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NS&I axes planned brutal rate cuts for 21m Premium Bond holders and other easy-access savings accounts – but fixed-rates will still plummet More than 21m people hold Premium Bonds which were due to be less generous The odds on a £1 Bond winning a prize were due to lengthen to 26,000 to 1 The number … Read more
Savers have been handed a double blow as two market-leading easy-access deals have both disappeared within a week of each other. Marcus Bank cut its rate from 1.3 per cent to 1.2 per cent today, just a week after Virgin Money cut its then-market-leading 1.31 per cent Double Take E-Saver to 1.01 per cent. Although … Read more
Parents struggling in the coronavirus chaos find it hard to put money aside for kids as savings rates face hefty cuts By Sylvia Morris For The Daily Mail Published: 22:01 BST, 14 April 2020 | Updated: 22:01 BST, 14 April 2020 Children’s savings rates are facing hefty cuts but there are still some generous Junior … Read more
An increasing number of savers with large pots are turning to platforms as they look to safely spread their money across multiple accounts to benefit from savings protection amid market turmoil caused by coronavirus. Savings platforms Flagstone, Hargreaves Lansdown Active Savings, Octopus Cash and Raisin allow savers to open accounts of different lengths with multiple … Read more
This month, all adults across Britain have been given a new Isa allowance, meaning they can save or invest a further £20,000 without incurring capital gains tax or tax on income. It is sensible to shelter this money as early as possible to give it most time to grow. It is also important to ensure … Read more
For nearly 250 years, building societies have played an important part in maintaining the financial fabric of communities up and down the country. Providing loans for home buyers and a safe place for savers to squirrel away their hard-earned cash. Although their numbers have shrunk dramatically over the years, the stoic 43 that remain continue … Read more
This twenty IS plenty! New £20 note smashes its estimate and sells for £7,500 in Bank of England charity auction held behind closed doors The JMW Turner note AA01 000010 sells for double its estimate Bank of England charity auction held behind closed doors thanks to coronavirus The note had already reached £7,000 at pre-bidding … Read more
Kick off your Isa New Year: Best easy access rate is 1.18% after many top-payers withdraw their best deals By Money Mail Reporter For The Daily Mail Published: 22:01 BST, 7 April 2020 | Updated: 23:06 BST, 7 April 2020 The top easy-access cash Isa rate is now 1.18% with the Family BS Market Tracker … Read more
Banks cut rates to bone (again): Thousands of savers will soon be earning next to nothing on their nest-eggs By Sylvia Morris For The Daily Mail Published: 21:50 BST, 7 April 2020 | Updated: 23:06 BST, 7 April 2020 Thousands of savers with big banks will soon be earning next to nothing on their nest-eggs … Read more
Struggling families being offered improved overdraft facilities after our campaign By Money Mail Reporter For The Daily Mail Published: 22:01 BST, 7 April 2020 | Updated: 22:01 BST, 7 April 2020 Struggling families are being offered improved overdraft facilities after action by the Financial Conduct Authority (FCA) The FCA suggested banks offer interest-free overdrafts of … Read more