A Premium Bond holder has claimed winnings from cash invested over 50 years ago, after the Government-run bank behind the scheme appealed for customers to come forward for £41 million of unclaimed prizes.
Savings rates for new customers have been tumbling since since the beginning of June, a MoneySavingExpert.com investigation reveals. This makes it more important than ever to search for the best rate amid plummeting returns.
A range of simplified, easy-to-compare financial products should be introduced to help restore consumer trust in the industry, a Treasury-commissioned review recommends.
A new savings account provider offering high interest is NOT protected by any compensation scheme, which means if it went bust savers would be likely to lose their cash.
16 July 2012
Suggest a story
Got a money-related news story that affects you? Email us