Around 34% of people are missing out on interest payments by placing most of their savings in a current account, according to a survey; manufacturers in the UK are cutting their plans to recruit more staff. Listen to the latest episode of the Ian King podcast as you scroll.
I tried to sell a bedframe. A scammer messaged. I went along with it. This is what happenedIt started with a second-hand bedframe. After months of putting it off, I decided to list it on Facebook marketplace - within 18 hours I had been almost scammed twice.
I mocked up a fake screenshot of a bank transfer, and sent it back, pretending I had happily parted with £300 under the belief I would be refunded £400. I then gave a fake address . He promised me he would be at my house at 5pm that evening. A quick look at their Facebook profiles - which were populated with stock images, pictures of influencers and very few friends - was also another clue as well as giving me a bank account that didn't match their names .
Financial information firm Moneyfacts has released its latest analysis of savings trends, which shows the average easy access rate has risen to4.04%When it comes to ISAs, the average rate for easy access accounts has risen month-on-month to3.89%Moneyfacts says all variable rates on easy access, notice and ISA accounts have risen for the 19th consecutive month - the first time on the company's records which began in 2007.
"Some savers may not be feeling the full benefits of the consecutive base rate rises, nor might they be getting the best possible return if they fail to switch."How to save so your child has a quarter of a million pounds by the time they're 18 - an expert's top tipsAll parents want to give their children the best possible start in life - and for some that means setting aside money for their future.
You should know there are strict rules to stop you using their tax-free allowances as a way of cutting down your own tax bill. The downside to this account is the money is not accessible until your child turns 18, but after that it will be in their name, and they will have"unfettered access" to it. Anna's key message is the sooner you start saving the better. If you decided to open the top paying account right now, which is being offered at 4.95% by Coventry Building Society, and deposit £9,000 a year for 18 years your child could be handed a tax-free lump sum of £264,488.19.
"You would need a lump sum of £2,000 and be earning 5% before you need to start thinking about the tax you would start paying on your child's savings." More and more families are turning their backs on expensive takeaways - but that doesn't mean you have to give up on your favourite cuisines altogether.
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