Savings News & Alerts

Written by our founders Anna and Sue

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Regular updates on the savings market

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Virgin Money bought by CYBG
20th June 2018
Author: Dan Darragh

Category: Savings News

Following a period of negotiation, the expected takeover of Virgin Money by the owners of Clydesdale Bank and Yorkshire Bank (CYBG) has now been agreed, creating the sixth largest bank in the UK.
Inflation holds steady at 2.40% - apparently!
15th June 2018
Author: Anna Bowes

Category: Savings News

Following a steady decline and last month's 13-month low, several commentators were predicting a rise in CPI inflation for May, but it has remained unchanged at 2.40%.
Press Review: Savings Roundup (week commencing 9 June 2018)
15th June 2018
Author: Anna Bowes

Category: Savings News

Apart from the reduction to the maximum allowed into the NS&I Guaranteed Income and Growth Bonds, this week’s savings news has surrounded the questions about what will influence the next base rate decision.
Rates Rundown: The World Cup kicks off this week, as competition in the savings market moves steadily along, rather than bursting into life
15th June 2018
Author: Dan Darragh

Category: Savings News

While many (though not everyone!) will be focusing on the Three Lions over the coming weeks, it is the single lion featuring in Shawbrook Bank’s logo that has perhaps put a smile on savers’ faces this week.
NS&I slashes maximum deposit limit on Guaranteed Income and Growth Bonds
12th June 2018
Author: Anna Bowes

Category: Savings News

NS&I slashes the maximum deposit limit on its popular Guaranteed Income and Growth Bonds by a whopping 99 per cent - but better rates can be found elsewhere.
Atom Bank launches best one year fixed rate bond
08th June 2018
Author: Anna Bowes

Category: Savings News

This week Atom Bank launched a new 1 Year Fixed Saver paying 2.05% gross/AER – stretching further ahead the nearest rival, OakNorth Bank paying 1.87%.