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....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. ... [Read full article on Guardian ]
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. The Bank of Cyprus has launched an online savings account paying 1. ... [Read full article on Guardian ]
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Latest Finance News related to Savings Account

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. ...
Savers warned: Here are the 10 big ISA mistakes to AVOID ahead of deadline  image
Source : Daily Express [Read Article] Wednesday 8th of February 2017 05:57:00 PM
.... Taking the first steps into investing can be daunting, but can pay off, as savings rates continue to languish. A lump sum of £15,000 invested in the FTSE All Share index from 2006 until 2016 would be worth £25,769 - whereas the average savings account would have returned just £15,844 over the same time period, according to calculations by Fidelity. ...
Five minute guide to tracing your lost financial assets image
Source : Daily Express [Read Article] Sunday 5th of February 2017 01:57:00 PM
.... . The good news is that money lying in old pensions, investment funds or savings accounts still belongs to you and with a bit of effort, you can track it down. ...
Broker-charge comparison website can save the average investor thousands of pounds image
....”. The site allows you to compare the cost of investing in a tax-free individual savings account (Isa), self-invested personal pension (Sipp) or standard trading account. ...
‘Barclays took my £440,000 and put me through hell’ image
Source : Guardian [Read Article] Sunday 22nd of January 2017 07:00:23 AM
....Last September Mohammad Rahman won a four-year battle for compensation for disabilities caused by clinical negligence. A court awarded him £500,000, which was paid into the current and savings accounts he held with Barclays. ...
Can I buy a flat while I'm paying off debts through an IVA? image
Source : Guardian [Read Article] Thursday 19th of January 2017 07:00:30 AM
....No matter what your earnings, you won’t be able to get a mortgage. What you could sensibly do when your IVA comes to an end is to start putting the same amount you were paying into your IVA in a savings account. ...
OAPs are using their homes to top up retirement spending image
Source : Daily Express [Read Article] Tuesday 17th of January 2017 04:00:00 PM
....The surplus falls into your estate and can be passed on to your loved ones in the usual way. Just 44 out of 669 savings accounts now pay more than the new inflation rate of 1. ...
A grand investment idea from Kevin McCloud, but it’s not without its risks image
.... This one is targeting people looking for something “social and environmental” as well as a decent interest rate. A return of 8%, or 9% if you sign up before close of play on Monday, is way more than you’d get from a savings account, and 32 times the Bank of England base rate. ...
Sealing the deal as HomeServe hikes the cost of our contract image
Source : Guardian [Read Article] Saturday 7th of January 2017 07:00:12 AM
.... The quoted £358 is an absurd amount to charge to cover a boiler – especially with a £95 excess. Find a local trusted plumber and put the money in a savings account and pay for any repairs that come along. ...
How to make the most of booming Britain as the stock market hits record highs image
Source : Daily Express [Read Article] Wednesday 4th of January 2017 12:01:00 AM
....Feelgood factor. The FTSE 100 delivered a total return of almost 20 per cent last year, including capital growth and dividend income, more than 50 times the rate on the average easy access savings account, which now pays a meagre 0. ...
Will it be a happy new year for your investment funds? image
Source : Guardian [Read Article] Saturday 17th of December 2016 07:00:15 AM
....Forecasts made by investment banks such as Goldman Sachs, JP Morgan and Barclays Capital are only marginally better than flipping a coin, and if you hold on to their “hot picks” longer than a few months you will almost certainly lose money, according to new research. Intertrader, a spread betting firm, examined stock predictions from so-called (and highly paid) gurus at 16 investment banks, tracked them over the following 12 months and compared them to the returns on just putting your money into a savings account or a stock market index such as the S&P 500 on Wall Street. ...
FCA considers £1m compensation limit to increase protection for pensioners image
Source : Guardian [Read Article] Wednesday 14th of December 2016 01:29:36 PM
....”. A consultation is already taking place on plans to increase the maximum FSCS compensation for people with money in savings accounts from £75,000 to £85,000 from 30 January 2017. ...
New crowdfunding platforms following peer-to-peer lending are riskier than many realise image
....Savers have been rewarded with interest rates of 5 per cent a year or more. However, lending in this way is riskier than leaving it in a savings account. ...
