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....Beleaguered savers have been given a small ray of hope in the current era of low interest rates after Leeds building society said it would guarantee a minimum of 0. 5% on savings accounts. ... [Read full article on Guardian ]
Sunday 24th of September 2017 06:00:37 AM
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....“I have a large chest freezer and my entire garage is now a stockpile where I put the stuff that I get for free. Each £1 saved with a coupon, I put in a savings account. ... [Read full article on Guardian ]
Monday 25th of September 2017 05:00:05 AM
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Latest Finance News related to Savings Account

Super savers: meet the coupon queen and the cashback king image
Source : Guardian [Read Article] Monday 25th of September 2017 05:00:05 AM
....“I have a large chest freezer and my entire garage is now a stockpile where I put the stuff that I get for free. Each £1 saved with a coupon, I put in a savings account. ...
Leeds building society makes rate promise image
Source : Guardian [Read Article] Sunday 24th of September 2017 06:00:37 AM
....Beleaguered savers have been given a small ray of hope in the current era of low interest rates after Leeds building society said it would guarantee a minimum of 0. 5% on savings accounts. ...
UK interest rate rise – what it could mean for savers and mortgage holders image
....It is traditionally said that savers outnumber borrowers by around seven to one, and many banks will be keen to be seen to be passing on the full rate rise to these people. The average easy access savings account now pays just 0. ...
Monzo? It might just be the future of banking image
Source : Guardian [Read Article] Saturday 9th of September 2017 06:00:00 AM
.... There are no set-up or usage fees, and there are zero charges for spending abroad. But there are no branches and no mortgages or savings accounts – just a prepaid MasterCard. ...
Parents urged to save THOUSANDS to cope with cost of bringing up children  image
Source : Daily Express [Read Article] Wednesday 6th of September 2017 11:14:00 AM
....”. Interest rates on children’s savings accounts are often higher than on standard accounts, with HSBC paying a variable 2. ...
For ‘instant’ access read ‘no’ access to Ulster Bank image
Source : Guardian [Read Article] Monday 4th of September 2017 06:00:05 AM
....I signed up to Ulster Bank’s market-leading 1. 25% instant access savings account to deposit a large sum to pay for building work. ...
Cash ISAs 2017: Savings accounts plunge amid low rates as Britons turn to investments image
.... It comes after the Bank of England dropped the base rate to 0. 25 per cent last year, which sparked huge drops in the returns offered by high street savings accounts and cash ISAs. ...
Popularity of cash Isas collapses in space of year image
Source : Guardian [Read Article] Thursday 31st of August 2017 04:58:49 PM
. Cash Isa savings accounts have collapsed in popularity, with a £20bn fall in the amount invested in the space of 12 months. ...
£1bn dent in cash Isas as household budgets pressure lowers saving and spending  image
Source : Daily Express [Read Article] Thursday 24th of August 2017 03:43:00 PM
....3 per cent in July - the slowest rate seen since May 2009. The figures include money held in current accounts, Isas and other savings accounts. ...
'I use food banks' – workers on the impact of the pay squeeze image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 06:00:14 AM
....I have had to reduce my pension payments that should have increased incrementally over time. I now have several bank accounts that I manage online, putting money into savings accounts to prevent me spending it. ...
PENSION WARNING: How inflation ravages YOUR retirement income by hundreds of pounds image
....Yet around two-thirds of pensioners have not taken steps to protect savings from inflation, according to provider Aegon. Many retirees are taking cash out of pensions and keeping them in traditional savings accounts - with rates that don't beat inflation, the industry regulator recently warned. ...
Inheritance tax: The secret loopholes to help protect YOUR money from dreaded death duties image
....A pension can be passed on without incurring tax, as long as death is before the age of 75. This can makes pension scheme more favourable over other savings account, including ISAs. ...
Interest rates: Winners and losers revealed following a year of record low interest rates image
.... Springall says last year’s cut gave banks and building societies yet another excuse to slash savings rates. The average easy access savings account paid a meagre 0. ...
