But while Chip is offering much more lucrative returns, it still doesn’t exceed the current market-leading easy access rate. According to Moneyfacts Best Buys, topping the leaderboard is Yorkshire Building Society’s Rainy Day Account (Issue 2) with an AER of 3.35 percent. This account offers a competitive, two-tiered variable interest rate and savers can get […]
Tag: savings
But while Chip is offering much more lucrative returns, it still doesn’t exceed the current market-leading easy access rate. According to Moneyfacts Best Buys, topping the leaderboard is Yorkshire Building Society’s Rainy Day Account (Issue 2) with an AER of 3.35 percent. This account offers a competitive, two-tiered variable interest rate and savers can get […]
Tax-free cash Isas typically pay lower rates than standard savings accounts but that is starting to change as banks and building societies compete for business. We are now in the Isa season, the time of year when Brits decide where to invest their £20,000 allowance before the annual deadline on April 5. Providers are responding […]
Savers have benefited from the Bank of England’s decision to raise the base rate 10 consecutive times in a row in the past year. While homeowners and people in debt have been straddled with hikes to their repayments, savings accounts have benefited from the central bank’s interventions when it comes to interest rates. As it […]
Monzo has confirmed the creation of its first ever Instant Access Savings Pot to help its seven million customers handle their money It is being introduced to the market with a competitive three percent AER variable interest rate for savers. This is the first savings pot of its kind that Monzo has launched which will […]
If a person earns enough to no longer claim Universal Credit, they can expect their payment to be stopped. Individuals will be told when this happens, but if their income subsequently decreases, they will be able to claim again. Universal Credit could therefore offer vital support to those with limited levels of savings. If a […]
Savers can now benefit from seven percent interest on their savings as well as an extra £175 just for switching to first direct. Customers can save between £25 and £300 a month – up to £3,600 per year. As inflation continues to grow, and bills are on the rise, any chance to make savings work harder […]
With the Bank of England Base Rate currently hitting four percent, banks and building societies are offering some of the highest interest rates seen in decades. Chase bumped up the rate on its easy access saver for the second time so far this year, but is it offering the highest returns on the market? Easy […]
High street banks Barclays, HSBC, Lloyds and NatWest continue to pay savers as little as 0.50 percent on some accounts, MPs warned last week. With inflation at 10.5 percent in the year to December, this is ravaging the spending power of people’s money. Somebody who put £10,000 into a savings account paying 0.50 percent at […]
Savvy Britons looking for the best savings accounts can now benefit from improved interest rates following recent Bank of England base rate hikes. Virgin Money’s One Year Fixed rate ISA allows savers to save up to £20,000 and has been named ‘excellent’ by experts at Moneyfacts. Commenting on the deal, Eleanor Williams, finance expert at Moneyfacts.co.uk, said: “Savers who […]