Savings: Should you be tempted by ‘mini’ bonds?

Opposition chats write on the blackboardThere seems to be precious little expectation that interest rates will start to rise anytime soon, so savers can be excused for considering other options to try and improve on the return they receive. One option is to consider so-called ‘mini’ bonds, which are gaining greater prominence with recent launches from the likes of the rugby club, Harlequins. But, should you be tempted? What additional risks does the higher rate of interest come with? Are the rates that much better? Read on as we explain more. What are ‘mini’ ...

Savings: Fed up of low interest rates? 5 alternative options for your cash

Fed up of low interest rates? 5 alternative options for your cashDespite the recent changes to Cash ISAs (Individual Savings Accounts) and relatively low inflation, there are signs some savers are losing patience as they wait for interest rates to rise. The Bank of England has kept base rate at 0.5% for over five years and the interest rates paid to savers were cut further when the Funding for Lending scheme was introduced. Even now, months after Mark Carney suggested rates could start to rise, savers are left fighting for a ...