Top 5% savings rates will soon be extinct as Nationwide cuts interest on its FlexDirect current account – but there is one last chance to hunt it down… Nationwide’s FlexDirect account pays 5% interest for 12 months on up to £2,500 It is the last 5% savings deal in Britain, but will be cut to … Read more
Banks are set to make more than £600 million in extra interest paid by cash-strapped homeowners taking mortgage holidays, Money Mail can reveal. Campaigners say the vast profit lenders will make from the crisis is ‘disgraceful’ and are demanding they scrap additional interest charges. The breaks are seen as a lifeline for borrowers facing financial … Read more
An increasing number of savers with large pots are turning to platforms as they look to safely spread their money across multiple accounts to benefit from savings protection amid market turmoil caused by coronavirus. Savings platforms Flagstone, Hargreaves Lansdown Active Savings, Octopus Cash and Raisin allow savers to open accounts of different lengths with multiple … Read more
Savers face more misery as interest rate cut looms… but mortgages could get EVEN cheaper By Hugo Duncan for the Daily Mail Published: 21:52 BST, 15 January 2020 | Updated: 21:52 BST, 15 January 2020 Long-suffering savers are braced for a further hit to their nest eggs as pressure mounts on the Bank of England … Read more
Landlords suffered a triple-whammy hit this week as three popular tax reliefs were axed or scaled back as the new tax year began. Mortgage interest tax relief, capital gains tax exemptions for ‘accidental’ landlords – those who held onto homes they once lived in – and letting relief were all cut. The raid came as … Read more
The last 5% savings deal goes up in smoke: Nationwide cuts popular FlexDirect account to 2% – as 22 other rates are slashed to as low as 0.01% FlexDirect paid 5% interest for a year on balances of up to £2,500 It helped the building society gain nearly 550,000 switchers in 6 years It will … Read more
Barclays was last night accused of charging struggling firms up to 12 per cent interest on Government-backed crisis loans. Major banks have also come under fire for telling company directors their personal assets will be seized if their businesses fail. The Coronavirus Business Interruption Loan Scheme was launched by 40 lenders on Monday as part … Read more
‘Cuts are inevitable’: Savers warned to prepare for another reduction in interest after base rate change Most banks and BS will start cutting rates in ten days’ time, expert says They will account for two changes in Base Rate, that has been cut to 0.1% By Jeff Prestridge for The Mail on Sunday Published: 22:59 … Read more
Bank of England slashes interest rates to just 0.1% to help boost UK economy as ministers unveil emergency laws to tackle the spread of coronavirus Bank of England’s Monetary Policy Committee had a special meeting today Committee decided to cut interest rates from 0.25 per cent to just 0.1 per cent It is second interest … Read more
Her budding romance with Jamie has been going from strength to strength on Celebs Go Dating – and she even took him to meet her two-year-old daughter Polly. And Amy Childs, 29, will be seen giving the hunky roof repairman quite the treat during Wednesday night’s episode, as she gives him a foot massage. The … Read more