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: A warning about the ‘nicer’ ISA

Warning tapeSavers were delighted and surprised when it was announced in the Budget, that the maximum contribution into a Cash ISA (Individual Savings Account) will rise to £15,000 from 1st July. But there’s a sting in the tail, which could mean savers miss out on sheltering £9,060 from the taxman. Missing out on the new ISA limit The ISA limit will rise part way through the tax-year, on 1st July, creating a problem for savers. From 6th April 2014 the maximum savers can pay into a Cash ISA is £5,940; this will rise ...

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....

Savings: Bank balances rise despite low interest rates and tough economic message

Despite the tough economy and all time low interest rates, even on the best buy savings accounts, it seems that we are saving more. According to ING Direct’s consumer savings monitor report, which survey’s around 1,000 people, savings ratios rose by 18% in the first quarter of 2012 compared to the same time last year. Our advisers can help you get your savings working harder for you...