moneysaving

Send loved ones a Christmas present to spend: Our top tips on how to give cash smartly and safely  With fewer people visiting shops money is set to prove a popular Christmas gift  Here we explain how you can send money securely this Christmas  Some banks allow mobile customers to pay in cheques by uploading … Read more

Fintech start-up Lanistar drops celebrity backer claims after 3,000 Instagram influencers were paid to promote its debit card Lanistar signed up footballer Kevin de Bruyne and Love Island’s Amber Gill It claimed to be ‘part-owned’ by ‘influential people’ in its launch campaign  But the company has since dropped those claims  Lanistar could not say how … Read more

Banking app offers 1.25% interest on an easy access savings account… but you need to be invited by an existing customer Chip is a banking app launched in 2017 and lets savers round up their money  It has recently launched interest-paying easy-access accounts  Its latest offer is a market-leading 1.25% on up to £5,000 But … Read more

Premium Bond prize cheques given temporary reprieve, after NS&I announces U-turn on plan to cull them By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:50 GMT, 5 December 2020 | Updated: 21:50 GMT, 5 December 2020 Premium Bond prize cheques have been given a temporary reprieve, after National Savings & Investments announced a U-turn … Read more

Big Issue-backed Junior Isa from the Big Exchange is launched with a promise to back companies doing good for the planet and society The Junior Isa promises to invest children’s savings only into companies proven to be helping the planet and society The account must be opened and managed by a parent or guardian on … Read more

Labour Government which set up Child Trust Funds ‘never envisaged’ problems which see up to 200,000 disabled children denied their money Labour launched CTFs in 2005 for children born from 2002   Disabled children unable to manage money are now locked out  Former minister Lord Blunkett said they had no idea the problem would arise He … Read more

Today Money Mail lays bare your distraught reaction to NS&I’s proposal to axe Premium Bond cheques and pay winnings direct into bank accounts instead. This means customers must provide their bank details online or over the phone, which many savers say they are just not comfortable doing. The Treasury-backed bank yesterday bowed to pressure from … Read more

The parents of up to 200,000 disabled children who need to go to court to access locked Child Trust Fund savings may no longer have to pay fees in order to do so, in a partial victory for campaigners. Families can ask for the Government to waive or refund Court of Protection fees of hundreds … Read more

National Savings & Investments slashed Premium Bond payouts by more than £31million this month as it brought in hefty cuts to Britain’s best-loved savings product. There was little Christmas goodwill for savers from the Treasury-backed bank as it cut the number of tax-free prizes handed out in December’s draw by 1.1million compared to last month. … Read more

Claiming universal credit when you have savings: Six tips to protect your funds AND eligibility for this vital benefit By Kay Ingram For This Is Money Published: 07:47 GMT, 1 December 2020 | Updated: 07:47 GMT, 1 December 2020 Kay Ingram:  Those who have savings may see their entitlement to universal credit reduced Kay Ingram is … Read more