Savings News & Alerts

Written by our founders Anna and Sue

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Regular updates on the savings market

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What protection is in place for businesses under the FSCS?
14th May 2018
Author: Dan Darragh

Category: Savings News

The Financial Services Compensation Scheme (FSCS) is in place to protect consumers and businesses in the event that a financial institution ceases trading and is unable to meet its financial obligations.
Businesses are missing out on millions a year in interest payments
14th May 2018
Author: Dan Darragh

Category: Savings News

On average, UK SMEs have savings balances of £446,000, according to the latest research from Hampshire Bank Trust*.
Why bother with a business savings account?
14th May 2018
Author: Dan Darragh

Category: Savings News

A review of your business's cash accounts could significantly increase the interest that you could earn.
Rates Rundown: A quiet week - base rate announcement anticipation or time off after the bank holiday?
11th May 2018
Author: Dan Darragh

Category: Savings News

Whatever the reason, there’s no escaping the fact that it was a quiet week in the savings market – particularly when it came to eye-catching best buy changes.
The Bank of England sacrifices savers once again, as the base rate remains at 0.50%
10th May 2018
Author: Anna Bowes

Category: Savings News

Three weeks ago, the markets were 90% certain that there would be a base rate rise announced today (10th May). But, just as we’ve seen happen on many occasions over the last few years, that expectation rapidly fell to just 5% following a string of disappointing economic data, including poorer than expected GDP figures and a drop in house prices.
Merger talks between CYBG and Virgin Money
10th May 2018
Author: Anna Bowes

Category: Savings News

News out this week was surrounding a takeover offer for Virgin Money, from the owner of Clydesdale Bank and Yorkshire Bank – CYBG.