'Disgusting and astonishing': how do the UK's top 1% view tax avoidance? image
....Whilst working for an investment bank that was part of a major UK bank, I was offered the choice to get paid via dividends from a Jersey-registered company but turned it down – which annoyed them, since they would have saved on employer’s national insurance. I think it’s okay to use ISAs [individual savings accounts which are tax-free] and put money into pensions, or put money in your spouse’s name to reduce your tax bill. ...
THIS is how much savers are taking from pensions: How do YOU compare? image
Source : Daily Express [Read Article] Wednesday 26th of July 2017 03:42:00 PM
....”. It comes after the financial regulator recently warned that mistrust in pensions was prompting people to take retirement cash and put it in low return savings accounts. ...
Good for the rich, bad for the poor: Trump’s healthcare plan is a lot like his tax plan image
.... Sadly, it’s a product that for many people just doesn’t work. It’s called a health savings account, or HSA, and if you haven’t heard much about it before, you’ve got plenty of company. ...
Pension planning: Avoid these costly mistakes with your savings  image
Source : Daily Express [Read Article] Sunday 16th of July 2017 02:14:00 PM
.... . Lowe says shifting money from a pension to a savings account makes little sense given today’s near-zero returns: “It may be better to leave the money to grow inside your pension until you really need it. ...
Is paying off the mortgage a better bet than saving? image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:00:00 AM
.... Instead it cut the base rate to 0. 25%, which makes keeping cash in a savings account a distinctly unattractive proposition. ...
Community groups call time on the demise of the British pub image
Source : Guardian [Read Article] Friday 7th of July 2017 04:19:25 PM
....Some of the schemes to finance the purchase of co-operative pubs offer those participating the bonus of a financial return. In the case of the Butchers Arms, the co-operative is paying 3% interest a year – more than the vast majority of savings accounts offer. ...
Chip: the robot banker trying to pull millennials out of their overdrafts image
....A robot banker who can pull you out of your overdraft sounds like the premise of a – dull, admittedly – sci-fi story, but Chip promises that it’s here right now. Just finishing its first year in existence, the start-up has a compelling pitch: plug it in to your bank account, and it will analyse your spending, moving money you don’t need into a savings account, and slowly helping you hit financial security. ...
Savers left in the red after a decade of low interest rates image
Source : Guardian [Read Article] Wednesday 5th of July 2017 06:34:13 AM
....9% on notice accounts. This collapse in interest rates and 26% inflation over the 10-year period has turned £1,000 cash in a savings account in 2007 into £878 in real terms, according to Hargreaves Lansdown. ...
Savings CRISIS: Household rainy-day funds PLUNGE to record lows  image
Source : Daily Express [Read Article] Friday 30th of June 2017 02:04:00 PM
....5 per cent last summer. It means that the value of cash kept in standard savings accounts is in effect falling, which could also discourage households from keeping hold of money. ...
Savings to finally be boosted as Mark Carney hints interest rates set to rise image
Source : Daily Express [Read Article] Thursday 29th of June 2017 11:11:00 AM
....The move will be welcomed by hard-pressed savers who have suffered record-low returns on their investments in recent years. A recent survey by Moneyfacts of easy access savings accounts found nine of 10 of them paid interest of less than one per cent while the cost of living was rising at 2. ...
Shop around to tackle inflation as rate at four-time high image
Source : Daily Express [Read Article] Wednesday 14th of June 2017 08:20:00 AM
....". Although savings rates have picked up slightly of late, none of the 750 standard savings accounts on the market now beats inflation, according to Moneyfacts. ...
Cash savers losing interest over low returns image
Source : Daily Express [Read Article] Wednesday 7th of June 2017 09:17:00 AM
....Base rates are now 0. 25 per cent and the current best-buy instant access savings account, from Charter Savings Bank, pays just 1. ...
Fighting Petplan tooth and claw over our cat’s claim image
Source : Guardian [Read Article] Monday 5th of June 2017 06:00:45 AM
....We felt angry and, having no confidence that it would not happen again, we cancelled all three of our pets’ policies before having to pay the next round of premiums. We now save into a pets’ savings account. ...
Mortgage approvals at seven-month low image
Source : BBC [Read Article] Wednesday 31st of May 2017 10:05:22 AM
....39% - a new record low. Interest paid on instant access savings accounts was just above a record low. ...
