Savings: 5 top accounts from banks you have never heard of

Compound interestOne of the unforeseen consequences of the financial crisis has been the number of new banks offering accounts to UK savers. Some of these are brand new start-up, so-called ‘challenger’ banks, whilst others are based overseas and have moved to the UK. Savers are by their very nature cautious people who want to know their money is safe, so it takes some time before these new banks are trusted. We therefore thought we’d highlight five accounts, all protected by the Financial Services Compensation Scheme (FSCS), which pay market leading rates of ...

ISAs: Interest rates slashed, so where can you find the best deals? Here’s our favourite six

ISAs: Interest rates slashed, so where can you find the best deals? Here’s our favourite sixThe improvements made in the Budget were supposed to reinvigorate Cash ISAs, but leading banks and building societies seem to be doing their best to undermine the changes. Cast your mind back to March. Inflation was falling, making it easier to make a ‘real return’ on your savings and the ISA rules were changed, allowing savers to shelter up to £15,000 each year from the taxman. There was even talk of interest rates rises! Fast forward to August. The Bank ...

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 ...

SIPPs: Fed up of poor SIPP deposit account rates? We look at the alternatives

SIPPs: Fed up of poor SIPP deposit account rates? We look at the alternativesOver the past few years all savers have been hit by a combination of low interest rates and rising inflation, making it impossible most people to get a real return, above inflation, on their savings. However, because the number of banks and building societies offering such accounts is fewer, SIPP (Self-Invested Personal Pension) deposit account investors have been harder hit. Even taking into account ...