Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

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Is your account paying 0.01%?!
25th August 2016
Author: Anna Bowes

Category: Savings News

Unbelievably we're seeing providers chopping rates to as low as 0.01% or even 0% following the cut in the Bank of England base rate. With thousands of new rate changes coming through and more still to come, it'll be a few weeks yet before we have the whole picture. However, with many well-known providers, including Barclays and Santander, cutting rates to the bone, you don't have to wait to move your money if you're getting a bad deal.
Latest rates rundown - Time to ditch Santander's 123 account?
25th August 2016
Author: Anna Bowes

Category: Savings News

What a month it’s been. As providers continue to react to the cut in the Bank of England base rate earlier in the month, there has been little in the way of positive news for savers, with lots of best buy accounts disappearing from the best buy tables and lower versions of accounts being launched in their droves. So don't hang around if you see an account you want.
Help to Buy ISA confusion?
25th August 2016
Author: Anna Bowes

Category: Savings News

The 25% bonus added to the popular Help to Buy ISA on the purchase of a property with a mortgage for first time buyers, was never designed to be used towards the exchange deposit, it has emerged this week.
This weeks savings rate rundown
04th August 2016
Author: Anna Bowes

Category: Savings News

As uncertainty continues in the wider economy with today's cut in the Bank of England base rate, as well as the potential impact that the Brexit vote will have in the future, it is perhaps little surprise to see a lack of positive activity amongst savings providers
Bank of England cuts interest rates to 0.25%
04th August 2016
Author: Anna Bowes

Category: Savings News

n a disappointing move, the Bank of England (BoE) has today decided to cut rates for the first time since 2009, as there is now a clear need for the bank to act to stimulate the economy.
Negative Interest Rates?
04th August 2016
Author: Anna Bowes

Category: Savings News

It has been suggested that RBS/NatWest could charge its business customers negative interest rates – which would effectively mean you paying the bank to hold your money – which has caused consternation and highlighted just what a bad deal many businesses are currently getting from their banks.