moneysaving

Last chance to bag M&S deal: Bank’s top-rate regular savings account to disappear on Thursday night By Amelia Murray For The Daily Mail Published: 22:01 GMT, 10 November 2020 | Updated: 22:01 GMT, 10 November 2020 Savers can pay up to £250 a month into M&S’s Monthly Saver and earn a fixed 2.75 per cent … Read more

Haven’t donated to the Poppy Appeal yet? Special Coventry BS savings account gives a portion to charity – but rate is far lower than previous years Coventry Building Society’s latest Poppy Bond pays 0.85% on a three-year term  This is the lowest it has been since This is Money began tracking the rate in 2011  … Read more

Savers missing out on more than £1bn a year in interest by leaving cash in current accounts By Sylvia Morris For The Daily Mail Published: 22:01 GMT, 3 November 2020 | Updated: 22:01 GMT, 3 November 2020 Savers are missing out on more than £1 billion a year in interest by leaving their cash languishing … Read more

National Savings & Investments delivered a crushing blow to savers last month when it announced deep cuts to a number of accounts, which will bite later in November.  Some savers are set to go from earning a market-leading rate of 1.15 per cent interest each month to just 0.01 per cent, while holders of Britain’s … Read more

Jeff Prestridge                                                                                                            … Read more

Borrowers relying on £500 overdraft buffers will be stung when they vanish as Bank of England finds rates for going into the red are at a record high Overdraft rates have more than doubled since March to 22.52%  Banks were required to lower customers’ borrowing costs for 3 months  Regulators gave them the green light … Read more

Monzo and Starling now winning the current account switching battle but high street rivals fight back with cash incentives after lockdown lull 136,575 current account switches took place between July and September This rose 38,383 on the previous 3 months as switching returned after lockdown Starling Bank proved the most popular option for people looking … Read more

‘It’s the end of free banking, as we know it,’ I sang to myself in the style of R.E.M earlier in the week. A perfect storm is brewing which could potentially see more and more customers charged a monthly fee for having a current account. This is a blend of coronavirus, a crackdown in overdraft … Read more

Premium Bond holders who do not use telephone or online banking cannot have prizes paid into bank accounts unless they have email address By Sylvia Morris For The Daily Mail Published: 00:37 GMT, 28 October 2020 | Updated: 00:37 GMT, 28 October 2020 Premium Bond holders who do not use telephone or online banking cannot … Read more

The Government has failed to respond to proposals aimed at offering the families of thousands of disabled children a way to access locked Child Trust Fund savings for a month, despite the Prime Minister last week pledging to do everything he could to help. Child Trust Fund providers and trade bodies handed the Ministry of … Read more