There has long been a ‘north/south’ divide in the UK when it comes to house prices, but it seems that there is also a geographical link between the amount of savings that British households put aside. New research from Halifax has found that people who live in the South East of England are better at [...]
High-interest savings accounts are still struggling to keep pace with rises in the cost of living, mainly because of the current rate of inflation. With precious few accounts offering inflation-busting returns, many Brits have instead stopped saving into instant-access savings accounts altogether, preferring to pay down mortgages and other debts. High interest savings accounts not [...]
5.6 million youngsters could see the returns on their savings fall from later this year after the announcement that Child Trust Fund (CTF) holders will be banned from taking out the new Junior ISA. That’s the view of many financial experts who believe that savings returns on Child Trust Fund accounts will now be reduced [...]
Millions of people with instant access savings accounts could be losing out on valuable interest by failing to compare savings accounts when their introductory bonus period comes to an end. That’s the conclusion of a recent survey from Consumer Focus which discovered that two thirds of people with an Individual Savings Account (ISA) did not [...]
Women are taking more control of family finances and are increasingly responsible for what goes in and out of bank savings accounts. That is the conclusion of a new survey which has found that the days of men making financial decisions at home are long over. More and more women compare bank accounts to make [...]
Beginning 6 April 2011, the ISA limit increases in line with the Retail Prices Index (RPI). The overall ISA allowance increases to £10,680 and half of this, £5,340, can be saved in a Cash ISA savings account. Since ISAs are one of the average consumer’s best opportunities for tax free savings, everyone should consider starting [...]
No doubt you have seen a blitz of adverts in the lead-up to the ISA deadline, which is midnight Tuesday, April 5. It is one of those classic “use it or lose it” situations. We each have a tax-free cash ISA allowance of £5,100 for the 2010-2011 tax year, and a recent MSN Money poll [...]
New research has found that there are now ten times more fixed rate ISA savings accounts than there were ten years ago. With banks ever-increasingly determined to tempt savers with the best savings accounts (it helps them generate deposits to lend as mortgages), fixed-rate ISAs have become more popular over recent years. Tenfold rise in [...]
Not all types of savings accounts are suitable for all needs. Here’s a quick guide to which savings accounts work with which savings goals. 1. Instant Access Savings Accounts These variable rate accounts make it easy to withdraw your money quickly, with an ATM or by making online transfers. Consider this type of account for [...]
What interest rate are you getting on your ISA savings accounts? According to new research, it could be nowhere near as high as you think. A recent study of ISA providers found that consumers could be losing up to £1,300 every year in interest as rates are often reduced on older Individual Savings Accounts (ISAs) [...]
