MoneySavingExpert News

Savings safety

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

Metro Bank queues after social media 'rumours' - are your savings safe?

Metro Bank has said "false rumours" were the reason customers queued outside some of its branches at the weekend to withdraw their possessions from safe deposit boxes

13 May 2019

Easy-access savings rates on rise as 'Marcus effect' shakes up market

Easy-access savings rates have been moving upwards since the launch of Goldman Sachs' market-leading Marcus savings account a little over two weeks ago

12 October 2018

Top savings rates have barely moved in the two weeks since base rate rise, MSE data reveals

Savers have barely seen any benefit since the Bank of England increased the base rate by 0.25 percentage points two week

16 August 2018

NS&I launches new fixed savings bonds - how do they stack up?

Government-backed savings provider NS&I has launched new fixed savings accounts – though all fall short of the top deals

4 December 2017

Virgin Money launches Man Utd savings – but does it hit the back of the net?

Savers with an alliance to Manchester United may be tempted by a new one-year fixed savings account paying 3%

4 July 2017

Savers to get more protection against banks going bust

The level of protection for individual savers with money in banks and building societies that go bust is set to increase

19 January 2017

Chancellor faces renewed call to prevent 'absurd' savings protection cut

Andrew Tyrie has written to Chancellor George Osborne calling for him to prevent an 'absurd' savings protection cut

11 September 2015

Chancellor called to prevent 'absurd' savings protection cut

A fall in the amount of savings protected if your bank goes bust is 'absurd' says the chairman of the Treasury Committee

22 July 2015

Government savings protection to be cut

The amount of money protected if your bank, building society or credit union goes bust will fall from £85,000 to £75,000

3 July 2015