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October 23, 2014 - Latest:

Gov’t consults on third-way ISA for P2P lending

17 October 2014

ISAs could be in line for another shake-up as the government is considering introducing a new ISA specifically for peer-to-peer (P2P) investing. In this year’s Budget, chancellor George Osborne announced [...]

Savings up to £1m to be protected next year

7 October 2014

Savings of up to £1m are to be protected under proposals from the Bank of England aimed at preventing the scenes witnessed in 2007 when customers queued around the block [...]

Best savings deals are closed to many

23 September 2014

Millions of savers who are seeing their returns squeezed by rock bottom interest rates are now finding that many of the highest paying accounts are out of their grasp due [...]

Skipton launches new fixed rate bonds and Isas

10 September 2014

Skipton Building Society has launched a new range of fixed rate Isas and bonds with rates increasing by up to 0.25%. The two year fixed rate Isa rises to 2.00% [...]

Customers switch to current accounts to beat poor savings rates

9 September 2014

Customers are switching current accounts in order to try and earn interest on their positive bank balances while savings rates remain at rock bottom, new figures reveal. Since the current [...]

Savers put record amount in stocks and shares ISAs

29 August 2014

The introduction of a super-sized ISA and pitiful cash savings rates led to record subscriptions to stocks and shares ISAs. A record £18.439 billion was invested into stocks and shares [...]

HSBC plans account upgrade for 1.3m customers

23 August 2014

HSBC is planning to upgrade 1.3 million banking customers to an ‘Advance’ account. From 10 November the high street bank will offer a new Advance bank account with as no [...]

Are you one of the 14 million Britons who could save more?

15 August 2014

Around 14 million Britons could and should be putting away more each month into a savings account.   A report by consumer group Which? has identified 11.5 million who struggle [...]

Scrap pensions in favour of cradle-to-grave ‘lifetime ISA’, says think-tank

4 August 2014

The government has been urged to scrap pensions and put in place a ‘lifetime ISA’ that follows a person from cradle to grave. A new report from the think-tank Centre [...]

The big bank backlash has begun! Savers switching to smaller banks

1 August 2014

Britons are shunning the ‘Big Four’ banks and switching to smaller banks, according to new figures from The Payments Council. The council, which operates and oversees the seven-day switching guarantee [...]

Skipton extends fixed rate NISA deadline to 8th August

30 July 2014

Skipton Building Society as extended the deadline for topping up its fixed rate NISA to the 8th August. Customers will be able to add to the £5,940 deposited under the [...]

Leeds is offering 4% on cash but you’ll have to lock in for a decade

25 July 2014

Leeds Building Society has launched a market leading savings bond paying a 4% interest rate but there’s a catch: you have to lock in for 10 years. The mutual says [...]

Challenging the dominance of the Big Four banks: expert reaction

18 July 2014

Consumer champions, challenger banks and comparison sites have implored the competition watchdog to bring an end to the monopoly within the current account market tin order to encourage product innovation [...]

Competition watchdog barks at Big Four banks over control of current account market

18 July 2014

The competition watchdog is planning an investigation into UK that should see it challenge the ‘Big Four’ high-street banks which control the majority of the current account market. Initial findings [...]

Two thirds of over-50s checking their savings rates at least every six months

8 July 2014

Two thirds of over 50s check the rates on their savings accounts at least every six months while six in ten over 50s switch savings accounts to get the best [...]

Banks get away with paying low rates of interest because many customers stick to the same account for years

8 July 2014

Banks are able to get away with paying lower rates of interest on savings accounts because many customers do not shop around enough says research from the financial watchdog. The [...]

Londoners savviest with money but less than half of UK review their finances each year

4 July 2014

As home of the nation’s financial centre, and the most expensive place to live in the country, it may come as no surprise that Londoners are the savviest with their [...]

Santander launches two year fixed rate bond paying 1.7%.

