This week’s announcement that CPI inflation has fallen to just 0.50% surprised the markets, and has been widely welcomed. It certainly is good news for savers that the value of the money they have in accounts is not being eroded … Read More
Overall the last week has been fairly quiet for new account launches, as providers start to wind down for Christmas. There have been some interesting increases amongst fixed rate bonds in the last few days and whilst it is encouraging, … Read More
Perhaps the biggest savings account news this week, apart from the rates being announced for the forthcoming Pensioner Bonds, has been the continuation of the tussle at the top of the notice account best buy table, as Secure Trust replaced … Read More
The wait is nearly up. In a matter of weeks the new Bonds for investors aged 65 or over, dubbed Pensioner Bonds, will hit the market and demand is expected to be high. Although the confirmed rates on the bonds … Read More
SavingsChampion Index The SavingsChampion.co.uk Savings Index looks at the top 5 best buy easy access accounts. Overall it paints a pretty gloomy picture over the last few years, as rates came tumbling down, but at least there does seem to … Read More
This week there have been a few small glimmers of light, as a couple of providers re-entered the best buy tables, resulting in a small upturn in the Savings Champion savings index. Some of the more significant withdrawals are also … Read More
Last week we said that it was too soon to herald the recent increased rates we saw as the start of a more positive trend for savers. Sure enough, this week has seen just a handful of upward changes, the most … Read More
Whilst it is too soon to herald the increased rates we have seen this week as the start of a more positive trend for savers, they are certainly a step in the right direction. In amongst the usual withdrawals, reductions … Read More
The Bank of England suggests raising savers’ protection to £1 million. What are the implications and why now?
The Bank of England has released a proposal paper to help better protect savers and smooth concerns in the savings market. Among the four proposals are details to increase depositor’s protection from £85,000 up to £1million but only for temporary … Read More
The financial watchdog the Financial Conduct Authority has issued an interim report into the savings market. The findings though unsurprising highlight the key issues in the savings market and the extent of the problem savers face. A key concern is … Read More
Anna Bowes is one of the founders of Savings Champion a no-nonsense, simple to use website that helps everyone to pick the best savings account for them and then, if they sign up for Rate Tracker, ensures that they could always stay on the best savings rate. She is a regular contributor to the BBC's Money Box and other news programmes as well as the national press, providing expert analysis and commentary on the UK savings market. Anna shares this passion for great savings advice with her long-time colleagues and friends Sue Hannums and Chris Shaw with whom she developed the idea for Savings Champion.