Savings

New bank launches 'best buy' savings account

New bank launches ‘best buy’ savings account

Funds MOT: Paragon Financial institution, which launched earlier this 12 months, is giving a new account having to pay an remarkable charge of one.9pc   Photograph: GETTY Paragon Bank, which launched in February this year, is competing for top location in the financial savings market place with a new 120…

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Welcome information - your Isa price has been reduce

Welcome information – your Isa price has been reduce

It is counter intuitive, but a move by Barclays to ditch its ‘zombie’ Isas and reduce rates for one.six million will pay out dividends in the long-term, says James Daley   Photo: PA It is challenging not to think that issues really are modifying at Barclays. I wrote a few…

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Banks proceed to cull super Isa costs

Banks proceed to cull super Isa costs

More than a dozen major providers have cut their cash Isa rates, leaving millions of customers out of pocket An estimated 24 million adults, about half the adult population, hold an Isa   Photo: Alamy Around 1.6 million Barclays customers will see their Isa interest rates cut from November after…

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'Building society lower my savings charge from 2.7pc to .1pc without telling me'

‘Building society lower my savings charge from 2.7pc to .1pc without telling me’

A reader was dismayed to uncover her income accruing just .1pc curiosity in a cost savings bond, when the account had previously paid two.7pc. She insists she wasn’t told of the charge alter   I am in discussions with Cheshire Building Society concerning a fixed-fee bond that matured some 7…

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In excess of-55s forced to use residence equity to shell out off debts

In excess of-55s forced to use residence equity to shell out off debts

Proportion of men and women asking for a lump sum up front when they tap into the value of their property has risen sharply, suggesting their pensions no longer support them   Photograph: Howard McWilliam An increasing amount of pensioners are getting to income out on the worth of their…

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Would you fix savings for 10 years at 4pc?

Would you fix savings for 10 years at 4pc?

Money MOT: A new bond pays 4pc a year for a decade. The value all depends on when rates will rise   Photo: Alamy Savers are being offered 4pc annual income in exchange for locking their money away until 2024. The bond from Leeds Building Society has been introduced “in…

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Premium Bonds prize pool increases by 52,000

Premium Bonds prize pool increases by 52,000

From subsequent month the variety of Premium Bonds prizes will increase by 52,000   There will be much more Premium Bonds winners from next month as the amount of prizes handed out is set to improve. Government-backed National Financial savings &amp Investments, which delivers the bonds, announced the tax-totally free…

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The ten ideal cash flow funds to weather the dividend drought

The ten ideal cash flow funds to weather the dividend drought

The sturdy pound is hitting dividends, but there are still great earners. Here we name the top 10 earnings funds for Isa savers

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'I have 3 Isas, can I top up each and every 1 with £5,000?'

‘I have 3 Isas, can I top up each and every 1 with £5,000?’

Inquire an professional: A reader asks if she can prime up 3 current Isas with £5,000 every, to use up the complete £15,000 allowance   Photo: Alamy If I presently have 3 distinct Isas – one with Barclays, one with Nationwide and one particular with Halifax, can I top each…

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Pension savers to get 'free, impartial' advice

Pension savers to get ‘free, impartial’ advice

Savers will begin obtaining cost-free, independent pensions tips from next year, the Government has promised   Photograph: Alamy Millions of people will be offered free of charge and impartial suggestions on how to invest their pensions underneath the Government’s flagship reforms, the Government has promised. This is a key part…

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