MoneySavingExpert News

Savings

Martin Lewis: How to earn 8% interest on your savings (and possibly £200 on top, too)

It’s possible to earn 8% interest on your savings – more than four times what many earn – and gain an extra £200 on top. MoneySavingExpert.com founder Martin Lewis explains how.

5 December 2023

Autumn Statement: ISA shake-up announced – though no win for Lifetime ISA savers

A raft of changes for savers using ISAs – savings accounts where you'll never pay tax on the interest – have been announced by the Chancellor in today's Autumn Statement.

22 November 2023

Martin Lewis: Chancellor needs to fix dead duck Lifetime ISAs to stop first-time buyers being fined to access their own money

Young savers should not be essentially fined – and lose their hard-saved cash – when they purchase homes above the scheme's £450,000 limit.

6 November 2023

Should you fix your mortgage and savings now as Bank of England holds base rate at 5.25%? Your options explained

Savers should consider locking in a top fixed rate now as the Bank of England has held the base rate at 5.25% for the second time in a row.

2 November 2023

Marcus saver? You can boost your rate to 4.75% in seconds – here's how

If you've got a Marcus easy-access savings account or cash ISA, you can easily boost your interest rate to 4.75% – here's how.

31 October 2023

NS&I suddenly pulls blockbuster 6.2% savings deal – but Martin Lewis says it's no surprise

NS&I has withdrawn its hugely popular 6.2% one-year fixed savings deal for new customers from today (6 October). But the account was always going to be short-lived, according to MoneySavingExpert.com founder Martin Lewis.

6 October 2023

Bank of England increases base rate to 5.25% - here's how it impacts your mortgage and savings

The Bank of England has increased the base rate from 5% to 5.25% - its highest level in over 15 years.

9 August 2023

Trying to open a Kroo account? There's an up to 10-day delay due to high demand – here's what you need to know

App-only bank Kroo has admitted it's taking up to 10 days to open some accounts as it struggles to meet demand after it launched a market-leading interest rate.

7 February 2023

Bank of England increases base rate to 3% – what the rise means for your mortgage and savings

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.

3 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