Savers abandon cash Isas as interest rates plunge and pour money into easy-access accounts By Sylvia Morris For The Daily Mail Published: 22:03 BST, 9 June 2020 | Updated: 22:03 BST, 9 June 2020 Savers are fleeing cash Isas and pouring money into easy-access accounts instead. Around £1 billion was withdrawn from cash Isas between … Read more
Former Neighbours of the German paedophile named as a suspect in Madeleine McCann’s disappearance remember him as a loner who only occasionally stayed at a rented villa near Praia da Luz. The single-storey red-tiled villa where suspect Christian Brueckner lived is called Escola Vehla – the old school house – and is now owned by … Read more
RUTH SUNDERLAND: Negative interest rates are an insidious way of making savers finance Government’s debt pile, but economies that victimise the thrifty seldom thrive in the long run By Ruth Sunderland for the Daily Mail Published: 22:20 BST, 31 May 2020 | Updated: 22:29 BST, 31 May 2020 Savers, collectively, are losing billions of pounds … Read more
Millions are facing almost no returns on their savings as hundreds of banks offer virtually zero interest and the national base rate threatens to dip into the negative. More than 200 High Street banks, including giants like HSBC, have a mere 0.01 per cent interest rate, meaning customers who invest £10,000 will only claw in … Read more
Millions are facing almost no returns on their savings as hundreds of banks offer virtually zero interest and the national base rate threatens to dip into the negative. More than 200 High Street banks, including giants like HSBC, have a mere 0.01 per cent interest rate, meaning customers who invest £10,000 will only claw in … Read more
The banks giving savers ZERO interest: As the Bank of England says rates may go negative, there are already hundreds of accounts paying less than 0.01% Some 214 easy-access accounts pay savers 0.01% and six pay nothing Savings rates have tumbled over the last few months due to coronavirus Average rate has fallen from 0.62% … Read more
Interest rates could be cut below zero to kick start the economy, suggests Bank of England boss Andrew Bailey By Lucy White For The Daily Mail Published: 08:07 BST, 21 May 2020 | Updated: 08:07 BST, 21 May 2020 Bank of England Governor Andrew Bailey has hinted that interest rates could be cut below zero … Read more
Bank of England could turn interest rates NEGATIVE as part of efforts to prop up the economy amid coronavirus crisis, says governor Andrew Bailey Bank of England governor Andrew Bailey has been giving evidence to MPs He said it would be ‘foolish’ to rule out turning the Bank interest rate negative The UK government has … Read more
Savers were potentially handed more bad news today with the Bank of England suggesting base rate could remain close to historically low levels over the next few years. While policymakers kept the base rate, which helps determine borrowing and savings rates, at 0.1 per cent today, it forecast it could increase to just 0.2 per … Read more
Santander unleashes another 123 current account rate cut on the SAME DAY another one bites, costing customers hundreds of pounds in lost interest Santander today cut the interest rate on 123 accounts from 1.5% to 1% It has handed savers more bad news with a cut to 0.6% in August Savers with £20,000 in the … Read more