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Halifax Instant Saver News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Do you have cash in an investing account? Beware firms pinching your interest, says SYLVIA MORRIS

The FCA has warned that platforms are typically retaining a massive 50% of interest earned by customers on their savings for themselves.

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Better saving deals to help ease the mortgage rate pain

Savings rates are higher than they have been for more than a decade, and could rise further still following an expected increase to the base rate.

United kingdomAnna bowesRachel springallShawbrook bankHigh streetEngland monetary policyVirgin moneyEveryday saverFlexible saverSavings championRainy day saverBlue rewardsWest digital saverBonus saverHalifax instant saver

Premium Bond prize rate hits 15-year high – putting big banks to shame

National Savings & Investments has raised its Premium Bonds prize fund rate to 3.7pc, the highest level in 15 years.

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Better saving deals to help ease the mortgage rate pain

Savings rates are higher than they have been for more than a decade, and could rise further still following an expected increase to the base rate.

United kingdomRachel springallAnna bowesShawbrook bankHigh streetEngland monetary policyVirgin moneyEveryday saverFlexible saverSavings championRainy day saverBlue rewardsWest digital saverBonus saverHalifax instant saver

Big banks shamed by rivals paying four times higher rates

Since December 2021, the Bank of England base rate has risen from 0.1% to 3.5%. But big banks have not passed on the bulk of the increases to savers.

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