As happy as many individuals are to see the again of 2020, the brand new 12 months isn’t trying rather more promising for savers – common instant-access charges in December plummeted to simply 0.19% AER. Charges had already been falling steadily since round September 2019, however the race in direction of zero gathered pace after ... Read more
This article is updated regularly When the government-backed National Savings & Investments announced that it was slashing its interest rates in November 2020 to a measly 0.01%, millions of savers were left devastated and with little incentive to save. For some time, NS&I had topped the best savings accounts charts, but its rate changes meant ... Read more
Savers looking for the best deal should act now, as banks have taken a pause from the rate cuts common during the pandemic. This month is the first time that average savings rates have not fallen since October 2020, according to research from financial experts Moneyfacts. In fact, rates rose on many deals. For example, ... Read more