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 ...

Savings: As interest rates remain low, should you be tempted by Peer to Peer lending?

As interest rates remain low, should you be tempted by Peer to Peer lending?New figures from the Financial Conduct Authority show that many beleaguered savers are struggling to find ‘real returns’. The research showed that a saver who opened an account five years ago, and has stuck with it ever since, is getting an average interest rate of 0.3%, well below the current rate of inflation. Savers have many options for improving their returns, one in particular is growing in popularity. A report, published by the Peer to Peer Finance Association (P2PFA), ...

Savings: Savers are missing out, 6 top tips to get a better interest rate

Savers are missing out, 6 top tips to get a better interest rate 150pxA new report by the Financial Conduct Authority (FCA), has warned that millions of savers are missing out on the best interest rates, because they are not moving their cash to the best paying accounts. The report found that savers who opened an account five years ago and have stuck with it since are getting interest of just 0.3% per year, well below the rate of inflation. Even accounts opened in the past year with the larger banks ...