Halifax and Lloyds disappoint on savings rates

Nottingham Building Society has launched its eSaver Plus Issue 7 paying 1.45% gross/AER. The rate includes a 0.95% introductory bonus, which will be received on 30/06/2016, provided the account remains open with a minimum balance of £5,000. The bonus will … Read More

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Skipton’s limited edition cash ISA offers 1.6% but it may go quickly

Skipton Building Society has launched a new Limited Edition Cash ISA paying 1.60%. The account can be opened online with £1 and transfers in from previous ISAs can be made. There are no withdrawal restrictions. The account matches the interest … Read More

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Leeds Building Society upgrades its one, two and three year fixed rate ISAs

Leeds Building Society has launched new versions of its fixed rate ISAs, paying higher interest rates than the previous versions. The 1 Year Fixed Rate ISA (Issue 70) is 1.60% (the previous version was 1.50%), the 2 Year Fixed Rate … Read More

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Hinckley & Rugby Building Society loyalty bond beats the one year pensioner bond but only for existing members

Virgin Money has increased the interest rate on its Defined Access ISA/E-ISA and Defined Access Saver/E-Saver. The new interest rate is 1.41%, increased from 1.35% and existing account holders will benefit from the change, as well as those who open … Read More

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Making the most of low inflation

Lower inflation offers savers some respite in the current record low interest rate environment. There are many economic factors that affect inflation and it’s predicted that this dip is to be temporary but in the meantime it’s wise that savers … Read More

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Halifax launches new 18 month fixed rate ISA paying 1.60% while Skipton’s bonus cash ISA goes online

Halifax has launched a new 18 month fixed rate ISA, paying 1.60% and has replaced its 2 year fixed rate ISA paying 1.60% with a higher paying version at 1.65%. Symptomatic of this ISA season, this change appears to be the … Read More

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From 2016, a basic rate taxpayer could have more than £70,000 before paying tax on the interest

The Chancellor’s focus on savers continues and this time it covers everyone. We welcome any changes that bring some respite to savers and at first glance these will help the great majority of UK savers to benefit from tax free … Read More

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Shawbrook Bank launches new 3 and 5 year fixed bonds and 1 year fixed ISA to grace the top of the savings charts

Shawbrook Bank has launched new versions of its 3 and 5 year fixed rate bonds and 1 year fixed rate ISA paying higher rates than the previous versions. The 3 year bond is now paying 2.60% (previously 2.45%) and beats … Read More

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Santander ups rates on its cash ISA range but the best deals are still for existing customers

Santander has launched a new range of cash ISAs, replacing its existing ISA range with new versions at improved rates. The 2 year fixed rate ISA exclusive to 123 Current Account or Santander Select customers is paying 2% (the previous … Read More

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Six years of record low base rates haven’t helped, but it was funding for lending that really hurt savers

Today marks the 6 year anniversary of the Bank of England base rate falling to a record low 0.50%. A time when savings rates of around 3% were still achievable and continued to be so until the second blow came … Read More

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