Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

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April's summary from the savings team
30th April 2014
Author: Dan Darragh

Category: Savings News

An interesting development this month has been the increased fixed rate offerings among a small group of providers.
Switching on the rise: 5% interest rates are just too tempting
30th April 2014
Author: Dan Darragh

Category: Savings News

More than 600,000 people have switched their current account in the last 6 months, an increase of 14% on the same period last year. This figure initially seems pretty impressive however with 46 million current account customers in the UK it’s still low in relative terms.
Sharia'a compliant savings accounts: Are they worth considering?
30th April 2014
Author: Anna Bowes

Category: Savings News

Sharia’a compliant savings accounts are increasingly part of the UK banking landscape and whilst they are designed to allow the millions of Muslims living in the UK to save money without compromising their faith, anyone can open one.
Switch My Savings Campaign - Update
30th April 2014
Author: Anna Bowes

Category: Savings News

We launched our Campaign in February to make switching savings accounts easier, because we feel that the nation’s savers need help. A rise in the base rate alone is not enough. What is desperately needed is more competition in the market to improve interest rates.
Why it's more than just interest in saving
23rd April 2014
Author: Anna Bowes

Category: Savings News

The losses recently announced by Co-op Bank will no doubt leave some savers cold, not least its members, including savers with Britannia. However, they are not the first to show signs of financial difficulty in recent years.
Are you NISA ready?
07th April 2014
Author: Dan Darragh

Category: Savings News

The Budget took many of us by surprise, none more so than the banks and building societies that now have to scramble in preparation for the new ISA rules coming into force on 1 July.