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Anna Bowes is a regular contributor to the BBC’s Money Box, Breakfast and News programs, as well as the national press, providing expert analysis and commentary on the UK savings market. Anna has worked in the financial services industry for more than 20 years and for most of that time has been helping people to make the most of their savings. |
There were some interesting statistics released by the Bank of England this week, which show that we are currently paying off our debts and saving more - probably due to the real concern about the uncertainly facing us due to Brexit.
Unsurprisingly, the most popular cash homes for savers at the moment are easy access accounts and short-term fixed rate bonds – good news as these are the accounts that have seen the greatest increases to rates over the last couple of years.
🔖 Read: New Bank of England figures show savings at the end of 2018 were on the up
2018 was another record-breaking year for the equity release market, with over £3.9bn released by the over 55s.
But have you ever wondered what those who have released equity from their home use the cash for? We asked our partner Responsible Equity Release to give us some insight and to remind us that there is more than one way to make the most of your home’s value.
🔖 Read: Another record-breaking year for equity release
Last weekend we saw the disappointing news that Santander is poised to close another 140 branches – which got us thinking again about why so many people stay loyal to their high street banks, especially when it comes to their savings. So much more can be earned elsewhere.
🔖 Read: Santander announces plans to close 140 branches
Our regular Rates Rundown provides a veritable avalanche of savings info.
🔖 Read: Fixed rate accounts take centre stage
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