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Banking app offers 1.25% interest on an easy access savings account… but you need to be invited by an existing customer Chip is a banking app launched in 2017 and lets savers round up their money It has recently launched interest-paying easy-access accounts Its latest offer is a market-leading 1.25% on up to £5,000 But … Read more
The Goldman Sachs Grinch: Marcus Bank to cut easy-access rates AGAIN… just days after NS&I slashed accounts to as little as 0.01% Marcus cut its easy-access rate from 1.05% to 0.7% in October It will cut it again on 11 December as cuts to savings rates continue The best buy easy-access rate pays just 0.7% … Read more
Savings wipe out: Just TWO easy-access accounts now beat inflation and those with big banks could be losing £69 a year The Consumer Prices Index rose from 0.5% to 0.7% in October It means the number of inflation-matching deals has fallen to just 220 Easy-access savings accounts are at an all-time low of just 0.22% … Read more
Three strikes and you lose with easy-access top buy: Newcastle BS’s Triple Access Saver pays 1.05%… but there’s a catch By Sylvia Morris For The Daily Mail Published: 22:01 BST, 6 October 2020 | Updated: 22:01 BST, 6 October 2020 Savers who do not need to touch their cash have been thrown a lifeline by … Read more
More misery for savers: Marcus Bank slashes its easy-access account rate to 0.7% – blaming ‘market conditions’ Marcus has continually cut its rate for its easy-access customers The new rate of 0.7% – down from 1.05% – will come into effect on 12 October NS&I also slashed its rates earlier this week By Grace Gausden … Read more
NS&I knocked off the savings top spot for the first time since May! Skipton Building Society launches best buy easy-access account Savings rates have begun to improve slightly after falling to record lows this year Treasury-backed NS&I has been untroubled by contenders for months Skipton has increased its easy-access rate as stoking hopes of more competition … Read more
Beware the easy-access deals that give nothing in return: £200 billion sitting in accounts that pay no interest By Sylvia Morris For The Daily Mail Published: 22:01 BST, 14 July 2020 | Updated: 22:01 BST, 14 July 2020 Savers are piling a record amount of cash into easy-access accounts, but some will now pay them … Read more
Rates see worst cuts in a decade: Easy-access deals down 0.35% and fixed Isas down 0.56% since start of year By Money Mail Reporter For The Daily Mail Published: 22:00 BST, 30 June 2020 | Updated: 22:00 BST, 30 June 2020 Easy-access rates have plummeted by 0.35 per cent since the start of the year … Read more
The £6.8bn High Street savings robbery: All major providers set to pay just 0.01% interest with easy-access deals from next month By Sylvia Morris For The Daily Mail Published: 22:01 BST, 23 June 2020 | Updated: 22:01 BST, 23 June 2020 Loyal savers are missing out on billions of pounds in interest by sticking with … Read more
Savers piled 303 per cent more cash into easy-access accounts during March and April compared to the same period last year, as banking industry data shows how people opted to keep cash at hand as the coronavirus pandemic unfolded. Some £11billion was poured into easy-access accounts over the two-month period, compared to just £2.7billion in … Read more