There is no shortage of wacky and innovative advice out there for savers who want to make the most of their cash. Will one of these financial ‘diets’ work for you?
Banks are going out of business - or, at least, that’s what the figures seem to suggest. At the start of 2007, there were 11,283 branches across the UK. By January 2019, this figure had halved to just 5,694.
Skipton Building Society has launched a new Cash ISA Tracker, which will pay savers 0.46 per cent above the bank base rate. The current base rate is 0.75 per cent, which means the Skipton ISA will pay 1.21 per cent in interest.
More than three quarters (76.8 per cent) of cash being held in High Street banks is being kept in low-paying instant access accounts, new data has revealed.
UK building societies have kicked off the New Year with a series of competitively-priced savings rates, in a sign that savers may finally see an end to low interest rates in 2019.
Almost one fifth (18 per cent) of Londoners have no rainy-day fund, while 23 per cent would not be able to cope with the expense of a broken boiler.
Brexit, currency wars, challenger banks and rising interest rates – according to the experts, any one of these factors could make or break your savings and investments.
Angry commuters are protesting the rail fare increases, which have once again risen higher than the top-paying savings rates
The New Year is a great time to refresh your finances. Let’s face it – most of us want to save more money, or to make our existing savings work harder.
Brexit, inflation and rate reductions – it has been another tough year for savers, but there have been a few bright spots along the way.
How can you prepare your ISA savings so that you don’t suffer the full weight of currency depreciation and market volatility?