Savings: The three best Cash ISA deals and three alternatives

As the end of the tax-year draws ever closer, there will undoubtedly be many savers who have not yet opened their Cash ISA (Individual Savings Allowance) for the 2016/17 tax-year. There’s no doubt that the introduction of the Personal Savings Allowance, which will be available to us all from 6th April 2016, will shake up the savings market, but we still believe Cash ISAs will have their place. So, if you’ve not yet used your Cash ISA allowance, here’s our guide to the best deals currently available and three alternatives if you ...

Savings: Help to Buy ISA providers named

Help to Buy ISA providers namedThe banks and building societies that are set to offer the Government’s new Help to Buy ISA (Individual Savings Account) have been named. The Help to Buy ISA was announced by George Osborne later this year and is designed to help first-time buyers save enough money for a house deposit. Figures show that the average purchase price paid by a first time buyer is £211,000, with an average deposit of 19% needed. How will the Help to Buy ISA work? First time buyers who take out a Help ...

Savings: Tie up your savings for 10 years? No thanks, but here’s five alternative options

Pound LandscapeWe all know savers have had it tough over the past few years. Low interest rates, pushed even lower by Government initiatives to help the mortgage market and relatively high inflation, have all combined to make it almost impossible for savers to get a ‘real return’ on their cash. It’s nearly always been the case that savers will get a better rate of interest the longer they are prepared to tie up their savings; a ...

Buy to let: Thousands of borrowers face interest rate hike

iStock_000010528981XSmallThousands of buy to let investors are facing a hike in interest rates, which will significantly increase their monthly mortgage repayments. Despite Bank of England base rate remaining at 0.5% and with no movement expected by most financial experts for at least another three years, the West Bromwich Building Society has announced an interest rate rise for buy to let investors. The move means some 6,700 buy to let investors will see their interest rate rise by 2% from 1st December onwards; ...