MoneySavingExpert News

Savings Accounts

NS&I to increase Premium Bond prize rate AGAIN to 3.3% – here's all you need to know

The odds of each £1 Premium Bond number winning a prize will remain at 24,000-to-one, but there will be more higher value prizes available.

14 February 2023

NS&I to increase the Premium Bond prize rate to 3.15% – here's all you need to know

The odds of each £1 Premium Bond number winning a prize will remain at 24,000-to-one, but there will be more higher value prizes available.

24 January 2023

Martin Lewis: Outdated LISA rules COSTING first-time buyers and need a radical overhaul

Change is needed to help half a million younger people with Lifetime ISAs as many risk lock-out and £1,000+ in fines to get their money back.

22 January 2023

Bank of England increases base rate to 3.5% – what the rise means for your mortgage and savings

The Bank of England has increased the base rate from 3% to 3.5%. 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.

20 December 2022

NS&I to increase the Premium Bond prize rate to 3% – here's all you need to know

The odds of each £1 Premium Bond number winning a prize will remain at 24,000-to-one, but there will be more higher value prizes available.

13 December 2022

PCF Bank to leave the UK market – what it means for your savings and loans

PCF Bank has stopped offering personal savings accounts and loans to new customers, and plans to exit the UK banking market – but there's no immediate change for existing savers or borrowers.

11 November 2022

Family Building Society launches two-year fixed savings account that tracks the base rate – here's how it works and how it compares

Family Building Society has unveiled a two-year fixed savings account that tracks the base rate. The launch comes as the market braces for further interest rate rises from the Bank of England as the central bank attempts to curb rising inflation.

4 November 2022

Martin Lewis: Got a cash ISA? Millions should ditch them but many others should get them – it's all about tax

If you're not paying tax on your savings interest, cash ISAs have no benefit – so many should ditch them for higher-paying standard accounts. That's the message from MoneySavingExpert.com founder Martin Lewis in the third episode of the latest series of ITV's The Martin Lewis Money Show Live.

2 November 2022

HSBC current account customer? You can now get 3% ‘easy-access’ on your savings – though you can earn more elsewhere

HSBC has upped the rate of its Online Bonus easy-access savings account to 3%, beating the top market rates. You'll need to have (or get) an HSBC current or savings account to get it, however, and the rate is significantly dented if you withdraw money.

24 October 2022

Chase boosts interest rate on easy-access saver to 2.1% – but you can get higher rates elsewhere

New and existing savers will automatically get the new rate from Monday 24 October – but you can get higher easy-access rates elsewhere.

17 October 2022