Savings: Two alternatives to traditional savings accounts, should you be tempted?

Two alternatives to traditional savings accounts, should you be temptedThe problems facing savers have been discussed at length. Long term low interest rates, pushed much lower recently by the Funding for Lending Scheme (FLS) and relatively high inflation, which is predicted to rise further, have combined to produce a ‘perfect storm’ for savers. The result? There are currently only a handful of Cash ISAs (Individual Savings Accounts) which beat inflation. If you are a tax-payer, whether basic or higher rate, there ...

No surprise as interest rates on hold for another month

No surprise as interest rates on hold for another monthThe Bank of England has decided to keep interest rates on hold for another month and will inject no further money into the economy via Quantitative Easing (QE). Bank base rate has been stuck at 0.5% for nearly four years and with some economists predicting the economy will contract at the start of 2013, raising the possibility of a triple dip recession, any movement in interest rates is highly unlikely in the ...

6 simple tax saving ideas for the start of the tax year

The end of the tax year has been and gone, it's a time of the year that never ceases to amaze us. Why do so many people wait until the end of the tax year to sort out their financial affairs? It makes far more sense to do so at the start of the tax year and enjoy almost a year’s extra tax efficient saving and investing. On that note we’ve put together a list of six things you should consider doing now to make your financial affairs as tax efficient as soon as possible. 1.    Use your ISA allowance...