Savings habit slump: Britons continued to stash money away as lockdown eased – but the average amount dipped by 29% People are still saving after lockdown restrictions have eased, new data shows However, the average amount being saved is 29% less than in March More people are found to be spending on eating out and … Read more
A quarter of Britons have less than £500 saved despite a recent surge in people tucking cash away in the pandemic Some 13% of UK adults have no savings at all whilst 26% have less than £500 The figures indicate a widening of the financial wellbeing gap Many adults are saving less as spend more … Read more
A quarter of Britons have less than £500 saved despite a recent surge in people tucking cash away in the pandemic Some 13% of UK adults have no savings at all whilst 26% have less than £500 The figures indicate a widening of the financial wellbeing gap Many adults are saving less as spend more … Read more
Collection of more than 400 piggy banks to be exhibited at the Museum of Savings in Norwich By Toby Walne, Financial Mail on Sunday Published: 21:51 BST, 12 June 2021 | Updated: 21:51 BST, 12 June 2021 The piggy bank has been introducing youngsters to the idea of saving cash for more than a century … Read more
Metro Bank cuts interest it pays on its savings accounts – and experts advise customers to shop around By Jeff Prestridge, Financial Mail on Sunday Published: 21:50 BST, 12 June 2021 | Updated: 09:58 BST, 13 June 2021 Metro Bank has taken an axe to the interest it pays on its savings accounts. In a … Read more
The amount of money saved into Lifetime Isas more than doubled last year as deposits into tax-free accounts aimed at first-time buyers topped £1billion for the first time. In a sign the Lifetime Isa is becoming increasingly popular, the number of accounts which received deposits in 2019-20 also more than doubled to 545,000, according to … Read more
More than 700,000 savers could be paying too much tax after interest rates plunged to record lows. It is yet another blow for beleaguered savers already struggling to earn an income from their nest eggs. And long delays at HM Revenue & Customs (HMRC) means anyone attempting to correct their tax code and claw back … Read more
Parents saving for their children could be starving them of a sizeable savings pot by the time they turn 18, as research reveals many are failing to take advantage of higher-rate savings accounts. Some 34 per cent of parents have saved for their children in often low interest paying bank accounts over the last 12 … Read more
For most couples, a date night means a candlelit meal at a fancy restaurant or a few drinks at the local pub. But increasing numbers are now booking in ‘financial date nights’ to discuss their household finances. The idea may not sound very romantic, but marriage counsellor Ben Leppier and his wife Kerry say they … Read more
Britons with more money to save over the last 12 months have piled £20billion into Premium Bonds since the first full month of lockdown last year, new figures from National Savings & Investments revealed today. The latest prize draw results from the Treasury-backed bank said there were 109.2billion eligible bonds in this month’s draw, which … Read more