Are you one of the Brits missing out on £6.9bn of savings interest?
Britons lost out on an estimated £6.9bn in interest from savings accounts last year, according to new research from a challenger bank.
Source: cityam.com
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Fewer customers opting for regular savings deals despite interest up to 8%
The three best savings rates in the UK are all regular saver deals. Nationwide's newest regular saver pays 8%, First Direct pays 7% and Lloyds Bank 6.25%.
Source: dailymail.co.uk
Several banks increases rates on fixed rate savers above 5% after base rate boost | Personal Finance | Finance
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.
Source: express.co.uk
Savers should stop hoarding cash and invest, City watchdog says
Deposits in savings accounts hit £1 trillion for the first time in September 2022
Source: telegraph.co.uk
£300 billion of savings are still earning 0.1% or less
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.
Source: moneyfacts.co.uk