| UPDATED: 14:22, Thu, Mar 11, 2021
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Interest rates have plummeted in the last year, as the Bank of England took a decision to reduce its base rate to an historic low of 0.1 percent. This choice had a knock on effect for savers who have been left with limited options, and may feel a lack of motivation to put money away. However, despite this perhaps being a disincentive, savers are being encouraged to take action with their funds.
| UPDATED: 14:50, Wed, Mar 10, 2021
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Interest rates have suffered due to the pandemic, with the Bank of England lowering its base rate to 0.1 percent, and stating negative rates are in its “toolbox”. The impact on savings with more familiar providers has also been palpable, with many Britons unable to grow their cash. Recent research has shown the pandemic has prompted people to save more and improve their savings habits, but significant numbers could still be missing out.
| UPDATED: 22:39, Thu, Feb 25, 2021
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Interest rates have faced challenges recently, but Paragon Bank has stepped in with a new offering. The provider has decided to increase the interest rates across all of its fixed rate products. The step was taken in order to offer further choice to savers who are currently on the lookout for competitive fixed rate options, Paragon Bank has said.
| UPDATED: 14:12, Thu, Feb 25, 2021
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TSB is a popular name on Britain’s high streets, with millions using the provider each year for their banking needs. Back in September 2020, the bank took the decision to launch its ‘Spend and Save’ current account, offering a number of features intended to help people progress in their money saving journey. Taking the offering one step further, today the provider unveiled ‘Spend and Save Plus’ - a new account which it states is designed to help customers feel more money confident.
| UPDATED: 12:36, Thu, Jan 21, 2021
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Interest rates have undoubtedly been affected by the pandemic, but looking forward to the future, many are hopeful rates will recover. While the lockdown does not fill many with optimism, there are certain ways Britons might be able to make their money grow. Clare Julian, Wealth Planner at JM Finn spoke to Express.co.uk, and offered further insight on the matter.