The British public has long had a love affair with premium bonds, but the figures show that buying premium bonds for children or grandchildren is likely to be an unrewarding relationship. My own experience is a good example: I have a few hundred pounds in premium bonds from my late grandparents. Over about 20 years, I have won £50.
On easy-access accounts Shawbrook Bank Easy Saver and RCI Bank Freedom Account both pay a top 1.3 per cent. AA has raised the rate on its Members Savers to 1.3 per cent for new applicants, but the account is only available to those who are members of the organisation.
Banks and building societies are making it hard for savers searching for top easy-access deals. They are coming out with so-called easy-access accounts with rates of 1.3 per cent – but savers often have to jump through hoops to earn this headline rate.
Financial services analyst CACI reports that last year 22 million customers used mobile banking apps to manage their current accounts – an average increase of 3.4 million users a year in over the past five years.
Building societies and smaller banks are launching accounts in the first flurry of better-paying deals for years.
Banks are not passing on interest rate rises to savers, an investigation by Which? reveals.
Savers will cheer the latest inflation figures, as the number of accounts beating inflation triples. Here are the best buys.
Jennifer Hill explores the options for one-off capital sums from a tax and investment viewpoint.
Savers are facing a battle as the UK’s rate of inflation continues to be higher than the interest rate offered.
Despite a warning to providers in January 2015, the regulator is examining the industry once again.