Savings: Where can you find the best Cash ISA rates? We analyse the market

iStock_000006918404XSmallSavers have had their hopes raised and then dashed over the past few weeks, and as usual will need to work hard to find the best interest rates as we come up to the traditional ‘ISA’ season. Despite the ‘forward guidance’ issued by the Bank of England last year, that they would consider increasing interest rates when the rate of unemployment hit 7%, any early rise in interest rates now seems unlikely....

Annuities: Should you give up bread today in the hope of jam tomorrow?

iStock_000007120068XSmallIf you are thinking of buying an Annuity soon, yesterday's Telegraph newspaper should make you sit up and take notice. The front page story was an interview with Steve Webb, the Pensions Minister, who said he would like to see an Annuity product which would allow pensioners to transfer from one insurer to another, if a better rate was offered. Mr Webb asked: “Why shouldn’t you be able to change your annuity provider so a few years later ...

Savings: Rescue your savings from falling interest rates

Since the start of the financial crisis in 2008, savers have had to content with all-time low interest rates and periods of relatively high inflation, but just when savers thought things couldn’t get any worse they have been hit by a double blow. Firstly interest rates on savings accounts have started to fall again as banks and building societies reduce their best savings interest rates after the introduction of the government’s Funding for Lending Scheme (FLS). Secondly, inflation has again shown signs of starting to rise more rapidly, with many experts predicting a return to relatively high levels of inflation in ...

Rate of inflation falls again, although a rise may be round the corner

Rate of inflation falls again, although a rise may be round the cornerThe rate of inflation slowed again in September, although some experts are now predicting that last month marks the bottom of the current cycle, and we can expect prices to rise more quickly in months to come. The Consumer Prices Index (CPI) fell to 2.2% in September from 2.5% in August. The CPI measure of inflation is now at its lowest rate since September 2009 and close to the ...