Not that interested: savers short-changed on rate hikes
The Bank of England has been looking at the impact of its regular interest rate increases since December 2021, with analysis revealing savers are being short-changed.
Cash
Bank deposit protection set to rise?
The recent problems in the banking world have sparked concerns that the current maximum protection for bank deposits – £85,000 – is well overdue for an increase.
Cash is not what it used to be
As the Bank of England withdraws the old £20 and £50 paper notes on 30 September, more and more people are using cards as their primary payment method.
Looking after your pennies
With inflation at record highs and outstripping wage growth, make sure you are not wasting your money. Here are some ways to help keep your money where it belongs.
Lessons from rising inflation and interest rates
As 2021 drew to a close, inflation finally forced the Bank of England’s hand with interest rates set to peak in April – but what does that mean for your savings, spending and insurance?
Are you holding too much cash?
The regulator has warned cash savers that they face the risk of wealth erosion due to inflation. Are you holding too much cash?
National Savings goes green
National Savings & Investments has announced details of a new green savings product.
Four financial lessons from the Covid-19 pandemic
Four important financial lessons from the Covid-19 pandemic.
Losing interest in cash ISAs
The popularity of cash ISAs is continuing to wane, according to new statistics from HMRC. With inflation persistently above interest rates, it’s not hard to imagine why.
Cash ISAs losing favour
New statistics from HM Revenue & Customs (HMRC) show that cash withdrawals from individual savings accounts (ISAs) are probably more than matching fresh contributions.