Tomorrow is the last chance for savers to get Chase Bank's easy-access deal paying 5.1%. We look at whether it's worth moving your money if you do not already have a Chase account.
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OUR MOST POPULAR SAVINGS TABLES
- Top EASY-ACCESS deals with rates of up to 5%
- Best FIXED-RATE savings with interest as high as 6.2%
- CASH ISAS for tax-free savings: Rates as high as 5.78%
- The very best of NS&I: Premium Bonds at 4.65%
- MONTHLY INCOME seekers: Top rates of up to 6.03%
- Sign-up to our SAVINGS ALERT service for latest rates
BEST SAVINGS RATES AND BANK ACCOUNTS
MORE SAVINGS NEWS AND TIPS
Keep calm and carry on growing savings: Make sure you use pensions and Isas to protect your wealth, says RACHEL RICKARD STRAUS
They have helped prudent households manage their finances through countless onslaughts. Because, let's face it, our wealth and savings have been under attack for decades and by successive governments. But I would think very carefully before going beyond that and making changes to your finances based on what you think Labour might do.
Is YOUR local building society offering top savings rates? Member-only deals can pay as much as 5.5%
Five tips to dodge savings interest tax as a 45p taxpayer as it's revealed they face a £6.8bn bill this year
Millions of additional rate taxpayers could be faced with a shock tax bill on their savings due to rising interest rates .HMRC estimates that it will rake in £10.37bn in savings interest tax in the current tax year 2024-25. Of this eyewatering sum, it expects a whopping £6.8bn to arrive from additional rate taxpayers.
Cash Isa explosion! How £73.5bn has poured into tax-free savings in a year and a half - and why they will take a 'starring role' in coming years
Savers have continued their dash for cash Isas with £4.2bn pouring into tax-free accounts in May, new Bank of England data shows. That comes after they stuck away a record £12.3bn in April and HMRC estimates last week that savers face a plus-£10bn collective tax bill this financial year for breaching Personal Savings Allowances.
CRANE ON THE CASE: My husband lost access to his £100k Barclays savings after recovering from a stroke
My husband suffered a stroke four years ago. Me and my son became deputies for his affairs, including managing his finances. Thankfully, he recovered much better than initially expected, and after about a year he was fit to handle his money on his own again so the deputyship was removed. But a while later, he lost access to his Barclays accounts - including one which held £100,000 in savings.
Why Frances is giving up on HSBC... after 56 years: JEFF PRESTRIDGE on the loyal customers who feel let down
Retired couple Ray and Frances Dykstra ooze loyalty. They have been married for 48 years and have spent their lives together in the village of Warboys, Cambridgeshire. Until he retired, Ray was a dedicated employee of British Rail, starting as a clerk when steam trains were still running and rising to management level. Forty-three years of service. The Dykstras, like many elderly people, are also loyal when it comes to their finances. Throughout their marriage they have banked with HSBC (Midland as was) and never had a wish to move away.
How often do YOU use cash? Millions still rely on it so we must protect it, argues JOHN HOWELLS
The use of cash has dropped steeply over recent years. Many people now prefer the ease of banking online and using contactless payments. John Howells, chief executive of Link shares why securing the future of physical money and helping people better transition into a digital world will be key for the next government.
Labour promises 350 new banking hubs for towns where all the branches have shuttered
With 6,000 bank branches closing since 2015, Labour has announced its commitment to bringing more banking hubs to Britain's high streets. Labour has pledged to roll out 350 banking hubs over five years. The hubs are shared centres where customers of most major banks can go to withdraw and deposit cash and get banking support and advice.
The Royal Mint aims to sell £100million of UK coins to AMERICA - despite shutting its overseas coinmaking operation
Americans are already keen on UK-made coins, and the Mint said it has seen a 118 per cent increase in sales to the US since 2022. S customers bought more than 17,000 of the Mint's 1oz silver commemorative coins in the past two years, with royalty coins and designs depicting Star Wars and Harry Potter being particularly popular.
I think I now owe a four-figure sum of tax on my savings interest: Do I need to tell HMRC or will it contact me?
With the rise in savings interest rates recently I now believe I owe the tax man a four figure sum for the last tax year. I've read conflicting reports on whether I should tell them or that they will tell me. I have an uneasy feeling that if I tell them I may be opening up a worrying can of worms. What do I need to do?
As banks are ordered to start offering loyal customers a good deal... What new 'fair value' savings rate rules will mean for you: SYLVIA MORRIS explains
The clock is ticking for savings providers. They now have just a few weeks left to get their act together and start offering loyal customers a good deal. That is because from July, the new so-called Consumer Duty rules, which require all financial services firms to offer their customers 'fair value', will apply to old savings accounts as well.
The five best FREE accounts with debit cards for children - including Starling which no longer charges a monthly fee
Children can find it hard to use cash given to them by parents and relatives in an increasingly cashless society. Many parents now find it easier to open an account with a debit card for their children over giving them cash. We round up five of the best accounts that come with debit cards for children.
