It’s a fact – people who set savings goals save faster than those who don’t. What’s more, figures from NS&I show that people who have a have a financial focus save up to £550 a year more than people who … Read More
High street banks and building societies are trying their best to lure savers into locking into today’s low interest rates with accounts that tie up cash for as long as seven years. Newcastle Building Society has become the latest to … Read More
One in five Co-operative Bank customers are considering taking their business elsewhere after a scandal-hit year, according to new research writes Kara Gammell. Figures from Moneywise Magazine show that 18% of Co-op Bank customers said they are currently considering switching … Read More
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 to your money. Thousands of savers have money sitting in … Read More
Sharia’a compliant savings accounts are designed to allow the millions of Muslims living in the UK to save money without compromising their faith. But what was once viewed as a niche product in the savings market has becoming increasingly popular … Read More
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 to building up our savings accounts. According to Standard Life … Read More
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 third consecutive month inflation has undershot the Bank of England’s … Read More
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 peer-to-peer lending industry is developing at a rapid rate as … Read More
Fixed rate savings and the New Isa – which banks are setting the pace and should savers wait for better rates?
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 were jumping for joy when the Chancellor announced that … Read More
Kara Gammell is an awarding-winning personal finance journalist specialising in consumer affairs, banking, moneysaving and insurance. Kara started her media career at The Telegraph Media Group in 2006 after studying the NCTJ Magazine Journalism course at City College Brighton & Hove. During her seven years at the Telegraph, Kara wrote news, features and columns across all sections of the newspaper and online, including the Money section, the Business desk, Features and the Women’s online channel. In her role as a personal finance reporter on The Daily Telegraph and The Sunday Telegraph, Kara has won a number of prestigious awards including Personal Finance Journalist of the Year at the ABI Awards, Best Consumer Advice Award from the British Insurance Brokers’ Association and General Insurance Journalist of the Year at the Headlinemoney Awards. Kara left the Telegraph Media Group in the spring of 2013 and following a period of maternity leave, she became a full-time freelance writer.