Personal Finance NewsCharter Savings Bank continues to extend its support for savers with the launch of market-leading bond rates. It is raising rates for its 1 Year and 18 Month Bonds by up to 0.09%, further enhancing options for savers across its range, and making them as much as 0.19% higher than at the start of the […]
Households on a range of fixed energy deals coming to an end this month risk price hikes of up to £414 – a staggering 54% a year – according to uSwitch.com, the price comparison and switching service. Seven suppliers have 16 popular fixed deals expiring on 30 April, after which their customers will be rolled […]
A new study has revealed the growing tendency of older people, and in particular women, to frown at the thought of entrusting their money to financial organisations.* The study, by Saga Investment Services reveals that the problem rests with the notion amongst the over 50s that financial companies deliberately complicate issues, with a quarter confessing […]
Sainsbury’s Bank is launching mortgages especially designed and developed for the Sainsbury’s customer. The bank will offer residential home purchase mortgages and remortgages for first time buyers, lending into retirement for certain customers and for the self-employed, across the whole of the UK. The range of fixed and variable rate products offers flexible features that allow overpayments, underpayments, […]
Does it annoy you that your bank doesn’t pay you interest when you’re in the black, or that it charges you the earth if you go slightly overdrawn? – If the answer’s yes then maybe it’s time to up sticks and sign up for a more suitable bank account. With the official Current Account Switch […]
M&S Bank research reveals that more than a quarter (26 per cent) of those with a garden shed admit to leaving it unlocked, with nearly one in five (17 per cent) saying they never secure it, despite the contents of a typical shed being valued at £567. Nearly a fifth (19 per cent) of respondents revealed […]
Cautious over-55s are putting hard earned pensions at risk by ignoring inflation and placing money in cash, Fidelity International’s Class of 2015 research reveals. Two years since the pension freedoms began, Fidelity spoke to people who had accessed their pension since April 2015 to see how this group had made use of the new flexibilities; particularly […]
A year on from the launch of the Personal Savings Allowance (PSA) only one in six adults have started to save or increased the amount they save, new research* for the Nottingham Building Society (The Nottingham) shows. Its study found that only 17% of adults have taken advantage of the new rules with around two-fifths […]
Savers have been so desperate to find a decent return on their nest egg that many have, in recent years, made use of generous ‘in credit’ rates available on bank current accounts. When Tesco Bank announced in February this year that it was guaranteeing the 3% interest rate on the first £3,000 on its bank account […]