NS&I under fire for ‘short-changing’ bereavers Banking The UK’s state-owned savings giant is facing mounting backlash over its handling bereaved families’ savings. National Savings and Investments (NS&I) – formerly called the Post Office Savings Bank – has faced criticism for leaving families of deceased savers forced to call in lawyers to claw back their rightful cash. The Treasury-backed vehicle, which holds around £250bn [...]
UK bank ramps up fight for savers after rebrand Banking The battle to bank Britain’s savers has ramped up with the arrival of a new name, set to challenge ‘easy access’ incumbents such as JP Morgan’s Chase, Goldman Sachs’ Marcus and fintechs like Oaknorth. The former UK arm of Jamaica National Group, previously dubbed JN Bank UK, has revamped its operations after being sold in [...]
Monzo ramps up the banking battle for Gen Alpha Fintech Monzo has made a major play to secure the next generation of savers as banking giants look to secure a grip on the Gen Alpha market. The London-based fintech has added a three percent interest rate to its savings account for Under 16s. This catapults Monzo above its rivals’ rate offer for children’s accounts. TSB [...]
Five top paying savings accounts – earn up to 7.5 per cent August 8, 2025 Savings accounts are staging a fiery comeback as UK providers battle to attract customers. With the cost-of-living still rumbling on and interest rates beginning to shift, there’s prime opportunities to put money to work. A number of top accounts have upped rates in recent months – some over seven per cent – helping in a [...]
Is June the time to buy Premium Bonds? June 3, 2025 Premium Bond prizes range from £25 to £1m, but the odds of winning can feel very small compared to the rate savings accounts offer right now. Over 24m people in the UK own Premium Bonds, a savings vehicle offered by Treasury-backed National Savings and Investments (NS&I). Winners for June are due to be announced over [...]
Regular or fixed? How to know which savings account is right for you May 8, 2025 Recently, savers have enjoyed some of the best interest rates in years, but as the Bank of England continues cutting interest rates, this may be coming to an end. This makes it crucial to move your cash to a place where it will be working as hard as possible for you. The good news is [...]
Why are we all saving so much? March 30, 2025 It’s a question that has been puzzling economists for months. The worst of the cost-of-living crisis is, for most households, moving further into their rear-view mirror. The Bank of England’s rate setters have successfully – if belatedly – reined in the worst of the inflation that caused so many households to tighten their belts after [...]