For a few fortunate sections of society, the coronavirus crisis has not led to financial insecurity. In fact, some households are finding that they have disposable income left over at the end of the month. >> Are you struggling financially because of coronavirus? If so, we have help here Those who are able to work … Read more
The nation’s savers are being offered top rates in an effort to line the Government’s coronavirus war chest. Despite interest rates plunging to record lows, National Savings and Investments (NS&I) has gone against the grain and abandoned plans to cut rewards which would have cost savers £200 million. The Treasury-backed bank says the U-turn is … Read more
A record number of savings accounts have disappeared over the last month as coronavirus shocked the savings market, new figures show. There were 180 savings accounts and tax-free Isas of all term lengths pulled from sale following a pair of Bank of England base rate cuts in March, according to research from financial information website … Read more
New tax year means those investing for their children can now benefit from a much higher Junior Isa annual allowance – £9,000 up from £4,368 By Rachel Wait, Financial Mail On Sunday Published: 21:54 BST, 18 April 2020 | Updated: 11:33 BST, 19 April 2020 Pointer: New tax year started on April 6 Thanks to … Read more
Initiative aimed at improving financial education among young children extended online in response to coronavirus school closures By Jeff Prestridge, Financial Mail on Sunday Published: 21:54 BST, 18 April 2020 | Updated: 11:30 BST, 19 April 2020 An initiative aimed at improving financial education among young children will be extended online this week in response … Read more
There’s a new bank in town with a competitive one-year fixed-rate of 1.49%… but is Allica Bank a safe spot for your cash? Its one-year fixed-rate is enough for ninth place in our savings tables It pays more than well-known names like Goldman Sachs’ Marcus The London-based bank received its licence in September 2019, and … Read more
Banks cut savings rates to the bone (again): Many savers will soon earn next to nothing on their nest-eggs Big banks like Halifax, RBS and HSBC have already announced savings rate cuts It follows successive Bank of England base rate cuts to 0.65% 0.01% works out as £1 interest a year on £10,000 of savings … Read more
Our savings picks: This is Money’s five favourite best buy cash Isas By Lee Boyce for Thisismoney.co.uk Published: 11:23 BST, 17 December 2014 | Updated: 09:24 BST, 5 April 2020 Every little helps: Savings rates might be low but at least an Isa means interest is tax-free Our assistant editor Lee Boyce picks his five … Read more
Britons are visiting supermarkets less often but spending more, and shopping at local newsagents more regularly as the coronavirus upturns the country’s usual shopping practices, banking data suggests. Transaction data provided to This is Money by digital banks Revolut and Starling, who between them have 4.25million UK customers, found newsagents like Nisa and McColl’s have … Read more
Take out loan to avoid 50% overdraft fees, says City watchdog as it admits changes will leave three in ten bank customers worse off By Hugo Duncan and Amelia Murray For The Daily Mail Published: 21:50 BST, 24 January 2020 | Updated: 10:35 BST, 27 January 2020 Families are being advised to take out loans … Read more