Will Nationwide pay out a £100 loyalty bonus again this year? Millions of customers received one last June - and it has not ruled out another...
Last June, 3.4m Nationwide members received a £100 payment from the building society. Now, Nationwide members will be wondering whether the offer will be replicated this year. As a building society, Nationwide is owned by its customer members, who are meant to benefit from profits through better rates on savings, mortgages and other products.
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THIS IS MONEY'S FIVE OF THE BEST SAVINGS DEALS
Chip* pays 4.84% to holders of its ‘instant access account’. The account can be opened with just £1. Its app only. Money will be held by the UK authorised bank ClearBank.
Charter Savings Bank pays 5.08% to holders of its ‘easy-access savings account’. The account can be opened with £1,000.
MBNA pays a rate of 5.27% on its one-year fixed rate savings account. This deal must be opened online on MBNA’s website and then managed by phone. The minimum deposit is £1,000.
Raisin UK* is home to a 5.05% one-year fixed rate savings account. It is offered by one of its partner banks Paragon Bank. You can open the account online via Raisin’s savings platform with a minimum deposit of £1,000.
Hampshire Trust Bank pays 5% to holders of its ‘two-year fixed rate deal’. The account can be opened online with a minimum deposit of £1.
Are switching bonuses back? Santander offers £175 to open a current account - but don't be caught out by the monthly fees
From today, customers that use the Current Account Switch Service to move to a Santander Edge current account, an Edge Up account or a private current account will be eligible for a £175 bonus. However, all three of these accounts come with monthly fees which will eat into the bonus cash. It comes after First Direct and Virgin Money also launched cash carrots for bank account switchers.
Premium Bonds Winners
Prize | Area | Value of bond |
£1,000,000 | Hertfordshire | £13,500 |
£1,000,000 | Cumbria | £50,000 |
£100,000 | Southampton | £20,000 |
£100,000 | Havering | £5,000 |
£100,000 | North Yorkshire | £49,999 |
£100,000 | Outer London | £10,000 |
£100,000 | Outer London | £5,000 |
£100,000 | Kirklees | £100 |
SAVINGS ESSENTIALS
Savings calculator: Work out interest and investment returns on lump sums and regular monthly saving
THIS IS MONEY'S FIVE OF THE BEST CURRENT ACCOUNTS
Chase Bank will pay £1% cashback on spending for the first 12 months. Customers also get access to an easy-access linked savings account paying 3.8% on balances up to £250,000. The account is completely free to set up and is entirely app based. Also no charges when using the card abroad.
Nationwide's FlexDirect Account offers 5% in-credit interest to new joiners when they switch on balances up to £1,500. This rate only lasts for one year. The account is fee free.
Halifax Reward Account pays £150 when you switch. Also earn up to an extra £75 cashback when you spend £750 each month for 3 months. There is a £3 monthly account fee, but that’s stopped by paying in at least £1,500 each month.
First Direct will give newcomers £175 when they switch their account. It also offers a £250 interest-free overdraft. Customers must pay in at least £1,000 within three months of opening the account.
NatWest's Select Account account pays £200 when you switch. The account has no monthly charges, but to be elligible for the £200, you'll need to deposit £1,250 into the account and log into mobile banking app within 60 days.
Best savings rates: Savings platforms to manage your money in one place - with easy-access, fixed-rates and notice accounts and bonus boosters
A new wave of savings platforms have emerged in recent years which help savers keep track of their accounts more easily and move money into better rates after signing up. We round them up, look at the top rates from savings platform Raisin and reveal whether they beat the best buys in our independent This is Money savings tables.
HOW THIS IS MONEY CAN HELP
DON'T MISS...
Premium Bonds Winners
Prize | Area | Value of bond |
£1,000,000 | Hertfordshire | £13,500 |
£1,000,000 | Cumbria | £50,000 |
£100,000 | Southampton | £20,000 |
£100,000 | Havering | £5,000 |
£100,000 | North Yorkshire | £49,999 |
£100,000 | Outer London | £10,000 |
£100,000 | Outer London | £5,000 |
£100,000 | Kirklees | £100 |
Latest from Saving & banking
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- Watch out if you have one of these nine easy-access accounts: SYLVIA MORRIS
- Last chance to get a 5.1% easy-access savings deal from Chase Bank - is it worth opening?
- Santander launches student current account with 20 prizes of £27,750 - here's what you need to know
- Personal allowance and tax on interest explained: How it works, what you owe - and how to cut it
- Are you getting less than 3% on your savings? Beware low rates on closed deals - and move to these best buys
- Savings platforms to bag a better rate and let you manage your money in one place: Top deals include a 5.25% one-year fix & two-year fix at 5.08%
- Five best cash Isas 2024: Top fixed-rate and easy-access deals
- Banking complaints hit a 10-year high - here's what's behind the huge surge
- Nationwide will scrap passbooks from February 2025
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