The total amount held in Cash Individual Savings Accounts (ISAs) is north of £280 billion – and , after a minor exodus to P2P assets – is climbing again. At Money&Co., we’d be delighted to see investors commit ten per cent of their cash portfolio to P2P. Of course, P2P loans, even if they are […]
This year is set to be the year of the Individual Savings Account (ISA). More specifically, it’s going to be a bonanza for savers and investors who commit money to Innovative Finance ISAs (aka IFISAs). Of course, that’s just our opinion; we would say that, wouldn’t we? But it’s an opinion based on compelling […]
We hate to say we told you so – but that’s just what we did. Here’s how we covered last week’s Bank of England base rate hike: The recent news of a base rate rise of 0.25 per cent to 0.75 per cent offers little comfort to income-hungry savers. The uplift will take time to […]
Money&Co.’s CEO, Nicola Horlick takes a close look at recent figures released by the taxman, and draws some sobering conclusions for savers who stick with cash deposit accounts (bearing in mind that inflation has been running at nearly 3.5 per cent for several months). Below the highlights of HMRC’s data, we list Nicola’s principal conclusions. […]
We have spent hours doing some important numbers. Our objective was to calculate the average return on Cash ISAs. Bear in mind that the current rate of retail price inflation in the UK stands at 3 per cent. The average Cash ISA yield came out at… 1.03 per cent. Money&Co. looked at 233 ISA-investable cash accounts. […]
Once upon a time, cash was king. Nowadays, for income-hungry investors and savers, it’s a killer. Base rates have moved off their record low of 0.25 per cent to a still-measly 0.5 per cent. But savings rates on cash deposits remain stubbornly low – with minor banks offering 1.3 as the best easy-access account, according […]
Yesterday, ahead of the arrival of a major new loan offering on site, we looked at the income-seekers’ dilemma. Using research from the comparison site, Money Facts, we highlighted the news that the best easy-access cash accounts offer around a measly 1 per cent. But it seems there’s a better account out there – though there’s so […]