Savings News & Alerts

Written by our founders Anna and Sue

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Regular updates on the savings market

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The Budget – a Savings Revolution
20th March 2015
Author: Anna Bowes

Category: Savings News

The chancellor hailed a savings revolution in the Budget with key changes to support savers. Following last year’s Budget to reward savers, this year it was all about the radical changes to encourage us to save. Vote winning exercise it may be, but it’s certainly bringing some much needed positive news to the savings landscape.
Savers sacrificed for historically low mortgage rates
20th March 2015
Author: Anna Bowes

Category: Savings News

News that fixed rate mortgages hit new low levels is great news for homeowners (see how you can benefit below), but more bad news for savers. To add to savers concerns, David Cameron has pled
Savings rate rundown 9 March 2015
09th March 2015
Author: Anna Bowes

Category: Savings News

Latest challenger bank is introduced with best buy rates and has the ISA season finally got into full swing? Here's the latest savings news and best rates roundup
Happy Anniversary? 6 years of record low rates
05th March 2015
Author: Anna Bowes

Category: Savings News

Thursday 5 March marks the 6 year anniversary of the Bank of England base rate falling to a record low 0.50%. A time when savings rates of around 3% were still achievable and continued to be so until the second blow came in the form of the Funding for Lending Scheme (FLS) in August 2012. There is some encouraging news however. The recent FCAs Cash Market Study has recognised that there are issues within the market and hopefully some of its proposals will make steps to encourage more competition.
Hall of shame - Cash ISAs to ditch and switch
05th March 2015
Author: Anna Bowes

Category: Savings News

As we approach the end of the tax year we wait to see what tempting Cash ISAs the banks and building societies might offer up for one of the busiest savings periods of the year. While many savers will be looking at how to invest their current tax years ISA allowance, many existing Cash ISAs will be languishing in accounts paying derisory rates.
The rise of savings simplification
19th February 2015
Author: Dan Darragh

Category: Savings News

The increase in the number of providers simplifying their savings ranges will be a relief to some but a disappointment to many. This year sees heavyweights Lloyds and Halifax joining the likes of Barclays, Santander and NatWest in reducing the number of ‘legacy’ savings accounts.Since 2013, 13 providers have simplified their savings range and a massive 711 accounts have been reduced to just 114.