Inflation challenge to the long-suffering savers in Britain image
Source : Daily Express [Read Article] Wednesday 14th of December 2016 08:56:00 AM
.... . With the average savings account paying less than half that amount it is now even harder to protect the value of your money in real terms, but the new breed of “challenger” bank may help. ...
Forget Christmas toys: Here are some children's presents that keep on giving image
Source : Daily Express [Read Article] Sunday 4th of December 2016 12:01:00 AM
. A children’s savings account or investment plan may not be the most exciting gift they unwrap, but it will last them a lot longer. ...
New research shows savings crisis for Britons is getting WORSE image
Source : Daily Express [Read Article] Tuesday 29th of November 2016 05:15:00 PM
.... . She warned that too many savers are failing to make the most of the money they do have: “There is an estimated £700billion tied up in low interest savings accounts or cash Isas, earning next to nothing when it could be working much harder. ...
Where to find the best bank accounts for teenagers image
Source : Guardian [Read Article] Saturday 26th of November 2016 07:00:25 AM
.... There is a promise from Nationwide that it won’t charge anything for using the account, and customers can choose either a cash card for taking money out of ATMs, or a contactless Visa debit card that can also be used in shops, online and over the phone. The account can be managed via Nationwide’s mobile app and pays 1% credit interest on balances up to £1,000, plus offers a linked regular savings account paying 3. ...
Autumn Statement 2016: Hammond unveils SAVERS' BOOST with new market-leading bond  image
Source : Daily Express [Read Article] Wednesday 23rd of November 2016 02:50:00 PM
....25 per cent in August. In the weeks following a flurry of leading savings accounts were withdrawn from the market or had rates reduced. ...
Savings protection limit to go back up to £85,000 image
Source : Guardian [Read Article] Monday 21st of November 2016 12:39:56 PM
....The plan to increase the protection level back to £85,000 will benefit about 500,000 savers and will mean around 98% of customers are protected. Just under 1m savings accounts hold more than the top limit of £85,000. ...
Bank compensation limit to return to £85,000 image
Source : BBC [Read Article] Monday 21st of November 2016 12:25:19 PM
....The Bank of England's move suggests that it believes the fall in the value of sterling is at least semi-permanent. The FSCS covers current and savings accounts, and cash ISAs. ...
Domestic & General’s customer service is beyond repair image
Source : Guardian [Read Article] Monday 21st of November 2016 07:00:01 AM
....You were spending £59 a month – which may not sound too bad until you consider that is more than £700 a year. White goods are so much cheaper now that almost all of us would be better off sticking some money in a savings account and repairing or replacing goods as required. ...
'Mis-buying' warning over lifetime Isa image
Source : Guardian [Read Article] Monday 14th of November 2016 04:46:53 PM
. A new type of savings account aimed at under-40s and available from next spring could result in a “mis-buying” scandal, a former government minister has claimed. ...
With Tesco offering a 3% current account, every little really does help image
Source : Guardian [Read Article] Saturday 5th of November 2016 06:59:40 AM
.... “But this isn’t for the faint-hearted, as it can be fiddly getting all the accounts set up and making sure you adhere to all the terms and conditions. “That being said, at a time when interest rates on savings accounts are in many cases at rock-bottom levels, this is exactly the thing you need to do when every penny counts. ...
Premium Bonds may return zero on savers money warn experts image
Source : Daily Express [Read Article] Wednesday 2nd of November 2016 08:15:00 AM
....“Also, all savings up to £75,000 are now protected under the Financial Services Compensation Scheme,” Maundrell added. Inflation is the biggest enemy for savers so searching for a savings account paying a market leading return is a good option: “If you like the frivolity of being in on the prize draw and are not relying on your money to grow then great, enjoy being part of the action,” she said. ...
Ernie turns 60 image
Source : BBC [Read Article] Tuesday 1st of November 2016 02:27:09 PM
....Amid countless savings and investment schemes that have come and gone, the state-backed scheme remains hugely popular - especially in this era of low interest rates, when returns are small. With savings accounts paying so little, Premium Bonds at least offer a little excitement that you could win something, says Danny Cox, a financial expert at Hargreaves Lansdown. ...
