Savings

Pensioner Bonds will pay market-leading rates of 2.8% on a one-year bond and 4% on a three-year bond from January 2015, the Treasury has revealed today.

Surviving spouses can inherit their deceased partner's ISA, and it will stay as an ISA, so they won't pay tax on any gains, Chancellor George Osborne has announced.

Children as young as four are being encouraged to join savings clubs as part of a bid to prevent them relying on payday loans or racking up heavy debts later in life.

Three million Barclays customers will be moved from old savings products to the firm's Everyday Saver in February 2015 as the bank culls off-sale products.

Ulster Bank has been fined almost £2.75 million (€3.5 million) over an IT failure that prevented thousands of customers from using their accounts for more than a month in 2012.

Savers are a step closer to being able to earn a tax-free income from peer-to-peer (P2P) lending after the Government today launched a consultation on how to include this form of lending in NISAs.

More than one million current accounts have been switched during the first year of the seven-day current account switching regime, with Halifax so far proving the most popular. But this is still a small number of switches compared to the millions of current account holders out there.

People aged over 55 will be able to dip into their pension pot like a bank account as part of the Government's drive to give people greater freedom over retirement savings.

Anyone who still has (N)ISA savings with Intelligent Finance should consider moving their cash elsewhere as its interest rates have today fallen to paltry levels.

More than half a million Cheshire Building Society accounts will be transferred to Nationwide this weekend when the building society closes.