Savings News & Alerts

Written by our founders Anna and Sue

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Regular updates on the savings market

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Lower Inflation: A double-edged sword for Savers
07th March 2014
Author: Dan Darragh

Category: Savings News

As inflation continues its downward spiral, savers may be encouraged as more savings accounts now make a real return when taking into account tax and inflation. However, with inflation seemingly under control, the Bank of England is now under less pressure to increase interest rates.
What is the point of a Cash ISA?
07th March 2014
Author: Anna Bowes

Category: Savings News

With the outlook seemingly bleak, savers are asking whether using their cash ISA allowance is worthwhile, especially when there are high interest rate current accounts that pay better interest, even after basic and higher rate tax has been deducted.
This week marked the 5th anniversary of the Bank of England base rate falling to 0.50%
07th March 2014
Author: Anna Bowes

Category: Savings News

Who would have ever predicted that not only would interest rates fall to a record low of 0.50%, but that we'd still be here 5 years on. This, added to the introduction of the Funding for Lending Scheme in July 2012 have meant a disastrous and unprecedented situation for savers.
Santander shows its ISA hand
06th March 2014
Author: Anna Bowes

Category: Savings News

This is the one we’ve been waiting for. The launch of the Santander Cash ISAs is usually an indication of how the ISA season will progress. Unfortunately, this year it has confirmed our fears that providers’ appetite for savers cash remains limited and even the ISA season is not going to improve that – especially for easy access savers.
This is a local ISA, for local people....
17th February 2014
Author: Anna Bowes

Category: Savings News

[Please note this article has been updated since it was originally published]Yet another best buy ISA is made available to locals only. The Mansfield building society cash ISA is now only available to those savers who live in Nottinghamshire, Derbyshire or South Yorkshire or have been an existing member of the Mansfield building society for three years continuously, a change that happened early last month.
Cream of the UK savings industry recognised in the first ever Savings Champion awards
31st January 2014
Author: Dan Darragh

Category: Savings News

Savings Champion is proud to unveil the list of winners and highly commended for its first ever Annual Awards.We’re delighted to recognise the key players in the savings market in what has been an extremely challenging 12 months for savers.