Poor savings rates but you can do better

Savers are genuinely concerned about a possible rate cut from the Bank of England’s Monetary Policy Committee, but many savers are already stuck in poor-paying accounts that would struggle to see interest rates cut any further than they have been. HSBC and First Direct are two of the worst performers, with HSBC’s Flexible Saver paying […]

13 July 2016 by Anna Bowes

insight

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Has the Personal Savings Allowance sounded the death knell for the cash ISA?

There are already signs that the impending Personal Savings Allowance (PSA) may have put the death knell for the cash ISA. As we near the start of the official ISA season, when providers used to launch their leading ISA deals, things already looking bleak. Following last years ISA season, one of the worst we’ve known since ISAs […]

17 February 2016 by Anna Bowes

Savings Rates

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Tesco goes to the top of the one year fixed rate Isa table

The last few weeks have seen a flurry of improved fixed rate cash ISA deals hit the market and various new entrants to the best buy tables. August had already seen new market leading rates launched by Holmesdale Building Society (1.75% for 1 year) and Leeds Building Society (2.30% for 3 years) and there have been even more […]

25 August 2015 by Anna Bowes

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How funding for lending halved savings rates

It’s no secret, the Funding for Lending Scheme, which came into operation in August 2012, has been devastating for savers. The scheme was launched with the intention of stimulating the housing market but its knock on effects meant that providers no longer looked to savers to fund their loan books and in fact retracted from the savings market. Best buy […]

3 August 2015 by Anna Bowes

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Paragon Bank sweeps the best buy rates

This week, there is yet more positive news for those looking to open a new account, as a group of new market leading and best buy fixed rate accounts hit the market. One of the key improvements this week was from Paragon Bank, launching market leading 2 year (2.34%) and 3 year (2.66%) fixed rate bonds. […]

28 July 2015 by Anna Bowes

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Great rates for new savers, but existing account holders need to be alert to falling rates

This week providers have been taking with one hand and giving with the other. The positive news for savers keeps coming as yet more best buy accounts hit the market and the Savings Champion Index saw its largest weekly increase since April 2013. However, this news has been tempered by the continuing slashing of rates, […]

21 July 2015 by Anna Bowes

Expert Opinion

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Best fixed rate and notice accounts in years

After years of plummeting savings rates, recent weeks have seen some really positive signs in the market. Last week best buy 1 year fixed rates bonds hit their highest level since 1 August 2013 and this week, notice accounts have followed suit paying rates not seen since June 2013. It’s no surprise that the rates […]

15 July 2015 by Anna Bowes

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Don’t wait too long to pick up the rates from the challenger banks

United Trust Bank has launched new versions of its 18 month and 1 year fixed rate bonds, with increased rates from the previous versions. The 18 month bond has improved from 2.00% to 2.05% gross/AER and the 1 year bond from 1.90% to 2.05% gross/AER. Last week began with this eye-catching improvement, resulting in the […]

7 July 2015 by Anna Bowes

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The battle of the challenger banks is heating up

The battle of the Challenger Banks is hotting up, where would we be without them? The fierce competition between the providers is great news for beleaguered savers and we hope that it will continue, with more market leading rates to come. Here is a rundown of what has been happening in recent weeks: We have seen […]

1 July 2015 by Anna Bowes

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Vanquis Bank ups the rates on its 1,2,3,4 and 5 year bonds to dominate the longer term market

Vanquis Bank has launched new versions of its 1, 2, 3 and 5 year fixed rate bonds, offering higher interest rates than the previous versions. The 1 year fixed rate bond now pays 1.86% (the previous version was 1.61%), the 2 year bond is paying 2.11% (the previous version was 1.76%), the 3 year bond […]

23 June 2015 by Anna Bowes

News

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