savings

Aviva Save: Investment giant launches a cash savings platform

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Insurance and investment giant Aviva has launched its own cash savings platform, This is Money can reveal, but savers will earn more by going to the banks directly. Britain’s largest insurance firm’s answer to the likes of Hargreaves Lansdown Active Savings and Flagstone has opened with 15 fixed-rate bonds offered by Aldermore, Oaknorth and Paragon … Read more

Inflation unmasked: How it affects your savings and why it matters

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Rising inflation continues to ‘erode’ gains on millions of people’s savings accounts up and down the country, new findings reveal.    Fresh figures from the Office for National Statistics today showed that rising furniture and food prices pushed the Consumer Prices Index up to 0.7 per cent in January, up from 0.6 in the year to … Read more

Andrew Bailey rocked by extraordinary row over LCF savings scandal 

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The Judge versus the Governor: Andrew Bailey rocked by extraordinary row over LCF savings scandal By Lucy White For The Daily Mail Published: 23:04 GMT, 9 February 2021 | Updated: 23:04 GMT, 9 February 2021 Andrew Bailey’s reputation has been dealt a serious blow after a row erupted between the Bank of England Governor and … Read more

Diversify your savings before stock market bubble bursts

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Worried that the stock market may be in a bubble? Diversify your savings before it bursts By Anne Ashworth For The Daily Mail Published: 21:50 GMT, 5 February 2021 | Updated: 21:50 GMT, 5 February 2021 Worried that the stock market may be in a bubble? Wondering whether to take your leave before it bursts, … Read more

Families reveal how they have been spending their lockdown savings

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Britons have revealed how they are spending some of their £150billion in extra savings amassed during the lockdown as the pandemic stopped them from splashing out on expensive holidays and nights out.   Families built up their bank deposits from £1.48trillion to £1.63trillion over the course of 2020 – a rise of £151.7billion, the highest since … Read more

Five families reveal how they’re going to spend lockdown savings

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As lockdown life continues to take its toll, there is a silver lining for some, at least. With nowhere to go and nothing to do, there is little for us to spend our money on — and many people’s bank balances have received a welcome boost. Bank of England figures this week revealed that families … Read more

Savings have beaten investing with every High Street lender since 2011

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Why you can’t always bank on shares: Savings have beaten investing with every High Street lender since 2011 By Ben Wilkinson for the Daily Mail Published: 22:00 GMT, 2 February 2021 | Updated: 22:00 GMT, 2 February 2021 Savings rates with the big banks are dire, and have been for more than a decade now. … Read more

How are Sharia banks Al Rayan and Gatehouse paying the best savings rates?

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At a time of record low savings rates, any bank actually improving the rates they pay to savers is bound to raise an eyebrow or two.  But this is especially the case when it comes to Al Rayan Bank and Gatehouse Bank, two Sharia lenders which have upped their savings rates in recent weeks and … Read more

Mrs Brown’s Boys star Brendan O’Carroll used his OWN savings to pay the tour cast

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Brendan O’Carroll has revealed that he’s used his own savings to pay the cast of the Mrs Brown’s Boys tour after the event was cancelled because of Covid-19. The actor, 65, explained how he’s given stars ‘half the money they’d make off the tour’, at a cost of hundreds of thousands of euro, in an interview … Read more