moneysaving

Number of savings accounts that beat the current 1.5% inflation level falls by a fifth as banks slash their rates in the run-up to Christmas Inflation remained at a three-year low of 1.5 per cent in the year to November  Number of savings accounts that pay more has fallen from 224 last month to 181 … Read more

Money Mail figures today reveal just how stingy Britain’s biggest banks have been this year. Savers will be rewarded with just 20p for every £100 they put into a cash Isa in 2019, our research shows.  The worst offenders are the Halifax Instant Isa Saver and Santander Easy Isa accounts which both pay paltry interest … Read more

Goldman Sachs wields the axe again on popular Marcus account with rate cut to 1.35% for new savers By Sylvia Morris For The Daily Mail Published: 21:50 GMT, 17 December 2019 | Updated: 21:50 GMT, 17 December 2019 Goldman Sachs has cut the rate on its Marcus account to 1.35 per cent for new savers … Read more

Could you receive a Christmas bonus from TSB? Bank offers extra redress to those who fell victim to its IT fiasco last year out of the blue Around 2m people were locked out of online banking in April 2018 Those who complained received compensation at the time Some report being sent letters out of the … Read more

Our savings picks: This is Money’s five favourite best buy cash Isas By Lee Boyce for Thisismoney.co.uk Published: 11:23 GMT, 17 December 2014 | Updated: 13:07 GMT, 17 December 2019 Every little helps: Savings rates might be low but at least an Isa means interest is tax-free Our assistant editor Lee Boyce picks his five … Read more

Revealed: Just one in 20 low income workers entitled to free government money via a special savings account are taking advantage of it Figures released by the taxman this week found 2.85m eligible for tax credits This makes them eligible for Help to Save – which tops up savings by 50% with free money from … Read more

Savers who back Neil Woodford-style funds face crackdown on withdrawals under Bank of England proposals By Lucy White For The Daily Mail Published: 21:50 GMT, 16 December 2019 | Updated: 22:58 GMT, 16 December 2019 Investors in Neil Woodford-style funds may have to wait or accept a discount if they want to pull their money … Read more

Starling Bank follows rival Monzo in raising overdraft charges for those with bad credit scores – but capped at a lower 35% Currently Starling Bank customers pay a 15% flat fee for borrowing Some will still be offered this but others could see the rate raised to 25% or 35% Monzo also revealed that borrowers … Read more

Let’s face it, long-suffering savers don’t get much in the way of rewards for their efforts at present. That makes it now more important than ever to avoid the tax man skimming some off the top.  Cash Isas are arguably still one of the best long-term tools to do so – these are savings accounts … Read more

Bank of England’s verdict on whether lenders are equipped to deal with economic shocks due to be revealed By Daily Mail City & Finance Reporter Published: 00:00 GMT, 16 December 2019 | Updated: 08:39 GMT, 16 December 2019 The Bank of England will today publish results of stress tests that examine how prepared lenders are for … Read more

Challenger bank Metro bucks the trend with new cash drop-off service for small businesses The service is for firms struggling as a result of the closure of banks and ATMs Firms will be able to use a mobile phone app to order the amount and day they wish to have money collected or dropped off … Read more

Monzo hikes overdraft fees for those with lower credit scores as some could pay up to 39% annual interest Monzo customers with lower credit scores will face higher overdraft fees It will ditch its 50p daily charge and instead bill customers on a sliding scale Those who go into the red will be charged annual … Read more