Savers are set to see big reductions on the amounts they earn in interest from their cash after Thursday’s Bank of England base rate cut, experts have warned. The Bank of England has slashed the rate from 4.75 per cent to 4.5 per cent. Returns on savings tend to fall as the base rate does.
Michela Alloca, author of Own Your Career, has shared five things she doesn’t do with her money, including using a traditional savings account and a debit card What you don’t do with your money can be just as important as what you do with it (stock photo)(Image: Ippei Naoi via Getty Images) A savvy financial
It is widely expected that there will be a 0.25 percentage point cut at the Bank of England’s first Monetary Policy Committee of the year The Bank of England is expected to cut interest rates from 4.75 per cent to 4.5 per cent when its Monetary Policy Committee (MPC) meets on Thursday. The MPC can
The draw for Premium Bonds is held at the start of each month giving holders 12 chances a year to win prizes Premium bond holders are in with a shout at becoming millionaires each month but the odds are somewhat long. Every month since 1957, those who have invested in the bonds are part of
Tim Walz on JD Vance: ready to debate Democratice Vice Presidential nominee Tim Walz campaigned with Kamala Harris on Tuesday — and said he’s looking forward to debating JD Vance. Fox – 2 Detroit A record 58% of Americans owned stocks in 2022, according to the Federal Reserve. Democratic vice presidential nominee Tim Walz was
Getty Images/Viva Tung/CNET Inflation dropped below 3% annually for the first time since March 2021, strengthening expectations that the Federal Reserve will cut interest rates in September. US prices rose 2.9% year over year in July, according to the latest Consumer Price Index data released by the Bureau of Labor Statistics. Core inflation, which excludes
Experts are reminding Britons “to be quick to grab” the best savings account as deals with higher interest rates are being withdrawn from the market. High street banks and building societies, including Nationwide, NatWest and Royal Bank of Scotland, are taking action after the Bank of England’s decision to slash the base rate earlier this
Retirees are facing “significant delays” in accessing their pension savings, according to experts. Research conducted by My Pension Expert is sounding the alarm over the waiting times for pension transfers between providers. Data from over 5,163 pension transfers in the 2023/24 financial year found Britons waited 28 days on average for ceding companies to move funds
Tax-free weekend is over for most states, but sales are still happening for back-to-school supplies. You can still score some last-minute savings, but the clock is ticking, and the longer you wait, the fewer offers you’ll see. US adults are expected to spend an average of $662 on back-to-school shopping this year, according to our