Page 41 - First Direct News Today

Another Bank of England Base Rate rise has prompted more banks to boost their product rates, and first direct will be improving the returns on three different accounts.

Budget homeware chain Wilko was yesterday teetering on the brink of collapse, putting around 12,000 jobs at risk. The retailer, which has around 400 stores, said that it was primed to appoint administrators after struggling to find a financial lifeline. In recent years the High Street has been struggling with painful cost increases, while shoppers’ budgets have been restricted by historically high inflation levels. - Daily Mail

Regular savings accounts pay the most interest but seem too limiting, while fixed rates dont let you keep adding cash. Should we just put it all in an easy-access account?

Savers who remain loyal to their banks are rarely rewarded

Several banks have said they will increase returns for savers following the Bank's latest base rate increase

What's the latest news from the banking and savings market? We monitor all the latest moves and keep you updated regularly with the key developments 3 A

Mutuals Skipton Building Society and Nationwide Building Society are among those upping their variable rates.

Mutuals Skipton Building Society and Nationwide Building Society are among those upping their variable rates.

Fast-rising singer-songwriter Noah Kahan has announced a new series of UK and European dates for February 2024

I took out a five-year fixed term mortgage with TMW in 2018. The lender is now telling me the deal is coming to and end after 58 months rather than the 60 months I had expected it would last for.