Call to raise retirement age to at least 70 image
Source : BBC [Read Article] Friday 26th of May 2017 12:02:45 PM
....The Forum also says that countries should aggregate and combine pensions data to give workers a full picture of their financial position. It cites Denmark, where an online dashboard collates pension information to give individuals details of their different pension savings accounts. ...
What's the best way of paying off my interest-only mortgage? image
Source : Guardian [Read Article] Thursday 25th of May 2017 06:00:21 AM
....49%). I regularly save 20%-28% of our monthly income in a savings account offering a low interest rate. ...
Nation of savers: Brits have £1.5 billion in piggy banks or coin jars image
Source : Daily Express [Read Article] Wednesday 24th of May 2017 12:45:00 PM
....When asked why they collect money in a piggy bank or penny jar, 58 per cent said it was a good way to save, over half (53 per cent) did so because they do not like carrying loose change, while just under a quarter (24 per cent) use the savings for treats. One in seven people use coin jars to save for something special and 12 per cent said putting money into a savings account was a waste of time due to low interest rates. ...
Nationwide profits hit by low interest rates image
Source : BBC [Read Article] Tuesday 23rd of May 2017 07:20:53 AM
....25% last summer following the Brexit vote. Nationwide said it kept rates unchanged on some savings accounts while passing on the rate cut to its mortgage customers. ...
John Lewis-backed credit union bids to fend off payday lenders image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 06:30:45 AM
.... By contrast, many payday lenders charge more than 1,000% APR. The new credit union is also offering “market-beating” rates up to 3% on its savings accounts. ...
Five minute guide to investing in the UK's big banks image
Source : Daily Express [Read Article] Sunday 21st of May 2017 12:01:00 AM
....”. Investing in banking stocks looks more rewarding than leaving your money in one of their savings accounts at a near-zero return, but as history shows, it is also a lot riskier. ...
A new Green Deal bond that pays 12% interest – too good to be true? image
Source : Guardian [Read Article] Saturday 20th of May 2017 06:00:17 AM
....Some people’s instant reaction might be “where do I sign?” – but anyone thinking about taking up this offer needs to remember that you don’t get something for nothing in the world of investment. This is a whole lot riskier than putting your money into a high street savings account, with no compensation if things go wrong. ...
Best savings rates: How to make your money work harder image
Source : Daily Express [Read Article] Sunday 14th of May 2017 01:43:00 PM
....3 per cent, which means cash kept in these accounts is essentially losing value. The best easy-access savings account is from RCI Bank with a rate of 1. ...
Bank of Mum and Dad is a major financial player - but could it be about to go bust? image
....EASY STREET . If you do not have enough ready cash to help younger family members, there is another option, says David Hollingworth, mortgage broker at London & Country: “The Barclays Family Springboard mortgage lets young buyers take out a mortgage of up to 100 per cent of the property value if parents deposit cash worth 10 per cent of that value in a special savings account. ...
Lifetime ISA 'THREAT' to retirement income: How LISA could damage YOUR pension image
. A third of under-40s are set to cut the amount they invest into workplace pensions or leave the scheme altogether to save into the recently launched savings accounts, according to research from MetLife. ...
Brits shy away from a place in the sun, plus it's the last day to spend old fivers image
....Bovis keeps delaying the completion date for our new home. NatWest closed my child’s savings account without telling me. ...
Britons earning below £30,000 lose out after making THIS savings mistake image
Source : Daily Express [Read Article] Wednesday 3rd of May 2017 02:23:00 PM
.... Analysis of the data showed young people ad those earning under £30,000 a year were the most likely to choose cash over stocks and shares. It's recommended that around three months worth of income is kept in easy-access savings accounts for emergencies. ...
Buy-to-let slump benefits first-time buyers, plus the best broadband firms image
....Bovis keeps delaying the completion date for our new home. NatWest closed my child’s savings account without telling me. ...
Millions rethink their investment plans and move away from buy-to-let property image
Source : Daily Express [Read Article] Wednesday 26th of April 2017 12:01:00 AM
....Currie says investing in stocks and shares is cheaper and easier: “Property is far less liquid, as it takes time to buy and sell. ” You can invest free of income and capital gains tax using your annual £20,000 individual savings account (Isa) allowance. ...
