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Telegraph.co.ukFrom 'overweight loser' to Wimbledon victory: Britain's Marcus Willis celebrates first-round triumph with girlfriend ...Telegraph.co.ukBut after a series of lucky coincidences the player ranked 772nd in the worldon Monday saw his prize money for the year go from just £220 to £50,0000. The 25-year-old wild card pulled off one of the biggest upsets in Wimbledon history by beating ...and more »
MarketWatchCash is the next big thing the UK is likely to break up withMarketWatchResearchers at Tufts recently ranked countries by their readiness to go cashless, and the U.K. had one of the highest rankings, along with Sweden, Finland and Denmark. (MasterCard MA, -2.62% helped to fund the research; credit-card companies including ...
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Telegraph.co.ukUS 'frack master' accused of $80m fraud to fund debauched lifestyleTelegraph.co.ukA supposed fracking expert who toured the world's media calling himself the 'Frack Master' and even gave evidence to MPs was actually a massive fraudster who duped investors out of millions of pounds to fund "a lifestyle of decadence and debauchery ...Texas 'Frack Master' bilked investors out of millions, SEC saysReuters UKall 52 news articles »
BBC NewsThe markets facing trading turmoilBBC NewsIndividuals may choose to directly put their money in a company by buying shares. ... London is the world's biggest financial centre outside New York and investors are concerned leaving the EU will prompt some banks and financial companies - which made ...The best investments to protect you from BrexitUnbiased (blog)all 108 news articles »
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To Save or To Clear the Debts?

You may have noticed that your savings aren’t doing a lot to pay their way these days. Pensioners are badly hit as many of them use the interest from their life savings to pad out the weekly amount they get from the state. Many mortgage payers are happy as their payments have come down, but just about everyone else with savings is in the situation where the real value of their money is falling because interest payments aren’t as high as inflation.

 The average rate for UK instant access accounts including current accounts was around 0.17% at the end of February and we’ve had another cut in the Bank base rate of half a percent since then. Despite that, with credit hard for many people to come by; credit limits being cut by the card companies and worries about job losses, if you can, it’s best to have some savings on hand for an emergency. And the latest figures show that people are saving more. There’s nearly £1,000 billion of savings in our banks and building societies and another £90 billion in National Savings.  

In terms of interest you may as well keep your money under the bed – but then that’s probably the first place a cash strapped burglar is going to look. Fixed rate bonds pay slightly higher rates than instant access accounts. National Savings and Investments products are increasingly popular because people want to know their money is safe whatever the interest rates and they have a 100% government deposit guarantee. It’s never been more important to shop around and don’t be slow to move your money to higher interest rate paying accounts. Keep a close check on any accounts you do have to see what interest you are being paid. The financial pages of the newspapers are good for advice on which accounts are paying the best rates but these change frequently. 

Once you’ve got your emergency fund in place if there’s any money left over think about clearing expensive debts. There’s no point in having a lot of money sitting in an account getting 2.5% interest if you’re paying off loans or credit card accounts at interest rates in the high teens and 20’s. Homeowners are paying off their mortgages too. Some who’ve seen their monthly payments fall are continuing to pay at the old rate so that they clear their mortgages more quickly.

If you have a lot of savings think about getting some financial advice. Your money may not be doing as well for you as it could and a good Independent Financial Adviser can be worth his or her weight in gold. Visit more than one and choose the advice you feel happiest with. Family, friends and colleagues may be able to recommend advisers they’ve used and found helpful.

If you’re lucky enough to have money to put aside it’s time to take stock and nurture it so that it can nurture you back in the future.

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