Savings and ISA News | moneyfacts.co.uk
cash stack icon

Savings News

Top Savings News

news icon
The best savings rates this week 18.09.20
Derin Clark

Derin Clark

Online Reporter
Published: 18/09/2020

After a slow 2020, the savings market is moving again with new rates appearing almost on a daily basis this week. While new top rates have been entering the charts, many have reached their maximum deposits within a short time and, as a result, are being withdrawn by providers from the market within days. For example, on Tuesday, Skipton Building Society increased the rate on its easy access savings account, resulting in it paying a chart-topping rate of 1.20%, but this was withdrawn yesterday having already reached its maximum deposits.

As saving rates are changing on a daily basis, although all rates below were accurate at the time of publishing, savers would be recommended to check our savings charts regularly to see what rates are currently available.

Read More
news icon
NS&I plans end to Premium Bond prize cheques

National Savings and Investments (NS&I) has announced plans to phase out its paper prize cheques to Premium Bond winners from December 2020 in a move that will eventually see all prize payments made directly into winner’s bank accounts.

The phasing out of paper prize cheques will last until March 2021and according to NS&I, this switch will result in “a quicker, easier and more secure way for customers to receive prizes”.
Since 2011, Premium Bond customers could choose to have prizes paid directly into their bank accounts and in the September 2020 draw 74% of winners had their prizes paid into their accounts rather than opting for a postal cheque.

Read More
news icon
The best ISA rates this week 17.09.20

ISA savers looking for a short-term fixed rate ISA will be pleased to see new higher rates topping the one and two year fixed rate ISA charts this week. In addition to this, competition towards the top of the easy access ISA chart has improved this week, with more providers offering the third top rate of 0.90%.

It should be noted that the rates below are the best rates available at 12pm on Thursday 17 September 2020 and, although correct at the time of publishing, they may not be available after this time.

Read More
news icon
Are children’s savings accounts the best option when saving for a child’s future?

With rates as high as 3.00%, children’s savings accounts offer some of the most competitive savings rates in the charts. This, combined with the increase in the Junior ISA limit to £9,000 during the 2020/21 tax year, has made saving for a child’s future using a children’s savings account or JISA highly attractive for parents and grandparents – but are they always the right option?

Below we’ve looked at different life stages for a child and looked at some of the best savings options available at that time.

Read More
news icon
Inflation rate falls to 0.2% - what are the best inflation beating savings accounts?

The latest Consumer Price Index (CPI) figures show that during August inflation fell to a five-year low of 0.2%, which will be welcome news to many savers especially as savings rates are starting to rise.

August’s fall in inflation came after July saw inflation rise to 1.0%, which has resulted in a 0.8% fall between July and August. As a result of this fall 661 savings accounts can now beat inflation, an increase from the 91 accounts that could beat July’s inflation rate of 1.0%.
Of the accounts that can beat August’s inflation rate of 0.2%, 80 are easy access accounts, 72 are notice accounts, 77 are variable rate ISAs, 131 are fixed rate ISAs, and 301 are fixed rate bonds.

Although savers will be pleased at the significant increase in number of savings accounts that can now beat inflation, those considering a long-term fixed account should keep in mind that the predicted rate of inflation for July to September 2023 is 2.2% and there are no accounts that currently beat this rate.

Read More

Recent News

news icon
New 1.20% easy access rate

15th September 2020

Today Skipton Building Society has launched a chart-topping easy access account that pays 1.20% gross on anniversary

Today Skipton Building Society has launched a chart-topping easy access account that pays 1.20% gross on anniversary

Read More
news icon
The best savings rates this week 11.09.20

11th September 2020

There was good news for savers this week, as we reported that rates have increased slightly this month, which could be the sign of the start of a slow savings recovery

There was good news for savers this week, as we reported that rates have increased slightly this month, which could be the sign of the start of a slow savings recovery

Read More
news icon
The best ISA rates this week 10.09.20

10th September 2020

Savers looking for an easy access ISA will be pleased to see that a new top rate has entered the chart this week

Savers looking for an easy access ISA will be pleased to see that a new top rate has entered the chart this week

Read More
news icon
Saving rates slowly start to rise – is this a sign of a recovery?

9th September 2020

A combination of the Bank of England cutting base rate to a historic low of 0.1% in March and the launch of a new funding for lending scheme in April has resulted in saving rates tumbling over the last six months

A combination of the Bank of England cutting base rate to a historic low of 0.1% in March and the launch of a new funding for lending scheme in April has resulted in saving rates tumbling over the last six months

Read More

Search News

(showing 1 to 4 of 588) (showing 1 to 3 of 588) (showing 1 to 4 of 588)

Most Popular Savings News

news icon
What are the best ISA investment funds in August 2020?

14th August 2020

We look at the best performing ISA investment funds on 1 August 2020. Including how much a £1,000 investment made 12-months ago and 5 years would be worth 1 August 2020.

We look at the best performing ISA investment funds on 1 August 2020. Including how much a £1,000 investment made 12-months ago and 5 years would be worth 1 Aug

Read More
news icon
NS&I plans end to Premium Bond prize cheques

17th September 2020

National Savings and Investments (NS&I) has announced plans to phase out its paper prize cheques to Premium Bond winners from December 2020 in a move that will eventually see all prize payments made directly into winner’s bank accounts

National Savings and Investments (NS&I) has announced plans to phase out its paper prize cheques to Premium Bond winners from December

Read More
news icon
The best savings rates this week 11.09.20

11th September 2020

There was good news for savers this week, as we reported that rates have increased slightly this month, which could be the sign of the start of a slow savings recovery

There was good news for savers this week, as we reported that rates have increased slightly this month, which could be the sign of the start of a slow savings recovery

Read More
news icon
New 1.20% easy access rate

15th September 2020

Today Skipton Building Society has launched a chart-topping easy access account that pays 1.20% gross on anniversary

Today Skipton Building Society has launched a chart-topping easy access account that pays 1.20% gross on anniversary

Read More

More Money and Finance News

Get our weekly newsletter

Weekend Moneyfacts is available free by email to all Moneyfacts.co.uk users.

Please send me Weekend Moneyfacts, Savers Friend and selected third-party offers.

Cookies

Moneyfacts.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.

I accept. Read our Cookie Policy