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16th February 2018
Author: Anna Bowes

Category: Savings News

Savers could be missing out on £billons in interest by not switching. Almost all adults in the UK (93%) have a cash savings account, but with many put off switching accounts because of the expected hassle and low perceived gain, 80% of easy access accounts have not been switched in the last three years. *
16th February 2018
Author: Anna Bowes

Category: Savings News

A cash ISA used to be the obvious first choice for all savers, as the interest earned is tax free. But, much has happened over the years, in particular the introduction of the Funding for Lending Scheme (FLS) in July 2012 - which prompted best buy cash ISA rates to fall by over 50% - and the Personal Savings Allowance (PSA) in April 2016.
10th February 2018
Author: Anna Bowes

Category: Savings News

The Consumer Prices Index (CPI) inflation rate for Decmber 2017 fell by 0.10% to 3% but it’s nearly double what it was in December 2016, when it stood at just 1.60%. The January 2018 inflation figures will be released next Tuesday – 13th February.Statistics like this are always in the media but what does it mean and why is inflation so important?
09th February 2018
Author: Anna Bowes

Category: Savings News

Although the week started off slowly with few accounts hitting the best buy tables, the end of the week saw a burst of activity.
09th February 2018
Author: Anna Bowes

Category: Savings News

The deadline for transferring your Help to Buy ISA into a Lifetime ISA is rapidly approaching. The window is closing on 5 April 2018, after this date you will not be able to transfer your Help to Buy ISA without the proceeds counting as part of your Lifetime ISA allowance, so you may not be able maximise the 25% bonus offered.Having said this, transferring may not necessarily be the right thing to do. Read on to get the information you need to help you make the right decision.