Savings

Latest predictions: When will interest rates rise?

Latest predictions: When will interest rates rise?

The industry prediction for the very first rise in interest rates has swung wildly in recent months, as the chart below shows   Photograph: CHRISTOPHER PLEDGER Curiosity costs have been stored on hold, when yet again, nowadays. The Bank Fee has been at .5pc given that March 2009, assisting borrowers…

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Most loyal savers are paid half Financial institution Fee, says regulator

Most loyal savers are paid half Financial institution Fee, says regulator

City watchdog says bank competitors in financial savings market ‘not working’ as loyal consumers get reduced curiosity prices on accounts due to the fact they do not move to a better deal   Photo: Bloomberg News Banks and developing societies are exploiting their most loyal savers with rates that regular…

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Savers get rid of out as banking institutions minimize Super Isa charges

Savers get rid of out as banking institutions minimize Super Isa charges

Savers will battle to benefit from new Super Isas as official figures show banking institutions have minimize rates by a tenth because the Budget   Photo: Alamy Savers are unlikely to benefit from putting cash into new Super Isas as official figures demonstrate banking institutions have lower costs by a…

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Virgin pays a chart-topping one.76pc on a single-yr Isa

Virgin pays a chart-topping one.76pc on a single-yr Isa

With four days until ‘super Isas’, Virgin is amid only a number of to raise costs   Photo: Alamy Challenger bank Virgin Money has upped the costs on its cash Isas, with its one particular-yr fixed charge Isa now having to pay 1.76pc and growing to the top of the…

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Super Isas: seven days to go - six essential questions

Super Isas: seven days to go – six essential questions

With 7 days until the launch of the new £15,000 super Isas or ‘Nisas’, we have received hundreds of questions. We response the 6 most widespread queries   Photo: Christopher Pledger There are just 7 days to go to the transformation of Britain’s greatest financial savings scheme, the Isa, when…

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'Good news' for Isa savers as Virgin Funds releases best buys

‘Good news’ for Isa savers as Virgin Funds releases best buys

Income MOT: Virgin Money has right now launched a selection of Isas, with its two year account having to pay a “greatest buy” charge of two.1pc   Photograph: Alamy Virgin Money has launched a assortment of new Isa goods ahead of July one, when new principles let savers to deposit…

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How to get 5pc on half of your 'Isa'

How to get 5pc on half of your ‘Isa’

Funds Isa charges are falling but the “pseudo savings account” is on the rise, with yet another 3pc deal launched final week

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Very first peer-to-peer company fails - but savers are still repaid

Very first peer-to-peer company fails – but savers are still repaid

Regulation adjustments prompt the closure of ‘last resort’ peer-to-peer lender YES-safe   A organization that lured savers by promising returns of up to 18pc has quietly shut down and returned the cash it had attracted. YES-safe is the most significant casualty so far in the “peer-to-peer” craze, in which savers…

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Which bank should I switch to?

Which bank should I switch to?

As Tesco Financial institution launches its first current account, we highlight our 5 favourite bank accounts currently on the market, based on what you want: customer support, perks, interest, loyalty or cashback   The world’s third greatest retailer launched itself into Britain’s present account market place this week – a…

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Are you covered by the £85,000 compensation limit?

Are you covered by the £85,000 compensation limit?

Our table exhibits which banking institutions and developing societies share a licence   Photo: Nadia Isakova / Alamy In January 2011 the Economic Solutions Compensation Scheme (FSCS) upped the savings compensation restrict from £50,000 to £85,000, which means anyone who has up to £85,000 (£170,000 if in a joint account)…

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