A credit union is an organisation where members can save money or take out loans. Credit unions operate on a non-profit basis, allowing them to offer and charge competitive interest rates. We can earn interest by depositing money in credit union savings accounts and enjoy the Financial Services Compensation Scheme protection limit of £85,000. If …
Are credit union interest rates more competitive? Read More »
NS&I offers feasible savings and investment options that provide adequate returns. However, the interest rate paid to those who save or invest with the NS&I depends on various factors such as government requirements and the base rate.
A rise in ECB interest rates can have a transitional impact on the UK despite the UK having left the EU banking system. The governing council’s recent interest rate hike increased the MRO, marginal lending, and deposit interest rates to 4.25%,4.50%, and 3.75%, respectively.
The spate of interest rate rises from the Bank of England since December 2021 has significantly impacted
Launched in the 1950s to encourage saving, premium bonds have become popular with people of all ages
Make sure you conduct thorough research before committing and don’t focus on the interest rate alone.
Interest rates impact the financial sector, influencing investment decisions, asset prices, and market stability. Moderate interest rates foster an environment conducive to investment, as businesses can access affordable financing to fund
There are many ways in which the latest rate increase will impact consumers and the economy as a whole. In fact, the effects of rate increases are already
Equity release plans often offer the option to protect a portion of the property’s value as an inheritance for loved ones.
While you may need to pay tax on interest if you go over your PSA, you don’t pay any tax on interest with Individual Savings Accounts (ISAs). They’re tax-efficient savings or investment accounts available to UK residents.
