‘Savings!’ Remember that word? With the credit crunch and austerity taking centre stage in recent years, the idea of having a few pennies to put away for a rainy day has felt like a distant memory. This WAS the rainy day. But with a glimmer of light starting to appear at the end of that
Fixed Rate Bonds
There was a time when no one thought twice about placing money in a bank or building society for safe keeping. And then we had the financial crisis and a few big name banks collapsed. Panic set in. While this may now seem like a distant nightmare it has left a scar that may never
Whether you’re adding money to help them along in the future or whether they’re saving their pocket money for something special, children’s savings accounts can be a great idea. As well as teaching kids the valuable lesson that saving pays off, a good savings account will add interest, meaning their money is earning more cash.
There is very little we can’t do over the internet and banking is one of those. Online banking is becoming more and more popular as customers face increasing fees and less attractive rate from the traditional banking options on our high streets. With no branches, low fees and higher interest rates, is switching to online
Many people think that offshore savings accounts are just for the super rich who want to limit their tax liabilities. However, this isn’t the case and while some accounts have minimum deposits, they can be opened by any UK resident. How exactly do they operate and how can they benefit a UK saver? With an
If you earn over £9,440 (current threshold for 2013/14) per financial year, you have to start paying tax on income. While this is most commonly for your salary, it also includes any interest earned on savings. In order for your savings to generate as much as possible, it’s important to take advantage of tax free