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
A tale of two cost of living crises: Low earners buy less while high earners keep spending but saving – and one in 20 are borrowing to maintain their lifestyle Around 50% of richest two-fifths have kept buying things they’ve always bought More than half of them have put less cash aside, while a quarter … Read more
Before December gets a hold of you – the socialising, gift-buying, last-minute Christmas rush and then the ‘aagh it’s here’ moment – give yourself a present: move your savings to a better account. That doesn’t sound like a lot of fun – or particularly festive – but I reckon you’ve got just under a week … Read more
I have power of attorney for my mother, who is 93 and in a care home suffering with dementia. Four years ago I put more than £80,000 of my mother’s money in a two-year fixed rate savings bond with Investec. When the two years was up, I extended this for another two years. The bond … Read more
Now First Direct’s regular savers can earn 7% – and HSBC lets customers leave low fixed rates early for a better deal First Direct is boosting the rate on its regular savings account to 7% HSBC is upping two-year fixed-rate deal by 1.25 percentage points to 3.75% HSBC’s 12-month fixed-rate Regular Saver interest rate will … Read more
Inflation will wipe out £184billion of the UK’s cash savings in real terms this year even after interest is added, according to new research. This is double the amount ‘lost’ to inflation in 2021, and sets a new all-time record, according to research from Janus Henderson Investment Trusts. The £184billion figure is also more than … Read more
Boost for savers as popular online bank Marcus raises easy access savings and cash Isa rates to 2.5%, putting them among the best buys Online bank Marcus’ popular easy-access deals will rise from 2% to 2.5% Savers need to opt in to a 0.25% 12-month bonus rate to fully benefit The Goldman Sachs backed bank is … Read more