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....

A new cash option, introducing the Cater Allen Cash Hub

Cater AllenFinding a Cash option, which pays a competitive rate of interest, allows the flexibility of instant access to capital and has more functionality than a simple deposit account is tough. But investors and advisers alike now have a new option, in the form of Cater Allen’s innovative Cash Hub. What is the Cater Allen Cash Hub? Simply put, the Cater Allen Cash Hub is a transactional account, which sits at the centre of a portfolio and facilitates the movement of money, whilst ...

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 ...

Savings: Why it’s so important to shop around for the best savings interest rates

New research has emphasised the importance of shopping around for the best savings interest rates. The data provider, Defaqto, has found that a saver who put £1,000 into the best instant access deposit account three years ago and then transferred the balance to the most competitive account on each anniversary would have earned total interest of £71.73, assuming the interest was left in the account and basic rate tax at 20% is deducted at source. In comparison leaving the savings in the lowest paying account would have earned interest of just 24 pence, nearly 300 times less....