If you want a better interest rate, you should consider regular savings accounts
If you want to get the best interest rates on your bank or building society savings, a regular savings account could be the answer. As you’d expect, the idea is that you have to save a regular amount every month. Some let you save as little as £10 a month and you may be able to save several hundred pounds a month. You can normally ‘miss’ one or two payments and still keep the high interest rate. The catch? Well, the only catch is that you are limited in how much you can save.
Asset allocation models - what does asset allocation mean and why does it matter?
Asset allocation means how your investments are split between different assets - such as shares, bonds and cash.
Many of us, when we start investing, tend to pile our money into one 'asset', such as shares. But, if you want to be a smart investor, you should spread your money between different assets. And how much you have in shares and bonds etc, is called 'asset allocation'. Read on to find out why it matters.
Pensioner bonds are on sale - paying 4% interest over three years and 2.8% over one year
If you’re aged 65 or over, you’ll be able to save up to £10,000 in each bond. But some women will lose out
The 65+ bond or ‘pensioner bonds’ are on sale from National Savings & Investments and will stay on sale until May 15th. These fixed rate, fixed term savings accounts are available to anyone in the UK who’s aged 65 or over and pay interest at 2.8% over one year and 4% over three years. I've started a campaign because these bonds aren't available to women of state pension age, but under 65, which I think is wrong.