With a huge parliamentary majority, new Prime Minister Keir Starmer has a serious mandate to deliver the reforms set out in Labour’s manifesto. The party has been crystal clear throughout the campaign that it will prioritise economic growth and “wealth creation” in government, although details of exactly how this will be achieved or what it … Read more
Experts are urging households to ‘read’ their smart meters as soon as possible to ensure they have lower energy bills. This warning from Go. Compare Energy anticipates Ofgem’s energy price cut on July 1, which sets the maximum amount companies can charge per unit of energy and fixed costs to households with average consumption. Between … Read more
A new trend is taking hold among savers, banking industry insiders tell me – and it’s one I approve of. Savers are finally holding on to their money longer to grab top rates before they disappear. Since fixed rate bonds and Isas came back into the spotlight a few years ago, the one-year version has … Read more
By Sylvia Morris Updated: 5:00 PM EDT, June 25, 2024 A new trend is taking hold among savers, banking industry insiders tell me – and it’s one I approve of. Savers are finally holding on to their money longer to grab top rates before they disappear. Since fixed rate bonds and Isas came back into … Read more
Savings accounts have become the product of choice for those trying to beat inflation. (FG Trade via Getty Images) British households are always looking for ways to make their money grow further amid the cost of living crisis, and savings accounts can help. After years of low interest rates, high-yield savings accounts are having a … Read more
Experts are reminding bank customers to grab the best savings deals available as several accounts offer accounts with interest rates above six percent. Savers have benefited in recent years from the Bank of England’s decision to increase the base rate charged by major banks and building societies to their customers. Rachel Springall, financial expert at … Read more
Experts are reminding Brits of the seven ‘tricks’ that could significantly boost their pension savings in the coming years. Increasing pension contributions, using ISAs and taking advantage of tax benefits, including when it comes to capital gains tax (CGT) and inheritance tax (IHT), are among the recommendations. Here’s a full list of the seven “tricks” … Read more
Bank customers are reminded to ‘watch’ the interest rates on their savings accounts. Experts from Moneyfactscompare have put together a list of the best savings accounts for this week. The Bank of England’s base rate has held rates at a 16-year high since it was raised to 5.25 percent last August GB NEWS Rachel Springall, … Read more
The five biggest banks pay an average of just 1.69% on £10,000 of easy access loans This remains no less than 1.43% behind the rest of the market average Despite new rules requiring them to offer savers ‘fair value’ Britain’s five biggest banks are still failing to offer competitive savings rates despite the Financial Conduct … Read more
National Savings and Investments (NS&I) has increased interest rates on its Direct Saver and Income Bonds accounts and launched a new issue of their UK savings bonds. With the Bank of England’s base rate expected to remain at its current level of 5.25 percent for a little longer, savers can still benefit from high interest … Read more