Regular savings
First Direct doubles interest on regular saver to 7% – here's how to get the new rate
First Direct is doubling the interest rate on its regular savings account from 3.5% to 7% on Thursday 1 December. It's the highest rate we've seen on this type of account since 2012. But there are a few catches – here's what you need to know.
29 November 2022
Chip to charge for autosaving in October - but free alternatives are available
Savings app Chip will start charging customers with its standard free account for certain features, including its popular 'auto-saving' function, from 12 October 2022. Below we explain what's happening and the alternative accounts to consider.
5 September 2022
HSBC and First Direct cut regular savings rates to 1%
HSBC and First Direct have cut the interest paid on their regular savings accounts from 2.75% to 1% for new customers
24 November 2020
Is HSBC about to slash its regular saver to 1%? Fears sparked after customers sent wrong welcome packs
HSBC has raised fresh fears that it could be about to slash the interest rate on its regular savings account after accidentally sending emails to customers showing a reduced rate of just 1%, MoneySavingExpert.com can reveal
18 November 2020
Bank with M&S, HSBC or First Direct? Urgently open its regular saver
M&S Bank is closing its 2.75% AER regular saver account to new customers next week
13 November 2020
Yorkshire Building Society axes high-interest regular savings accounts
Yorkshire Building Society is shutting 66,000 high-interest regular savings accounts in December
13 October 2017
Car giant Ford gears up to launch market-leading regular savings
New savings provider Ford Money, owned by the US car manufacturer, is turning its focus to regular savings
18 May 2017
M&S, HSBC and First Direct cutting interest on regular savings accounts to 5%
Market-leading regular savers are cutting their headline rates for new customers - but you could still lock in at 6%
29 September 2016
Santander slashes savings rates amid ongoing 123 speculation
Rates on two different Santander products have been cut this week as customers continue to wonder if more are to come
3 August 2016
Three savings tricks to boost your returns
Savings rates are dismal so you should act now to double, treble or even quadruple the interest you earn
22 July 2015
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22 March 2023
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Ovo launches one-year fixed tariff – but is it worth switching to?
24 March 2023![]()
Almost every household has been charged the same price for their energy over the last year under the Energy Price Cap (EPC) and the Energy Price Guarantee (EPG), with no cheaper fixed deals to switch to. That has now changed, with Ovo launching a one-year fix for existing customers that undercuts the EPG level of £2,500 a year. -
BT customers 'forced into overdrafts' after duplicate payment error - here's what you need to know
24 March 2023![]()
BT customers have complained that they've been forced into overdrafts after payments were wrongly taken twice this month. The telecommunications giant said it will refund any duplicate payments taken automatically. -
Martin Lewis: Four urgent ways you may be due £1,000s in tax back – if you're married, had a PPI payout, wear a work uniform or even just pay tax
23 March 2023![]()
If you're married or in a civil partnership, have ever had a PPI payout, wear a uniform to work or pay any income tax, you could be due £100s or even £1,000s in tax back – but you'll need to check urgently. -
Bank of England increases base rate to 4.25% – what the rise means for your mortgage and savings
23 March 2023![]()
The Bank of England has increased the base rate from 4% to 4.25%. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.
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Martin Lewis: Is it time to ban unnecessary Christmas presents?
5 December 2022![]()
Update September 2017: It’s eight years since I first braved this subject, expecting a snowstorm of protest. Instead, year after year more join in, like Julia who recently tweeted me, “@MartinSLewis, finally took your advice and told my family I can’t afford Christmas presents. What a weight off my mind. Thank you.” One year even the Archbishop of... -
Martin Lewis: The one thing everyone aged over 66 needs to know
29 November 2022![]()
It is a national tragedy that getting on for a million pensioners, many of whom have been paying into the system for years, are missing out on a critical boost to their income. It's called pension credit, and this year it also means you get an extra £650 to help with energy bills.
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Clever ways to calculate your finances
