Derek Sprawling News Today

Britons lost out on an estimated £6.9bn in interest from savings accounts last year, according to new research from a challenger bank.

The three best savings rates in the UK are all regular saver deals. Nationwides newest regular saver pays 8%, First Direct pays 7% and Lloyds Bank 6.25%.

The Bank of England increased the base interest rate to five percent this week and several providers have since boosted the rates on their fixed rate accounts and other products.

Deposits in savings accounts hit £1 trillion for the first time in September 2022

Over £300 billion worth of savings is still sitting in accounts offering a rate of 0.1% or less, according to research released by Paragon Bank and CACI, a data company, on Wednesday.

WHAT happens when your forever home doesnt fulfil your long-term needs? Many over-55s are in this position, according to research from Paragon…

Paragon Bank has launched a new issue of its Triple Access Cash ISA at a market-leading rate of 1.20% today. Its current increase means it now leads previous market-leading providers Marcus by Goldman Sachs® and SAGA by 0.05%.

Rising fixed bond rates could be driving more savers to consider locking their money into a fixed account as recently published data has found that the number of people searching for a fixed rate bond has more than doubled in six months

A new report reveals savers have turned their back on fixed savings accounts during the pandemic. But with inflation on the rise, are they making a mistake?

Many finance experts are predicting that the Bank of England will increase base rate in the coming months to help tackle rising inflation