Next month 55,000 teenagers will get access to Gordon Brown’s freebie trust fund cash: Is your child sitting on a £50,000 windfall? By Amelia Murray And Sylvia Morris For The Daily Mail Published: 22:27 BST, 25 August 2020 | Updated: 22:27 BST, 25 August 2020 From next month, teenagers will receive a windfall worth as … Read more
Metro Bank joins the renewed current account bribe battle: It launches refer a friend bonus which could see existing customers earn up to £250 The bank will pay existing customers and up to five friends £50 each They must switch using CASS and pay in £500 for two months It is the second current account … Read more
Many Britons have managed to squirrel away extra cash during lockdown, perhaps saving on commuting costs, going out and memberships they no longer needed, according to numerous reports in recent months. But now that pubs, restaurants and cinemas are opening up once more, households may find it difficult to stick away the same amount of … Read more
Zopa now offers savings accounts as the new bank launches its first fixed-rates: How do they stack up to the competition? Peer-to-peer lending platform Zopa was granted a banking licence in late June It has launched fixed-rate accounts with credit cards coming soon More competition in the savings market is good news for savers, with … Read more
Last week, I asked savings expert Anna Bowes if she could come up with five tips to ensure savers don’t fall victim to paltry savings rates of 0.01 per cent or below. She went one better and offered six. ‘Don’t leave your cash with Barclays, NatWest, Lloyds, HSBC, Halifax or Santander,’ she said. I laughed … Read more
The number of savings accounts that now beat inflation have dropped four fifths thanks to a surprise rise in the cost of living. Inflation jumped to its highest level for four months in July, with the Consumer Price Index increasing from 0.6 per cent to one per cent, according to the Office for National Statistics. … Read more
Already pitiful savings rates have been slashed by nearly TWO THIRDS during the coronavirus pandemic and continue to set record lows Average savings rates have been slashed for the fifth consecutive month Coronavirus pandemic has seen fewer savings options available Easy-access accounts tumbled from 0.56% in March to 0.22% this month By Grace Gausden For … Read more
Child savers are missing out on £3 million a year after High Street banks took the axe to Junior Isa rates. Families poured about £555 million into cash Junior Isas (Jisas) last year. But the average rate is now down to 1.91 per cent from 2.46 per cent in January, according to data firm Moneyfacts. … Read more
Banking customers unable to visit a branch are being forced to wait for hours on the phone, a Money Mail investigation reveals. It is the latest blow for customers struggling to get a basic banking service in the pandemic, thanks to heavily restricted hours at High Street branches. Lloyds and NatWest have also paused or … Read more
More green shoots have appeared in the savings market as the recent revival in fixed-term savings rates has continued over the last week. Challenger banks have continued to increase their rates on short-term fixed-rate deals while best buy tax-free Isas have also been launched. Experts said the presence of Treasury-backed National Savings & Investments at … Read more