Average 50-something 'OWES more in debts than they have in savings' image
Source : Daily Express [Read Article] Wednesday 26th of April 2017 12:01:00 AM
....Excluding mortgage debt, the average person aged between 50 and 59 owes £4,641 from borrowing such as credit cards loans and overdrafts, according to the research from Nationwide Financial Planning. This outweighs the average amount of cash they have put away in savings accounts, at £4,511. ...
Swap flights for trains to Europe this summer, plus the rise of the 'fix-perts' image
....Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed. Bank of Cyprus launches competitive online savings account paying 1. ...
Bank of Cyprus UK launches competitive online account paying 1.05% image
Source : Guardian [Read Article] Thursday 20th of April 2017 12:15:27 PM
. The Bank of Cyprus has launched an online savings account paying 1. ...
Should you resist Lisa … out to lure you into saving for a property or retirement? image
.... But stashing cash in a Lisa could be a wise retirement strategy. It’s a savings account that enables you to save up to £4,000 a year without paying tax on the money you put away. ...
Expert help for gardens on a budget, plus the older expats facing poverty image
Source : Guardian [Read Article] Wednesday 12th of April 2017 02:07:41 PM
....Millions of EDF customers face second price rise this year. Government launches ‘market-leading’ savings account. ...
Savings rates turn NEGATIVE amid biting inflation with just ONE account beating rate image
....uk, said: “Savers are likely asking themselves whether it’s still considered ‘saving’ if they are in fact losing money because of the inflation bite. "As it stands, there is only one standard savings account that can outpace the current level of inflation, which means most accounts on offer today are effectively paying negative interest rates due to the inflation erosion. ...
Ford Money: New savings and ISA accounts launched aiming to help struggling savers image
. Ford Money now offers UK savers ISAs, as well as variable and fixed-rate savings accounts. ...
Lifetime ISA providers: Which banks offer a Lifetime ISA? image
Source : Daily Express [Read Article] Friday 7th of April 2017 04:51:00 PM
. Young people across Britain are rushing to open the new type of tax-free savings account which promises to help them on to the property ladder. ...
Lifetime ISA available NOW – 12 myths about the new Lifetime ISA image
Source : Daily Express [Read Article] Thursday 6th of April 2017 09:37:00 AM
. The new type of savings account is designed to let people aged 18 to 40 save for their first home or retirement without paying tax on the interest they earn. ...
Banks and building societies snub Lifetime Isa launch image
Source : BBC [Read Article] Wednesday 5th of April 2017 10:57:02 PM
.... . From Thursday 6 April, those between the ages of 18 and 39 were due to be able to open a Lisa cash savings account. ...
What time is the ISA deadline TONIGHT?  image
Source : Daily Express [Read Article] Wednesday 5th of April 2017 09:38:00 AM
....The ISA limit covers Lifetime ISAs for those under 40 as well as Help to Buy ISAs and the new Innovative Finance ISAs which include peer-to-peer loans. Cash ISAs are simple savings accounts which do not tax interest and offer a low-risk return on cash. ...
It's that time of year to spring clean your finances with the help of our expert tips image
....Sort out your Isas . You have until midnight tonight to use your 2016/17 individual savings account (Isa) allowance, but the new enhanced £20,000 allowance kicks in tomorrow. ...
New Isa offers free cash deal to young savers image
Source : Daily Express [Read Article] Wednesday 5th of April 2017 07:58:00 AM
.... . The money grows free of tax in the same way as a standard traditional individual savings account (Isa), allowing tax-free withdrawals provided you comply with the scheme’s rules. ...
Eight tax changes savers should watch out for from April 2017 image
Source : Daily Express [Read Article] Tuesday 21st of March 2017 01:47:00 PM
.... . Mr Cox said that interest from bank and savings accounts has been paid gross as part of the introduction of the PSA in April 2016. ...
UK inflation rate leaps to 2.3% image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:34:06 AM
....The latest inflation figures show that the squeeze on savers just got a little tighter. Returns are creeping up - but only one of 793 openly available savings accounts matches or beats inflation, according to financial information service Moneyfacts. ...
