Savings News & Alerts

Written by our founders Anna and Sue

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Regular updates on the savings market

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'Is cash the best investment for me?'
24th February 2018
Author: Anna Bowes

Category: Savings News

After years of low interest rates, should you move your money away from cash. The question is, is it worth getting a financial adviser to advise you?
Spotlight on PCF Bank
23rd February 2018
Author: Anna Bowes

Category: Savings News

We are often asked for more information on various providers that are of interest to savers. In this regular series of articles, we aim to turn the spotlight on these banks and building societies to give you more information about their background and history and why they are of particular interest in today’s savings market. The provider chosen this time is PCF Bank, the winner of Best New Provider in the 2018 Savings Champion Awards.
Rates rundown: Half term results in a lack of activity, until a late flurry of best buys…
17th February 2018
Author: Anna Bowes

Category: Savings News

As is the case with most school holidays, activity has been generally slower this half term week, but there was a late flurry of new best buys to make up for it.
Seven steps to successful switching
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. *
Why it’s important not to dismiss cash ISAs
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.
What is inflation and why is it important?
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?