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Top 5% savings rates will be extinct soon as Nationwide cuts interest on its FlexDirect current account – but there is one last chance to hunt it down… Nationwide’s FlexDirect account pays 5% interest for 12 months on up to £2,500 It is the last 5% savings deal in Britain, but will be cut to … Read more
A Bank of England scheme designed to provide banks with cheap money to lend to small businesses has handed out an enormous £6billion in its first week, official figures reveal. In an announcement which revealed the speed and scale of the economic crisis caused by the coronavirus, the sum pumped into banks in the first … Read more
For a few fortunate sections of society, the coronavirus crisis has not led to financial insecurity. In fact, some households are finding that they have disposable income left over at the end of the month. >> Are you struggling financially because of coronavirus? If so, we have help here Those who are able to work … Read more
For a few fortunate sections of society, the coronavirus crisis has not led to financial insecurity. In fact, some households are finding that they have disposable income left over at the end of the month. >> Are you struggling financially because of coronavirus? If so, we have help here Those who are able to work … Read more
The nation’s savers are being offered top rates in an effort to line the Government’s coronavirus war chest. Despite interest rates plunging to record lows, National Savings and Investments (NS&I) has gone against the grain and abandoned plans to cut rewards which would have cost savers £200 million. The Treasury-backed bank says the U-turn is … Read more
A record number of savings accounts have disappeared over the last month as coronavirus shocked the savings market, new figures show. There were 180 savings accounts and tax-free Isas of all term lengths pulled from sale following a pair of Bank of England base rate cuts in March, according to research from financial information website … Read more
New tax year means those investing for their children can now benefit from a much higher Junior Isa annual allowance – £9,000 up from £4,368 By Rachel Wait, Financial Mail On Sunday Published: 21:54 BST, 18 April 2020 | Updated: 11:33 BST, 19 April 2020 Pointer: New tax year started on April 6 Thanks to … Read more
Pointer: New tax year started on April 6 Thanks to the upheaval in our lives over the past few weeks, the start of a new tax year on April 6 will have passed many of us by. But it heralds a raft of key changes – some of which could have a positive effect on … Read more
Initiative aimed at improving financial education among young children extended online in response to coronavirus school closures By Jeff Prestridge, Financial Mail on Sunday Published: 21:54 BST, 18 April 2020 | Updated: 22:21 BST, 18 April 2020 An initiative aimed at improving financial education among young children will be extended online this week in response … Read more
There’s a new bank in town with a competitive one-year fixed-rate of 1.49%… but is Allica Bank a safe spot for your cash? Its one-year fixed-rate is enough for ninth place in our savings tables It pays more than well-known names like Goldman Sachs’ Marcus The London-based bank received its licence in September 2019, and … Read more