Banks have cut interest rates to such an extent that the Government’s new tax breaks have been “rendered practically worthless”, This is Money reports. Continue reading
Category Archives: Interest Rates
Brexit compounds concerns over Lifetime ISA
The Government is coming under growing pressure to postpone the launch of the much talked about Lifetime ISA amid concerns that there are too many unanswered questions about the product. Continue reading
The lifetime ISA: What is it and how does it work?
Lifetime ISAs, the subject of much media coverage in recent months, are set to be introduced in April 2017 – with the intention of helping young people to save for property purchases and future retirement. Continue reading
How low interest rates have destroyed retirement plans and cost us thousands
Low interest rates have not only taken their toll on general savings, they have also hampered many people’s retirement plans, new research has found. Continue reading
Lifetime ISAs announced in this week’s Budget
Millions of adults nationwide will be eligible to set up a new Lifetime ISA, announced in this week’s Budget speech. Continue reading
Banks paying ‘dismal’ rates to loyal savers named by City watchdog
Savings accounts that pay out the lowest rates of interest are being named and shamed as part of new measures to get savers a better deal. Continue reading
Help to Buy ISAs: maximising your returns
From December 1, first time buyers will be able to open a Help to Buy Isa, receiving a cash boost towards their first home from the Government. Continue reading
ISA rates hit a new low
Savings rates have dropped to a record low as the market for ISAs remains ‘under a gloomy cloud’, financial experts warned. Continue reading
Bank of England delays interest rates increase
The UK’s interest rates will remain at a record low of 0.5 per cent, the Bank of England confirmed this week. Continue reading
Banks must offer clearer savings deals under new rules
Banks and building societies will be named and shamed if they pay the lowest savings rates as the City watchdog looks to highlight firms that pay poor interest to longstanding customers. Continue reading