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 use this opportunity to get the most from their cash and get the best rates […]

24 March 2015 by Anna Bowes

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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 sum total of this major savings provider’s ISA launches. The 18 month ISA is the […]

23 March 2015 by Anna Bowes

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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 income. Although it’s a small change for larger savers, it could be crucial for those […]

18 March 2015 by Anna Bowes

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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 Punjab National Bank into second place behind the 3 year pensioner bond. The 5 year […]

16 March 2015 by Anna Bowes

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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 version was 1.70%) and the 2 year fixed rate ISA available to everyone is paying […]

9 March 2015 by Anna Bowes

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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 in the form of the Funding for Lending Scheme (FLS) in August 2012. The reduction […]

5 March 2015 by Anna Bowes

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HSBC Advantage offers fantastic ISA offer to existing account holders/ Charter Savings Bank enters market

Charter Savings Bank has entered the savings market with the launch of a range of variable and fixed rate savings accounts. The new challenger bank has launched an easy access account paying 1.25% and a 95 Day Notice Account paying 1.75%. The provider’s fixed rates are 1.80% for 1 year, 1.90% for 2 years, 2% […]

2 March 2015 by Anna Bowes

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The worst cash ISAs named and shamed – make sure you switch

As we approach the end of the tax year, all eyes turn to the banks and building societies to see what tempting Cash ISAs they might offer up for one of the busiest savings periods of the year.  While many savers will be looking at how to invest their current tax year’s ISA allowance, many […]

25 February 2015 by Anna Bowes

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Post Office ISA allows mix of fixed and variable rates. Shawbrook launches cash ISAs.

Shawbrook Bank has today launched its first publicly available cash ISAs. There are two types, a 2 year fixed rate ISA paying 1.75% and a 120 day notice cash ISA paying 1.45% and both accept transfers in from previous ISAs. The 120 day notice ISA can be opened with a minimum of £1,000 and withdrawals […]

24 February 2015 by Anna Bowes

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United Bank UK raising the rates but big banks lowering fixed rates

United Bank UK has increased the rate on various fixed rate bonds for new accounts opened. The 1 year Fixed Deposit is paying 1.75% (previously 1.50%), the 2 year Fixed Deposit is paying 2.15% (previously 2.06%), the 3 year Fixed Deposit is paying 2.45% (previously 2.36%) and the 5 year Fixed Deposit is paying 3.02% […]

9 February 2015 by Anna Bowes

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