In recent months, whenever I go to refresh the This is Money five best cash Isas guide while working from home, I put my head in my hands. Rates haven’t just fallen off a cliff – they’ve somersaulted into the Mariana Trench, and are sinking so fast, it’s hard to see them bobbing back anytime … Read more
Despite Metro Bank’s tenth birthday just five months away, new chief executive Dan Frumkin didn’t appear to be in the mood for celebrations in late February. Given the job on a full-time basis just a week earlier, having run the bank on an interim basis since January, one of his first acts was to detail … Read more
Savers urged not to be fooled by tempting interest rates that will soon come crashing down By Sylvia Morris For The Daily Mail Published: 00:23 BST, 29 July 2020 | Updated: 00:23 BST, 29 July 2020 Savers are urged not to be fooled by tempting interest rates that will soon come crashing down. Some accounts … Read more
Piggy bank raid: Nearly £2m of withdrawals made by hard-up savers holding Help to Save accounts in just three months Help to Save is a government scheme which pays out a bonus to eligible savers It is designed to encourage new savers to build up a fund over a four-year period Nearly £2m was withdrawn … Read more
A decade of misery for Britain’s savers has been capped off by cuts to easy access rates which now mean that savers can get no more than £1 interest for every £10,000 saved at any of the High Street banks. Barclays has followed HSBC, Lloyds Bank, NatWest and Santander in slashing the rate on its … Read more
Club Lloyds customers to earn less interest as Britain’s biggest bank is the latest to cut current account perks Account currently pays a blended interest rate of around 1.2% on up to £5,000 This will be cut back to 0.8% from October Tesco Bank and Santander have announced cuts to their bank account perks as … Read more
An inflatable pub, a Tom Jones jigsaw puzzle, a Mr Bean cardboard cutout, a stretch rubber chicken, a star and a penny farthing are some of the unusual items Britons snapped up during lockdown. Holed up in their homes, it it clear that some Britons went to great lengths and expense to up the fun … Read more
Santander doubles the account fee for its Lite current account customers and slashes cashback perk for phone, internet and TV bills In October Santander’s cashback for 123 and 123 Lite accounts will change The monthly fee for the 123 Lite account will double from £1 to £2 Santander says changes are the result of the … Read more
Nationwide sees 84,000 people open its Start to Save lottery-style account since launching in February – with the first draw taking place yesterday There were 450 savers who won £100 in Nationwide’s first prize draw The building society introduced the Start to Save easy account earlier this year It is aimed at families and young … Read more
Parents may have suffered a financial blow but some children are set to emerge from lockdown better off than ever. Many struggling families have had no choice but to halt pocket money payments after losing their income. But others say pocket money has become a vital bargaining chip as they attempt to juggle childcare and … Read more