About that CPI fall to 0.50% – sadly 30% of savings accounts still don’t beat it

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

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Secure Trust Bank still setting the pace

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

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Secure Trust tops Shawbrook Bank again

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

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How to get a better rate than on the pensioner bonds

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

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Savings rates stabilising but make sure you avoid the poor performers

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

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Savings round up – Secure Trust Bank now the top paying notice account

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

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Tesco Bank re-enters the best buy tables

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

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How the savings market looks this week

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

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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

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Savings rates – more customers switching will help but it is not the whole answer

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

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