It’s obvious to see how far cash savings have fallen over the years and how increasingly difficult it is to avoid inflation eroding your nest egg. In stark contrast are the striking potential returns that can result from investing in stocks and shares. But it’s worth remembering that fund values can fall as well as
Anyone with a trip on the horizon is likely to make a checklist of essentials to pack, but what about spending money? Holiday cash is often last on the list even though leaving it to the last minute can be a costly mistake. Not only could you miss out on a decent exchange rate, but
It’s that time of year again when savers are repeatedly asked the same old questions: do you have an ISA, did you invest your 2016/17 ISA allowance, have you decided where to put the new allowance? In previous years the answers were pretty straightforward, but things aren’t so simple these days. It’s rather like a countdown
Few people are shedding any tears over the end of 2016, least of all savers. But it was a bumper year for borrowers. Let’s take a look at what happened to financial products in 2016 – and what’s in store for savers and borrowers in 2017. Mortgages and housing market Last year saw a welcome
Time moves on so quickly and now here we are again – it’s the month when many people are focused on their Christmas shopping. So what better time for shoppers to brush up on their rights, be wary of scammers and consider the best credit card deals to make their cash go a little further. Know your
It’s that time of year again. Mindful of the impending big Christmas shop, people start counting up credit card reward points in the hope of turning them into vouchers and cash. But they could find that their loyalty hasn’t paid off. Reward credit cards can be a useful alterative to debit cards because they offer
So, inflation has gone up. Unexpectedly, it rose to a 22-month high of 1 per cent this week, with the full force of a weak pound and other rising prices fuelling the leap. This means more bad news for savers who are already concerned about the eroding power of inflation on their cash. The rise caused
Spenders and savers alike would no doubt appreciate some kind of reward for staying loyal to their bank or building society, but it’s highly unlikely that they will be able to get a better deal than if they were to switch. Savers At a time when savings rates are hitting new lows, consumers who have managed
It’s a month since the Bank of England cut the base rate to 0.25 per cent, the lowest level in more than 300 years. As expected, this has dealt a severe blow to savers while the mortgage market continues to thrive. Savings The Bank of England’s decision to drop the base rate has officially fuelled the
As if things weren’t bad enough for savers, the months ahead are looking bleaker than ever. The repercussions of the EU referendum sent the markets into chaos and in turn led the Bank of England to drop the bank base rate to 0.25 per cent, the lowest level in more than 300 years. So where