2 July 2014

Santander has launched a new range of one and two year bonds paying 1.4% and 1.7% respectively. The bonds are available exclusively to new and existing Santander 1|2|3 Current Account, [...]

Skipton launches new fixed rate Isa range

1 July 2014

Skipton Building Society has launched a new fixed rate ISA range to coincide with the new £15,000 limit. The rate on the one year fixed rate ISA has increased to [...]

Virgin Money tries to woo savers with better rates ahead of ISA changes

27 June 2014

With the imminent launch of New ISAs, providers are trying to tempt savers with better rates and easier access to their savings. Ahead of the introduction of New ISAs (Nisas) [...]

Bank of Gran and Grandad open for business: grandparents handing over as much as £50k

20 June 2014

The ‘bank of mum and dad’ is empty and younger generations are increasingly turning to grandparents for financial support. Nine out of 10 grandparents have given cash and loans to [...]

Savers, borrowers, investors and pensioners: just how will an interest rate rise affect you?

13 June 2014

Speculation about when interest rates will rise has been rife in recent months and Bank of England governor has added fuel to the fire, warning a rise could happen sooner [...]

Savers: opt for a current account and earn three times as much interest

12 June 2014

Kara Gammell looks at the way in which savvy savers can beat the rates available on savings accounts. Bank customers looking to boost their nest egg co­uld earn nearly three [...]

Twelve and half million may be saving without using tax efficient Isas

11 June 2014

More than one in every four adults in the UK (26%) are paying too much tax on savings and investments, NFU Mutual is arguing. As many as 12.5 million adults save [...]

Britain wakes up to saving! Over half of people now saving enough for old age

11 June 2014

The introduction of pensions auto-enrolment and a tentative pick-up in the economy has pushed UK retirement savings rates to their highest levels in five years. How to build an efficient [...]

Savings bonds: the best deals and a new 2% offering from Leeds BS

6 June 2014

Savers who are happy to lock their money up for 18 months can take advantage of Leeds Building Society’s market-leading bond, paying 2%. The savings bond is available in branch, [...]

Five ways to achieve your savings goals

4 June 2014

Our savings writer Kara Gammell looks at five ways to boost your savings. It’s a fact – people who set savings goals save faster than those who don’t. What’s more, [...]

Are long term fixed rate savings accounts really worth it?

30 May 2014

Mindful Money’s savings expert Kara Gammell looks at the accounts on offer and questions whether they will be worth the money if economic circumstances change. High street banks and building [...]

Crowdfunder Landbay aims to open up buy-to-let market to frustrated savers

17 May 2014

A new entrant to the crowdfunding market is providing finance to landlords and allowing savers to invest their money into buy-to-let without the hassle of owning a property. Peer-to-peer platform [...]

Leeds Building Society launches five-year 2.85% fixed-rate cash ISA

16 May 2014

Leeds Building Society is offering a new five year fixed rate Cash ISA with a best buy rate of 2.85% per annum. The new ISA, launched today, 16th May, matures [...]

Savings gap between men and women now at a staggering £15,009

15 May 2014

Women’s savings habits are lagging significantly behind their male counterparts, according to new figures from Santander Savings. At present, the average Briton has £20,380 held in savings, but this figures [...]

M&S Bank launches fee free current account with loyalty points and £100 gift card to entice switchers

15 May 2014

M&S Bank is launching its first fee free current account with experts saying it could shake up retail banking. The account has an automatic £500 overdraft, the first £100 of which [...]

How to make sure your cash does not languish in a low-interest paying zombie savings account

14 May 2014

Consumers are missing out on £4.3 billion a year by letting their cash languish in low-interest savings accounts. But there are very simple ways to make sure this doesn’t happen [...]

Which? tells banks: stop trapping savers in poorly paying accounts

10 May 2014

Consumer group Which? has launched a campaign calling for banks to release savers from pitiful savings accounts. As part of its ‘Scrap the savings trap’ campaign it wants banks and [...]

