savings

Reports claim JPMorgan Chase will launch a UK savings bank

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Is JP Morgan about to launch a British challenger bank? Chase brand could head here offering savings and current accounts JPMorgan Chase is preparing to launch savings and loan products in the UK This could happen in the next few months, according to reports Sources said it would offer a wider range of products than … Read more

Number of inflation-beating savings deals falls 90% after sharp jump in CPI

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Savings bloodbath! Returns for savers are slashed as soaring inflation wipes out paltry interest rates and four of the best accounts disappear Last month 438 savings accounts beat inflation, with the CPI at 1.3% However the announced rise in inflation to 1.8% has seen this fall to 50 This is the lowest number of inflation-beating … Read more

What is Zeux: Can you trust this firm’s Tube adverts offering a 5% ‘savings’ rate?

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Eye-catching adverts for an app-based start-up called Zeux have been plastered all over the London transport network recently offering 5 per cent interest. It is billed as a ‘fixed-rate product’ and says people should not ‘accept the low saving interest rates your bank offers you’. However, despite looking like a new challenger bank – in … Read more

Meet the children with more savings than mum and dad

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Olivia Pratt may only be nine years old, but by squirrelling away birthday and Christmas gifts she has already amassed around £4,500 in savings. By contrast, after an expensive year renovating their house, her parents, Claire and Damien, have just £900 set aside for a rainy day. It may seem unusual for children to have … Read more

Hundreds of savings accounts now beat inflation as CPI falls

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Hundreds of savings accounts now beat inflation as the official rate falls to 1.3% – including 17 easy-access deals Highest number of accounts which match or beat CPI since August 2016 Figures from Savings Champion found 17 of those are easy-access deals The fall to 1.3% may mean a base rate cut could be due, … Read more

Financial Conduct Authority blasted as poodle of savings industry

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City watchdog the Financial Conduct Authority blasted as poodle of savings industry By Lucy White For The Daily Mail Published: 21:51 GMT, 10 January 2020 | Updated: 09:39 GMT, 11 January 2020 The City watchdog is under fire for allowing Neil Woodford and his business partner to cream off £14million from fees charged to savers, … Read more

Have you ‘lost’ savings, investments and pensions over the years?

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Savers often lose track of old accounts, pensions and investments over the course of a lifetime, and unfortunately a lot of this money is never claimed. Although it’s hardly the ideal scenario, this ‘dormant’ cash can at least be put to good use if its real owner doesn’t come forward. That’s the thinking behind the … Read more