Breaking news
Relentless rate cuts and now a rise in inflation mean savers are losing billions of pounds instead of enjoying fair rewards. Today, just one in 50 accounts pay interest higher than the cost of living. It means millions of nest eggs are being eroded. And the only way for savers to beat inflation is to … Read more
Uneasy-access: How best buy savings tables are dominated by bonus rates, withdrawal limits and other penalties for accounts that should be simple Majority of easy-access savings deals come with restrictions Quarter of the top 100 best rates come with at least two hurdles One expert says it’s ‘disappointing’ how many top deals come with strings … Read more
Savers hammered by double whammy of surging inflation and falling interest rates By James Salmon for the Daily Mail Published: 21:59 GMT, 21 February 2020 | Updated: 21:59 GMT, 21 February 2020 Millions of savers have been hit by a double whammy of surging inflation and falling interest rates. The number of accounts which pay … Read more
This is Money recently reported that 10-year fixed rates are currently at some of their lowest ever levels as banks and building societies battle for their business. A fierce mortgage price war has seen the number of 10-year fixed rate mortgages on offer grow substantially over the past year, pushing rates down to an average 2.76 … Read more
NS&I and Marcus Bank cut rates – what’s the point of saving? The This is Money podcast By This Is Money Published: 16:30 GMT, 21 February 2020 | Updated: 16:30 GMT, 21 February 2020 This week, savings have been in the spotlight with National Savings and Investments cutting rates on a number of its offerings, … Read more
Our savings picks: This is Money’s five favourite best buy cash Isas By Lee Boyce for Thisismoney.co.uk Published: 11:23 GMT, 17 December 2014 | Updated: 10:56 GMT, 11 February 2020 Every little helps: Savings rates might be low but at least an Isa means interest is tax-free Our assistant editor Lee Boyce picks his five … Read more
Dismay for 25million savers as NS&I slashes rates as low as 0.6% – and halves monthly winners of £50 and £100 prizes on Premium Bonds From May an estimated 13,448 £50 and £100 prizes will be handed out This is half as many as were given out in the recent draw Overall there will be … Read more
Footwear retailer Shoe Zone warns another 100 stores will be axed if business rates are not overhauled Shoe Zone boss Anthony Smith said it may have to shut down 100 stores Shoe Zone shut down about 300 stores in the last ten years Business rates payments rose from 26% to 54% over the last decade … Read more
Chancellor faces fresh anger over ‘unsustainable’ business rates burden as 50 of Britain’s top shop chains call for shake-up By Tom Witherow For The Daily Mail Published: 21:51 BST, 12 February 2020 | Updated: 21:51 BST, 12 February 2020 More than 50 of Britain’s biggest shop chains are calling for a shake-up of business rates … Read more
Isa season set to disappoint this year with many big banks already slashing their rates None of the UK’s biggest banks are planning on offering new Isa deals Co-op Bank, NatWest and RBS are also cutting their rates The best Isa rate you can currently earn with big banks is 0.75%… and some pay as … Read more