Tag: savers

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'Glimmer of hope' for Premium Bonds holders thanks to NS&I's pledge to savers

'Glimmer of hope' for Premium Bonds holders thanks to NS&I's pledge to savers

Ms Coles said: “In an average year, someone with £1,000 in the bonds will win nothing. "It’s worth knowing the chances of a win too.“While the chan [...]
'Looking on in concern' Pension savers urged to act to mitigate inflation in retirement

'Looking on in concern' Pension savers urged to act to mitigate inflation in retirement

Inflation has soared to nine percent, data showed this week, with purchasing power falling for Britons. Many who are already in retirement are now [...]
Britons urged to consider ‘better option’ for cash – Savers could be losing £800 a year

Britons urged to consider ‘better option’ for cash – Savers could be losing £800 a year

Britons are urged to consider ways to mitigate inflation’s impact on their income as money in the bank is rapidly losing value. UK consumers are le [...]
Cambridge Building Society offering five percent interest: Savers in for 'Extra Reward'

Cambridge Building Society offering five percent interest: Savers in for 'Extra Reward'

Interest on the account is calculated daily from the very first day, with savers able to open the account with a minimum of £100. The Extra Reward [...]
‘Penalises savers!’ Sunak urged to abolish 55% pension tax as Britons hit penalty early

‘Penalises savers!’ Sunak urged to abolish 55% pension tax as Britons hit penalty early

The Lifetime Allowance appears to be a hefty sum, currently standing at £1,073,100.However, it has also been frozen until 2026, dragging more into [...]
'Just got more interesting' Savers can get five percent interest rate boost on their cash

'Just got more interesting' Savers can get five percent interest rate boost on their cash

All funds, including interest, can be transferred into an account of the savers’ choosing annually. However, savers must have at least one account [...]
Pension savers could ‘benefit’ from rising interest rates – review your savings now

Pension savers could ‘benefit’ from rising interest rates – review your savings now

Pension saving is a long term endeavour, but there has been quite a bit of volatility in recent months and years. The most recent change is the Ban [...]
Pensions: Savers could be £200 better off each year with salary sacrifice

Pensions: Savers could be £200 better off each year with salary sacrifice

According to Cushon, a worker earning £30,000 a year could save £200 a year in NICs, rising to £330 if they earn £50,000.Yet despite the savings, 6 [...]
NatWest has increased interest rates again – savers can now get 3.25 percent rate

NatWest has increased interest rates again – savers can now get 3.25 percent rate

The interest rate or 3.25 percent gross p.a (variable)/3.30 percent AER p.a. (variable) applies to savings between £1 and £1,000 in the account. Th [...]
Nationwide increases interest rates – savers offered ‘highly competitive’ rate on savings

Nationwide increases interest rates – savers offered ‘highly competitive’ rate on savings

Tom Riley, the director of Banking and Savings at Nationwide Building Society, outlined why the financial institution is choosing to hike the rate [...]
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