Shawbrook Bank has today launched the top one-year fixed rate bond deal, paying 5.06 per cent. It overtakes SmartSave Bank’s 5.01 per cent deal which previously topped This is Money’s independent best buy savings table. Someone stashing £10,000 in Shawbrook’s account can expect to earn £506 of interest after one year. Savers who opt for Shawbook’s … Read more
Fixed-rate savings surge: Interest on the typical one-year bond hits a 15 year high with new 4.66% best buy paying MORE than the top five-year deal Average one-year fix now pays 3.9%, up from 1.08% a year ago The best deal pays 4.66%, which is more than savers can get on a five-year fix Bank … Read more
HSBC becomes first bank to agree to delay closure of a last branch in town until alternative banking arrangements are in place By Jeff Prestridge, Financial Mail on Sunday Published: 21:51 BST, 25 March 2023 | Updated: 18:13 BST, 28 March 2023 HSBC has become the first bank to agree to delay the closure of … Read more
Record £330million prizes will be paid to Premium Bonds winners this month… as lucky savers have now won £25billion since first draw in 1957 March’s draw will see a record £330million payout to lucky savers This is thanks to the rise in the prize fund rate to 3.3% March’s £1 million jackpot winners are from … Read more
Premium Bond savers are set for better payouts after National Savings & Investments (NS&I) raised its prize fund to 3.15 per cent starting from its draw next week. This marks the fourth rise in the Premium Bond prize fund since interest rates started to climb just over a year ago. The latest rise means an … Read more
Savers with some of the very first National Savings and Investments Premium Bonds have won Ombudsman cases, as successful customer complaints doubled. One woman with a 1960 Premium Bond was told she was never the rightful owner, while another customer saw NS&I delete his late grandmother’s Premium Bond and order him to repay £2,500 of prize … Read more
HSBC to pull its £200 bank account switching offer: New joiners have only a few days left to sign up and bag themselves a Christmas cash bonus Switchers need to submit their application by 11:59pm on Thursday The £200 offer was launched on 7 November Switchers need to apply for either an HSBC Premier or … Read more
Premium Bonds boost! NS&I adds an extra £80MILLION to the pot from January but can the new 3% rate now beat the top savings deals? There will be more than three times as many prizes worth £100k, £50k and £25k Overall odds stay fixed at 24,000 to 1 but savers more likely to scoop a … Read more
NS&I sees a £600m dip in new savings account deposits… but Premium Bond sales continue to grow NS&I pulled in just £172 million in October from interest-earning accounts This is less than one-tenth of the £1.8 billion that flowed in during August However, in October, savers still put a further £207 million into Premium Bonds … Read more
Building societies are struggling to cope with a huge demand for new accounts from savers hunting for better returns on their nest eggs. The five biggest societies — Nationwide, Coventry, Yorkshire, Skipton and Leeds — together hold some 90 per cent of the money in the 43 societies. They have all seen a huge increase … Read more