Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

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NS&I slashes Direct ISA rate
19th July 2018
Author: Anna Bowes

Category: Savings News

National Savings & Investments this week announced that it plans to cut the rate on its Direct ISA from 1% to 0.75% from 24th September. The pop
Savers could be missing out on £4.6bn in extra interest
19th July 2018
Author: Anna Bowes

Category: Savings News

Easy access accounts are always popular, and before the introduction of the Funding for Lending Scheme (FLS), around 60% of all interest-bearing deposits were available on easy access, with the remainder held in notice and fixed term accounts. But over the years, money has poured out of the latter and even more has gone into easy access accounts.
Rates Rundown: the weather starts to cool, along with best buy activity…
19th July 2018
Author: Dan Darragh

Category: Savings News

While not reaching the heights of the last month or so, there has been a smattering of best buy activity over the last seven days – including the launch of several market-leading rates.
Banks vs Building Societies - Building societies continue to dominate the battle
17th July 2018
Author: Dan Darragh

Category: Savings News

Building societies continue to outperform banks as over 73% of building society accounts pay a higher interest rate than the base rate, compared to only 54% of accounts held with banks.
Press Review: Savings Roundup (week commencing 7 July 2018)
13th July 2018
Author: Anna Bowes

Category: Savings News

Once again, there are conflicting views in the press this week on whether a base rate rise will happen or not next month, although it seems to be more positive than negative.
Savers shunning cash ISAs could see up to 32% drop in tax-free savings
12th July 2018
Author: Anna Bowes

Category: Savings News

Whilst you can still save significant sums without breaching your personal savings allowance, as interest rates increase, holding a cash ISA may become more important.