Sick of low returns from cash Isas? Time to dip your toe into stocks and shares?

1 May 2014

Savers with an appetite for risk were well rewarded over the last year according to new research from Moneyfacts, the statisticians writes Kara Gammell. According to the data, the average [...]

Made a payment to the wrong account? Has your bank signed up to a new code to rectify things fast?

24 April 2014

People who accidentally send a payment to the wrong account can expect swifter help from their bank from May 2014 says industry body, the Payments Council. A new voluntary code [...]

Five ways to boost your bank balance

24 April 2014

The economic downturn has forced many consumers to become very crafty when it comes to cost cutting, but new research suggests that is not exactly the case when it comes [...]

Almost a third of cash ISA holders plan to save more because of the NISA

23 April 2014

Around one in three (32%) cash ISA holders expect to save more as a result of new £15,000 Isa limit, while close to half (52%) believe it will make no [...]

Where to find an inflation beating savings account

16 April 2014

Just one-in-five savings accounts pay enough interest to negate the effect of inflation after the Consumer Prices Index (CPI) fell to 1.6% in March writes Kara Gammell. This is the [...]

Small energy providers trouncing the ‘big six’ with cheaper tariffs on Gocompare’s best buy tables

10 April 2014

OVO Energy has taken the top spot once again with its Cheaper Energy Fixed tariff with small providers dominating Gocompare’s best buy table. Gocompare should bear in mind that finding [...]

Saving for your children – what options do parents have?

9 April 2014

You might assume that saving for the future is the last thing on adolescent minds, but new research has shown exactly the opposite writes Kara Gammell. According to a survey [...]

Halifax to keep branches open late over tax year end while Leeds Building Society extends fixed rate ISAs to £15,000 from 1 July

3 April 2014

With the end of the tax year looming, Halifax has announced that the majority of its branches are to open late. The bank says it expects to open a new [...]

Can peer to peer lending make up for those paltry savings rates?

3 April 2014

With the average Isa paying just 1.65%, it’s not surprising that a number of savers are turning to the alternative finance market for higher returns writes Kara Gammell. The UK’s [...]

Fixed rate savings and the New Isa – which banks are setting the pace and should savers wait for better rates?

27 March 2014

Our new savings columnist Kara Gammell looks at the High street banks that are embracing the expanded Nisa and what is means for savers. After the worst Isa season on record, savers [...]

Santander extends 2 year-fixed rate ISA till 31 August 2014 so savers can take advantage of £15,000 cash limit

26 March 2014

Savers into Santander’s 2 year fixed rate cash Isa will be able to make deposits up to 31 August 2014 to take advantage of the new ISA (NISA) limit of [...]

Skipton to allow this April’s fixed rate ISA savers to broaden to July’s New ISA £15,000 allowance

21 March 2014

Skipton Building Society has declared itself ‘NISA ready’ and commited to savers being able to make use of their full new ISA allowance of £15,000 in July, even if they [...]

Chancellor George Osborne heralds a savings and pensions revolution in a populist pensioners’ budget

19 March 2014

The Chancellor of the Exchequer George Osborne has heralded a savings revolution with a radical shake up of pensions, annuities, income drawdown and Individual Savings Accounts. The annual Isa limit [...]

Santander to increase the rate on its direct Isa saver to 1.6% from Monday 17th March

13 March 2014

Santander is increasing the rate on instant access on its direct Isa saver to 1.60 per cent AER tax free rate (variable) from Monday 17th March. The direct Isa saver [...]

Make switching savings account easier demands new campaign

11 March 2014

Up to £5 billion in interest is being lost for those savers whose money languishes in low interest paying accounts says SavingsChampion.co.uk as it launches a campaign for the Government [...]

Santander launching new Isa range on Monday including two year fix paying two per cent.

6 March 2014

Santander is launching a new range of cash ISAs available from Monday 10 March. The new 2 Year Fixed Rate ISA pays a 2.00 per cent AER tax free (fixed), [...]

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