Starved savers who are desperately seeking a decent return are being targeted by fraudsters posing as genuine investment firms. Reports of investment scams soared by 45 per cent over lockdown, with 1,600 cases recorded in June, reports Action Fraud. Experts warn that an increasingly common – and convincing – tactic is for crooks to mimic … Read more
NS&I offers a ray of hope for savers as Government gives it the go ahead to raise a record £40bn this year By Ben Wilkinson for the Daily Mail Published: 22:01 BST, 21 July 2020 | Updated: 23:04 BST, 21 July 2020 Savers can expect top rates for a while still, after National Savings and … Read more
Around two in five have saved more than they usually would in recent months as a large chunk of day-to-day expenses disappeared during lockdown, a survey by Britain’s biggest building society shows. A similar number will continue with the new found savings habit, despite the dramatic drop in rates on offer from all ranges of … Read more
Having a clear-out at home can boost your finances by £4,300 By Rachel Wait, Financial Mail On Sunday Published: 21:56 BST, 18 July 2020 | Updated: 22:07 BST, 18 July 2020 Coronavirus has impacted everyone’s finances one way or another, but fortunately there are ways to give your bank balance a much-needed boost. An easy … Read more
The amount of clash splashed at supermarkets was up 26 per cent last month compared to the same point a year ago, spending data shows. However, Lloyds Bank suggests that a ‘return to normal’ for both essential and non-essential goods and services is still a long way off. With millions continuing to work from home, … Read more
We want your cash! The Government turns to Britain’s army of savers with NS&I now looking to rake in £35bn this year as it ups target by 500% in wake of coronavirus Treasury-backed bank raises financing target from £6bn to £35bn It comes as NS&I now has a number of best buy savings deals Rates … Read more
Monzo relaunches its Plus bank account with a holographic blue card and more budgeting tips – is it worth £5-a-month? The bank went back to the drawing board on a packaged account last year It initially scrapped the account just five months after it was launched It has reduced the monthly fee and focused more … Read more
Falling savings rates and rising inflation mean 100 fewer accounts beat CPI this month as the ONS reveals it ticked higher for first time this year Inflation ticks up to 0.6% in June compared to 0.5% in May Coupled with continued cuts to savings rates – 450 accounts now beat it This is likely to … 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
Savers across the country have stashed away a record £157 billion during lockdown after many day-to-day expenses disappeared. But as restrictions ease, with pubs, restaurants and non-essential shops now open, most will see their outgoings begin to creep up again as the economy starts to recover. So as you start to spend again, Money Mail … Read more