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Top News In மூன்று நுழைவு நிகழ்நிலை சேவர் Today - Breaking & Trending Today

Is it worth putting savings into a prize draw

The launch of Nationwide’s Member Prize Draw last month caught many savers attention with the promise of being entered into a monthly prize draw for 12 months ....

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Nationwide Building Society to increase interest rate on ISA ahead of tax year end | Personal Finance | Finance

| UPDATED: 07:11, Wed, Mar 3, 2021
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On March 5, Nationwide Building Society will launch a new issue of its Triple Access Online ISA, and it will pay an increased rate. Currently, the building society is offering a rate of 0.25 percent AER/tax-free (variable). ....

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The Best Savings Rates This Week 26.2.21 | moneyfacts.co.uk

A rate reduction saw PCF Bank top the fixed rate bond chart this week, with its 7 Year Term Deposit Issue 15 paying 1.45% gross on anniversary. This account requires a £1,000 minimum deposit to open. It must be opened online but can then be managed online and by phone.
Topping five and three year fixed rate bond charts this week was Gatehouse Bank. It pays an expected profit rate of 1.40% gross on anniversary on the five-year version of its Fixed Term Green Saver, while the three-year version pays an expected profit rate of 1.10% gross on anniversary. Both options require a minimum deposit of £1,000 to open. These accounts have the incentive of Gatehouse Bank planting a tree in a UK woodland project certified by the UK Government’s Woodland Carbon Code when an account is opened and funded. They must be opened and managed online. ....

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The Best Savings Rates This Week 19.2.21

ICICI Bank UK’s Notice Savings Account and Raisin UK – 95 Day Notice Account both pay 0.85% gross monthly. Notice Savings Account requires a £1 minimum deposit to open and a HomeVantage Current Account is needed. It allows further additions. Withdrawals are permitted subject to 95 days’ notice and all transactions must be made via a linked HomeVantage Current Account. It can be both opened and managed online, in branch and by phone. It should be noted that the rate will reduce to 0.55% on 15.3.21 and 0.35% on 3.5.21. Raisin UK – 95 Day Notice Account requires a £1,000 minimum deposit to open and allows further additions. Withdrawals can be made but must be of the full account balance and subject to 95 days’ notice and account closure. The account must be opened online, but can then be managed online, by post and by phone. It should be noted that the rate will reduce to 0.55% on 9.3.21 and 0.35% on 27.4.21. This account benefits from Raisin UK offering a bonus or ....

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Marcus by Goldman Sachs® Re-enters Saving Chart

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In a week where challenger bank Marcus by Goldman Sachs® made headlines by re-entering the easy access savings chart with its Online Savings Account, challenger banks continue to dominate the savings charts. In fact, our research has found that challenger banks offer the highest average rates in both the easy access savings account and fixed rate bond charts, meaning that savers who have stayed with a high street bank may likely be missing out on the best rates.
Average easy access rates
For example, the average rate being offered by a challenger bank on an easy access saving account was 0.39% AER on the 1 January 2021, this compares to an average rate of just 0.15% AER being offered by high street banks on the same day. This means that a saver who had put £5,000 into a high street savings account, for example, would get an average return of £7.50 per year, whereas those who had put their savings into a challenger bank would get an average of £19.50 per ....

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