Your Money

Savings

Lose the pricey coffee habit and give your savings a real kick start

21 March 2016

Investing Investing for Growth Personal Finance Savings Your Money

By cutting out your daily cappuccino you could give your savings a £10,000 boost in just over 13 years, according to figures calculated by Fidelity International. For example, if you ditched your daily shop-bought coffee at £2.50 a day, five days a week and invested this amount into an ISA, you would have £50 a […]

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More than a third of Britons under 35 have no savings at all

17 March 2016

Debt Monetary Trends Savings Savings Rates Your Money

More than a quarter of Britons have no savings whatsoever, with this rising to 37% for those aged 18-34, according to research from Sunlife. The study, which looked at the savings habits of 3,388 households, also found that the majority of 18-34s with no savings, said it is because they do not have any spare […]

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Budget 2016: Government to give eligible savers up to £1,000 per year in new Lifetime ISA

16 March 2016

Pensions And SIPPs Personal Finance Savings

The Chancellor has unveiled a new Lifetime Isa, which will allow under-40s to save up to £4,000 each year and receive a government bonus of 25% or £1,000 per annum. Rather than restricting the Isa to homebuyers, as George Osborne did with the launch of the Help to Save Isa, the latest incentive can be […]

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8.2m Britons over-indebted and struggling to pay bills

11 March 2016

Personal Finance Savings

Over eight million people in the UK are ‘over-indebted’ and struggling to stay on top of bills and credit card commitments.   One in six UK adults are struggling with their borrowing, according to a report by the Money Advice Service. It shows people renting, young people, single-parent families and those with three or more […]

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Seven years at 0.5%: how savers have suffered with low rates

4 March 2016

Savings Trending News

Tomorrow marks the seventh year of record low interest rates of 0.5%, which has left savers £160 billion out of pocket.   On 5 March 2009, the Bank of England made the decision to slash interest rates to the lowest level since the central bank was founded in 1694 as a way to kick-start the […]

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Fixed-rate bonds fall through the floor

1 March 2016

Personal Finance Savings

As far as the savings market was concerned, 2015 was the year of the challenger provider, and as a result rates crept up and positivity started to make a welcome return. However, research from Moneyfacts.co.uk shows that since the start of the year rates on fixed bonds have plunged to new lows. Charlotte Nelson, finance expert Moneyfacts.co.uk, […]

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Invest ‘little and often’ to make the most of your ISA

26 February 2016

Investing Strategy Savings

The best way to save into an ISA is ‘little and often’ to benefit from pound cost averaging says The Share Centre.   ISAs have become the go-to tax-efficient savings vehicle in Britain but still 55% of people are unaware that the current annual allowance is £15,240.   Over the past three years the average […]

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Five ISA essentials to make the most of your money

12 February 2016

Savings

The end of the tax year is approaching and investors should make sure they make the most of their ISA allowance.   According to The Share Centre fund manager Andy Parsons, there are five ISA essentials that investors should consider when putting money into savings.   ‘In a life where the only two certainties are […]

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Financial fibs: 3 in 10 keep money secrets from their spouse

5 February 2016

Savings

Nearly three in 10 people keep financial secrets from their other half, with credit card debt being the most common fib.   Ahead of Marriage Week UK, BlackRock has looked at just how honest people are with their spouses when it comes to money.   While the good news is that 69% of people say […]

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Londoners are the best savers in the country

5 February 2016

Savings

People living in the capital are the best savers in Britain, putting away over £1,000 a month on average.   A survey by Charter Savings Bank revealed Londoners are putting away £1,096 each month, five times more than those living in the North East where monthly savings average £221.   Savers in Wales are saving […]

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