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Are the new banks any good for savings accounts?

Here’s some good news. Inflation fell last month to 1.8%, which is its lowest level for two years. While that’s obviously good news when you go shopping you may not realise that it also has an effect on your savings. If inflation is at 1.8%, then you need to earn at least that in interest otherwise ...
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The five savings lessons you MUST learn now

It’s been a long time but at last there has been some good news for savers. Even though base rate has not changed thanks to increased competition there are now some good deals out there. And now is a good time to get your savings strategy in place in time for 2019: here are five ways to ensure you’r...
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Is Marcus savings account a damp squi(d)b?

Savers have had it hard for the past ten years. With inflation higher than the rates on most savings accounts you are losing money. So why bother? The answer is that most of us only feel comfortable with cash sitting in a savings account. I have (dwindling) cash savings and thank goodness for that, ...
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Should you be switching to save?

Some good news at last: inflation fell last month from 3% down to 2.7% thanks mainly to lower petrol prices. Falling inflation means there’s less pressure on the Bank of England to put interest rates up – so that’s good news for mortgage borrowers. And what could be better than paying less for food?...
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Challenger banks: are they a good home for savings?

It’s not much fun being a saver at the moment, what with rates failing to keep pace with inflation. But apparently there are more savings accounts now on offer since November 2012. And all this is down to a new breed of banks entering the market – the challenger banks. This all sounds a bit pugilist...
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