moneysaving

Pay £3 a month for £5 cashback: TSB unveils its new ‘premium’ current account which pays customers LESS than its free version Its ‘Spend & Save Plus’ account costs £3 and pays £5 cashback  Customers must make 30 debit card purchases in order to earn the cashback  The fee wipes out 60% of what is … Read more

Becoming an Isa millionaire will be twice as easy for the next generation of investors, new research shows. Joining the £1 million club is an impossible dream for many, but investing in Isas might make it easier than you think. There are 579 investors with Isas worth more than £1 million with broker Hargreaves Lansdown.  … Read more

Yorkshire boosts loyalty factor: Building Society offers existing savers a top rate of 3.5% By Money Mail Reporter For The Daily Mail Published: 22:01 GMT, 23 February 2021 | Updated: 22:35 GMT, 23 February 2021 Yorkshire BS’s Loyalty Regular Saver offers a top rate of 3.5% Around 1.6 million loyal members of Yorkshire BS can now earn … Read more

Becoming an Isa millionaire will be twice as easy for the next generation of investors, new research shows. Joining the £1 million club is an impossible dream for many, but investing in Isas might make it easier than you think. There are 579 investors with Isas worth more than £1 million with broker Hargreaves Lansdown.  … Read more

Teenagers are sitting on £400 million in childhood savings they may not know exist. Around 200,000 Child Trust Funds (CTF) are still waiting to be claimed – with an average of £2,000 in each, figures reveal.  The investment and cash savings accounts were opened for every child born between September 1, 2002, and January 2, … Read more

Don’t let your bank automatically lock you in to a dud deal when your fixed bond matures this year By Sylvia Morris For The Daily Mail Published: 22:13 GMT, 23 February 2021 | Updated: 22:34 GMT, 23 February 2021 Hundreds of thousands of savers risk being locked into pitiful deals when their fixed bonds mature … Read more

Millions of savers were unable to access their money yesterday after a meltdown at beleaguered National Savings & Investments. A ‘power outage’ hit the systems of the Treasury-backed bank meaning many of its 25million savers could not access its website, while its customer services could not help them over the phone either. Savers trying to log … Read more

The Government has been forced to address plans to begin charging aspiring first-time buyers their own money to raid their house deposits if they run into financial difficulty, after a petition calling for the Lifetime Isa penalty to be permanently reduced received thousands of signatures. The penalty to withdraw money from the tax-free account was … Read more

A speech designed to set out an ambitious economic vision for his party and the country, Labour leader Sir Keir Starmer’s address on Thursday was fairly light on substantive policy proposals. But of the two he did announce yesterday, one will have caught the eye of savers who have put away billions during the country’s … Read more

Tammie Squire has been allowed to manage her disabled youngest daughter’s benefits for 18 years, but still faces a trip to court to try and unlock more than £7,000 she has saved for her future. The mother-of-two, from Tettenhall Wood, Wolverhampton, saved thousands of pounds into a Child Trust Fund, and later a Junior Isa, … Read more