Surge of wealthy savers turn to platforms to spread their cash and risk since coronavirus pandemic hit in March The likes of Hargreaves Lansdown and Raisin saw a surge of interest in March That was in the immediate aftermath of dramatic stock market falls Since then platforms have continued to see interest from savers as … Read more
Economic lockdown has dealt a big blow to those fighting against the drive towards a cashless society. Payment by plastic and mobile phone has become more popular than ever. But some hardy campaigners are determined to keep cash on the high street. No one is battling more than Natalie Ceeney, author last year of an … Read more
Three months of brutal cuts to savings rates means the best cash Isa with no strings attached pays just £130 interest a year on the full £20,000 tax-free allowance. And falls in tax-free rates mean the best Isa available anywhere at the moment – a two-year fix – pays less interest than the best easy-access … Read more
More than 600 savings deals now match or beat inflation after prices rose by their lowest level in May since the 2016 Brexit referendum, but with rates at record lows the news will bittersweet for savers. The consumer prices index measure of inflation stood at 0.5 per cent in May, a four-year low and the … Read more
Savers forced to turn to National Savings and Investments after ‘devastating’ month of rate cuts By Sylvia Morris For The Daily Mail Published: 22:01 BST, 16 June 2020 | Updated: 22:01 BST, 16 June 2020 Savers are flocking to government-backed National Savings and Investments (NS&I) after suffering a ‘devastating’ month of rate cuts. In just three … Read more
Organisation set up to look at ways of keeping cash on the High Street set to reveal the communities it has selected to pilot new initiatives designed to boost consumer access to cash By Jeff Prestridge, Financial Mail on Sunday Published: 21:51 BST, 13 June 2020 | Updated: 21:51 BST, 13 June 2020 An organisation … Read more
Numismatists who snaffled the Kew Gardens 50p when it was released into circulation in 2009 and still hold onto it now could have seen the value of that ‘investment’ skyrocket over the last decade. The coin became catnip for collectors ever since the Royal Mint revealed in 2014 that it was the rarest 50p coin … Read more
Customers confused by TSB’s small print vindicated: Bank revamps terms on its £50 cashback offer and pays out to hundreds left out of pocket TSB launched a £50 cashback offer with Quidco last yearCustomers need to pay in £500 and make two transactions a month for the sum Many said the terms were unclear and … Read more
Savers abandon cash Isas as interest rates plunge and pour money into easy-access accounts By Sylvia Morris For The Daily Mail Published: 22:03 BST, 9 June 2020 | Updated: 22:03 BST, 9 June 2020 Savers are fleeing cash Isas and pouring money into easy-access accounts instead. Around £1 billion was withdrawn from cash Isas between … Read more
Nationwide, the country’s largest building society, does so many things right. Since Covid-19 brought the economy to a virtual standstill in late March, it has reassured its mortgage customers that none of them will lose their home in the next year if their household finances have been disrupted by the virus. Also, its boss, Joe … Read more