Saving

The Bank of England has written to banks asking them to provide details on how they would cope if interest rates were cut to zero or even turned negative

12 October 2020

Savers trying to make withdrawals from National Savings and Investments (NS&I) accounts ahead of next month's massive rate cuts have found they are unable to access their money due to an ongoing "technical issue"

2 October 2020

Savings provider Marcus is to cut the interest rate on its easy-access account from Monday 12 October – but should you switch?

25 September 2020

National Savings & Investments (NS&I) will dramatically cut the interest it pays on many of its savings accounts, slashing its top easy-access rate to just 0.01% in November. And Premium Bond holders will also have a significantly lower chance of winning a prize from December, with the prize rate to be cut to 1%

21 September 2020

More Premium Bond prizes will be paid directly to holders' accounts as NS&I is set to phase out its paper prize cheques by March next year – so make sure it has your details

17 September 2020

The Government's 'Eat Out to Help Out' scheme – which gives diners 50% discounts up to £10 per person on sit-down meals out from Monday to Wednesday – ended on Monday 31 August. But a range of restaurants, pubs and cafés will continue to offer a similar discount at their own expense

15 September 2020

Autosaving app Chip has revealed that it will start charging for its core automatic saving service from 3 October

5 August 2020

£1.5 billion-worth of bonds were bought in April as savings rates started to tumble

1 June 2020

Marcus has dropped its rate to 1.05% and Saga to 1%. For both it's the second drop in a month

13 May 2020

Lifetime ISA holders who withdraw from their account will face a penalty of 20% rather than 25% until next April, the Government has announced

1 May 2020