What a £1 coin could have made since 1983 image
Source : BBC [Read Article] Friday 17th of March 2017 10:03:18 PM
....This investment in shares would outstrip investing in gold, which would have had a real value of £1. 05 by the end of 2016, and a cash savings account (real value of £1. ...
Hammond seems to be expecting business rates storm to just blow over image
Source : Guardian [Read Article] Wednesday 8th of March 2017 07:42:51 PM
....It would be hard, though, to summon too much sympathy for these investors. Tax-free ISAs, or individual savings accounts, have been around for years and if wealthy savers weren’t putting in the maximum every time, they weren’t paying attention. ...
Budget 2017: Savers BOOST with new top paying NS&I bond...paying 2.2% on savings image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 01:33:00 PM
.... “The real question is whether it’s a good idea to tie your cash up for this long. "With rates on fixed savings accounts finally nudging upwards you could end up selling yourself short by committing. ...
Isa savers frozen out as rates hit a new low image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 08:13:00 AM
. Experts warn this could slow the traditional rush to take out a tax-free individual savings account before the tax year ends on April 5. ...
Big returns image
Source : BBC [Read Article] Sunday 5th of March 2017 01:39:06 AM
. If you had put £10,000 into a good savings account 10 years ago, you would now have £11,361. ...
AMC, APR, ERC explained: The ridiculous financial acronyms that serve to confuse image
Source : Daily Express [Read Article] Wednesday 1st of March 2017 09:01:00 AM
....The Annual Equivalent Rate is one of the least understood terms of all. Black says it helps you compare savings accounts by showing how much interest you get over a full year: “This allows you to compare an account paying monthly interest against one that pays it once a year. ...
Low-income families have less than £100 put away, report finds  image
Source : Daily Express [Read Article] Monday 20th of February 2017 09:24:00 AM
...." . Research from financial information website Moneyfacts found last week that only one in 30 savings accounts on the market beats or matches the Consumer Price Index (CPI) measure of inflation, which moved up to 1. ...
Savers need a balancing act to beat inflation image
Source : Guardian [Read Article] Monday 20th of February 2017 07:00:31 AM
....So at this time of rock bottom returns, where can savers turn to make something from their cash and fend off inflation?. Although most easy access accounts pay a derisory rate of around 1%, some high interest savings accounts pay many multiples of that, although they come with conditions. ...
A new Isa is offering tax-free returns of 12% – so what’s the catch? image
Source : Guardian [Read Article] Saturday 18th of February 2017 07:00:33 AM
.... They cut out the banks by putting people with money to lend in touch with those who want to borrow. The so-called “innovative finance” Isa – one of the latest additions to the individual savings account family of products – actually went live last April, but it is only now that there are some accounts to choose from. ...
ISA allowance: If I don't use this year's allowance, can I carry it over to next year? image
Source : Daily Express [Read Article] Wednesday 15th of February 2017 04:42:00 PM
....The ISA limit covers Lifetime ISAs for those under 40 as well as Help to Buy ISAs and the new Innovative Finance ISAs which include peer-to-peer loans. Cash ISAs are simple savings accounts which do not tax interest and offer a low-risk return on cash. ...
New double whammy to hurt prudent older savers image
Source : Daily Express [Read Article] Tuesday 14th of February 2017 10:29:00 PM
....” . Almost three quarters of over-55s have money in an instant access savings account, and more than half hold a tax-free cash Isa. ...
What level does inflation have to reach to erode savings and pensions? image
Source : Daily Express [Read Article] Tuesday 14th of February 2017 01:15:00 PM
....She told savers and pensioners living on their savings: “The value of your savings will be eroded now. There’s barely a savings account now that will beat inflation. ...
Five minute guide to choosing to invest in premium bonds image
Source : Daily Express [Read Article] Sunday 12th of February 2017 12:01:00 AM
....However, even after the forthcoming cut, the prize rate of 1. 15 per cent is roughly three times the return on the average easy access savings account, which currently pays a meagre 0. ...
What is an ISA? How to save money with an ISA? Advice and tips image
Source : Daily Express [Read Article] Thursday 9th of February 2017 05:00:00 PM
.... . Cash ISAs are simple savings accounts which do not tax the interest you earn and offer a low-risk return on cash. ...

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