Savings: 5 accounts to get your cash working harder

5 accounts to get your cash working harderSavers have waited for over five years for interest rates to rise and there is no sign that they will start to move during the next few months. So we’ve scoured our best buy tables and come up with five accounts; ISAs, non-ISA and for children, which we really like and will get your savings work harder for you. Here they are, click on the name of the account for more information. Tax-free and instant access: Coventry Building Society ...

Savings: Interest rates to rise soon? Keep your options open with these five accounts

iStock_000015528657_ExtraSmallMark Carney, the Governor of the Bank of England, has said interest rates may rise sooner than expected. Financial experts now expect interest rates to rise in the first six months of 2015, or possibly as early as this autumn. But the speed of any rate rises is expected to be slow, with Carney saying: “We expect that eventual increases in Bank rate will be gradual and limited.” The news will come as a welcome surprise for savers, many of whom have given up hope of a rise in interest rates. But it ...

SIPP deposit accounts: New entries, climbers and fallers November 2012

Any hope that the recent falls in interest rates on SIPP deposit accounts were coming to an end in October, have been well and truly dashed in November, with rate cuts and product withdrawals continuing apace. The main reason behind the continuing rate cuts appears to still be the Funding for Lending Scheme (FLS), which is offering a cheaper source of finance to banks and building societies; although we are seeing more institutions confirm that their own funding position is strong, meaning they require less money from depositors. New entrie...