Page 39 - Anna Bowes News Today

So-called fixed-rate laddering involves savers spreading money across different fixed-rate bond terms to benefit from better rates and flexibility. And, as we reveal, doing so can really pay off.

NS&I altered the tax treatment of Guaranteed Growth Bonds in May 2019 The first multi-year bonds are now maturing for savers  All interest is now paid in the year bonds mature rather than each year This could leave savers with bigger pots breaching their £1,000 Personal Savings Allowance and mean they face a tax bill  Will this hit you? Get in touch: george.nixon@thisismoney.co.uk 

Kent Reliance this morning launched a best buy easy-access cash Isa as banks and building societies begin to react to Marcus Banks move 48 hours ago. This is Money expressed hopes the opening of the Goldman Sachs-backed banks Isa to everyone on Wednesday would trigger a tax-free savings war, and the early signs appear positive. The Kent-based provider launched an Isa paying 0.45 per cent on balances of £1,000 or more, a rate 0.04 percentage points higher than the previous best buy deal offered...

All rate-starved savers can now benefit from Marcus Banks near-best buy Isa after it launched a full-scale assault on the tax-free savings market. The Goldman Sachs-backed bank dipped its toe into the tax-free savings world last Tuesday with a 0.4 per cent Isa open only to existing customers. However, one week later it has put the account, which is just 0.01 percentage point off the top spot, on general sale, in a boost for hopes that Isa rates will improve. It can be opened with £1. Goldman S...

The new tax year and the launch of Marcus Banks Isa has failed to spur a revival in tax-free savings rates, with returns actually lower than they were at the start of March. While 12 new Isa accounts, including the one from Marcus, have been launched since 6 April compared to six which have been cut or shelved, figures from the analyst Savings Champion reveal savers have been handed little joy over the last month.  Despite March and April historically being a time when banks competed for saver...

Britains largest building society is single-handedly trying to save Isa season with the launch of a new best buy tax-free savings account which offers those transferring in £10,000 a £50 welcome bonus.

More than half-a-million savers will be left disappointed after Marcus Bank cut its market-leading easy-access rate once more. The Goldman Sachs-backed bank has cut the rate from 0.5 per cent to 0.4 per cent this morning for newcomers and will do the same for more than 500,000 existing savers in a fortnights time. The cut, the sixth from the bank since it launched in September 2018, comes just five weeks after it reopened its doors to newcomers, having closed them last June. Goldman Sachs-backe...

For years the best easy-access deals have been reserved for new applicants

In justifying the decision to stop sending prizes in the post, National Savings and Investments had said that nearly three-quarters of its prizes were paid directly into bank accounts or reinvested.

The Treasurys much anticipated green savings bonds could be a major disappointment for rate-starved savers, according to experts. Chancellor Rishi Sunak announced in the Budget that everyday Britons would be able to help fund the countrys green recovery from the pandemic through bonds offered by National Savings & Investments. Details remain thin on the ground beyond the fact the bonds will be launched this summer, but figures from the Office for Budget Responsibility forecast NS&I is set to ra...