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News
Premium Bonds customers urged to read up on 'most overlooked' holdings rule
14+ hour, 46+ min ago (651+ words) Premium Bonds holders have been urged to bear in mind a key rule that applies to any customers' holidings. A financial expert warned this key figure is "one of the most overlooked aspects" of how the savings schemes works. With…...
Bank raises interest rate on savings account to 'highly competitive' 4.95%
1+ day, 6+ hour ago (395+ words) Investec Save has hiked the rate on its 2-Year Fixed Rate Saver to a "highly competitive" 4.95% AER. The bank is already offering what it describes as one of the "market-leading" rates on a 3-Year Fixed Rate Saver, paying 5.00% AER. It…...
Major Premium Bonds shift for users 'caused by ISA rule change' - expert
1+ day, 7+ hour ago (852+ words) A money expert has issued a Premium Bonds warning after prize chances were increased - with new ISA rules sparking the change. Savings giant NS&I (National Savings and Investments) said the odds will shorten to 21,000 to one, from 22,000 to one…...
Credit card 'mistake' made in late teens 'can cause problems for years"
2+ day, 8+ hour ago (432+ words) Young people are leaving school without understanding how credit cards work or how mistakes made in their late teens can potentially affect their money for years, a financial adviser has warned. He said: "I'll show them all the things they…...
Bumper new savings account offers 4.85% - top big name account
3+ day, 9+ hour ago (309+ words) A Treasury-backed savings provider has launched new fixed-rate savings accounts with rates of up to 4.85%. National Savings and Investments (NS&I), is the "only savings provider that secures 100% of your savings, over £120,000", as they're guaranteed by the UK Government. It means…...
Britons with £8,099 in savings issued urgent warning after change
3+ day, 10+ hour ago (868+ words) Britons have been urged to review their savings rates – as they could effectively be haemorrhaging money. If your savings provider is not delivering at least the current inflation figure of 2.9%, your funds are being steadily eroded, according to financial experts....
'Cheaper than fixed rate' mortgage deals 'become more popular"
4+ day, 5+ hour ago (204+ words) Since this week’s inflation data, swap rates, which are used to price fixed-rate mortgages, nudged up slightly, reinforcing the view that further material rate cuts by lenders might be off the cards for now. Mortgage expert Jamie Elvin, director of…...
Parents change back to school shopping habits because of cost
5+ day, 9+ hour ago (255+ words) Most parents compare prices online before committing to a purchase - with a third claiming it helps them save on back-to-school shopping, according to a survey. 60% of mums and dads do their price comparison homework before doing the back-to-school shop, with…...
Building society launches???market-leading??? savings account with 4.91% interest rate
6+ day, 4+ hour ago (338+ words) Scottish Building Society has launched a new fixed-rate savings account with a "hefty" interest rate. Scottish BS announced on Thursday (August 20) that it's 2-Year Fixed Rate Bond is now available with a 4.91% rate. There are two to choose from depending…...
Building society launches ‘market-leading’ savings account with 4.91% rate
6+ day, 4+ hour ago (338+ words) Scottish Building Society has launched a new fixed-rate savings account with a "hefty" interest rate. Scottish BS announced on Thursday (August 20) that it's 2-Year Fixed Rate Bond is now available with a 4.91% rate. There are two to choose from depending…...