£54m of Premium Bond prizes unclaimed, says NS&I image
Source : BBC [Read Article] Tuesday 1st of November 2016 12:02:51 AM
....The previous cut before that was in August 2013. Figures from the Bank of England out this week show that the average return on an instant access savings account is now just 0. ...
Squirrel it away image
Source : BBC [Read Article] Friday 28th of October 2016 08:17:15 PM
....If all that sounds like hard work, there is a new way of saving that involves doing precisely nothing. Mobile phone tools, similar to apps, can now work out when you've got a couple of pounds spare in your current account, and automatically switch them into a savings account. ...
Savers hit yet again as even five-year fixes fail to pass muster image
Source : Guardian [Read Article] Monday 24th of October 2016 03:35:54 PM
....Savers have been hit by the falling base rate and a reduction of competition in the marketplace, Moneyfacts said. Recently it found that across the market, the number of savings accounts available to customers had dropped to its lowest level since 2007. ...
Would you do your banking with a tech startup? image
Source : Guardian [Read Article] Wednesday 19th of October 2016 08:53:58 AM
....Notably, Monzo’s genesis as a full bank both begins and ends there. The company has no ambitions to grow beyond the current account, to offer the full panoply of financial services, from mortgages and loans through savings accounts and investment advice. ...
Taxman grabs family fortunes thanks to inheritance tax ignorance image
Source : Daily Express [Read Article] Wednesday 19th of October 2016 12:01:00 AM
....Karen Stacey, head of technical services at Canada Life, says too few middle-aged people understand the IHT threat. Many do not realise that their family home, savings, investments, and even tax-free individual savings accounts (ISAs) are liable to IHT. ...
Savers suffer as banks withdraw more than 100 savings accounts image
Source : Guardian [Read Article] Monday 17th of October 2016 02:21:38 PM
. More than 100 savings accounts have been withdrawn from the market since the Bank of England cut interest rates in August, and the choice available to savers has hit a new low, figures show. ...
From Royal Mail to Asda – company schemes that give workers a share image
Source : Guardian [Read Article] Saturday 15th of October 2016 06:01:07 AM
.... However, you used to get a tax-free bonus added to your cash, but the SAYE/Sharesave bonus rate –which is set by HM Revenue & Customs – is currently set at zero, which means you won’t receive any interest on your savings. In other words, you could have got a better return by putting your cash into a savings account or doing something else with it. ...
TSB and Lloyds to slash interest rates on current accounts image
Source : Guardian [Read Article] Thursday 13th of October 2016 09:19:58 AM
....High-paying current accounts have been used by banks to attract new customers in recent years. Facing terrible rates from traditional savings accounts, consumers have moved their money into current accounts to take advantage. ...
SAVERS woe: Lloyds, Halifax and TSB slash interest on bank accounts image
Source : Daily Express [Read Article] Wednesday 12th of October 2016 01:46:00 PM
....25 per cent in August. Since then hundreds of savings accounts have had rates slashed even lower, and now bank accounts are also reducing returns. ...
'Poor reward' for pocket money savers image
Source : BBC [Read Article] Tuesday 11th of October 2016 12:51:34 PM
....1% a year. Annual interest paid on a typical child savings account, including fixed term and variable accounts, has fallen from 1. ...
Pensioners' savings to give grandchildren a head start in life image
Source : Daily Express [Read Article] Wednesday 5th of October 2016 07:49:00 AM
....They are keen to help despite today’s rock-bottom savings rates, with one in three setting aside money in cash. The average easy-access cash individual savings account (ISA) currently pays just 0. ...
Millions have less than £100 in savings, study finds image
Source : BBC [Read Article] Thursday 29th of September 2016 08:58:52 AM
...."Regular saving is key to building up that buffer against those life surprises," said Mr Hill. "If you earn enough to set even a little aside each month that's great - a direct debit into a savings account might be an easy way to do this, even if you start small and increase the amount with time. ...
Switch to a market-leading current account for the best returns image
Source : Daily Express [Read Article] Wednesday 21st of September 2016 02:03:00 PM
.... . Finance expert Rachel Springall said: “By contrast the average easy access savings account pays just 0. ...

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