Savings Champion

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.

It's been a rocky time for stock market investors, particularly over the last couple of weeks, as our Press Summary covers. Of course, with inflation taking a larger than expected dip in September and competition among the best buys reigniting somewhat, it is a reason for cash savers to breath a bit more easily.

🔖 Read: Lower chocolate and meat prices contribute to larger than expected drop in inflation

But what about those with other assets? What should you be doing with your investments? History shows that at times of stock market volatility, many people sell up, which might not be the right thing to do. Others spot an investment opportunity.

At Savings Champion, we can help you to make the most of your cash savings but if you need to speak to someone about how to navigate the investment minefield, especially with the Budget coming up, we can at least point you in the direction of someone who could help. Either call Claire or Leighton on 0800 011 9705, who can help you find the best person to speak to or request a free consultation here.

🔖 Read: What will the Budget deliver?

Raisin UK has added a new provider to its platform this week – a Sharia bank called QIB UK. While it’s not market leading on its own, the Raisin UK bonus can help elevate its 1 Year Fixed Term Deposit to be top of the pops.

🔖 Read: How to make a competitive rate a market leading one!

Of course, not all competition in the savings market is as it seems and RBS launched a Savings Builder account recently, which a number of media articles suggested was in competition with the Marcus by Goldman Sachs Online Saver Account. But, as one of our readers commented, there are a number of things to watch out for if you choose this account. Fall foul and you could end up earning very little.

🔖 Read: Don't be caught out by complex rules

As mentioned before, we have a new Savers' Choice award to give to the most deserving savings provider. But we can’t offer this without your help. The good news is that we’ve been flooded with reviews, which will help crown a winner. But please keep them coming.

🔖 Read: Introducing the all-new Savers’ Choice Award

Our regular Rates Rundown summarises all the week's savings news – highlighting the accounts that you might want to get access to, while you can.

Just before I go, a reminder to business owners out there that we have joined forces with our sister company ‘The Private Office’ (TPO) to bring you a seminar dedicated to business owners, ‘A whistle-stop tour of key financial planning issues for privately owned businesses’. The seminars will be taking place in Leeds and London in November, so if you are interested, take a look at the details and register here.

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