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Peer2Peer Finance News | April 21, 2018

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Moneyfacts

Number of base-rate beating savings accounts plunge to 10-year low

December 19, 2017 |

THE NUMBER of savings accounts paying interest above the base rate has slumped to almost a decade low despite the Bank of England starting to raise rates, new data shows.

The Moneyfacts UK Savings Trends Treasury Report reveals … Read More

Banks yet to pass on the full interest rate rise, but how does P2P compare?

December 5, 2017 |

BANKS have partially begun increasing the returns on their savings products in response to last month’s interest rate rise, but savers aren’t getting the full benefit, data shows.

Research by financial comparison website Moneyfacts shows that mainstream banks have started … Read More

A boost for savers? Interest rates hiked for first time in a decade

November 2, 2017 |

INTEREST rates have been increased for the first time in a decade, prompting speculation about whether savers may start seeing better returns.

The Bank of England’s monetary policy committee increased the base rate from 0.25 per cent to 0.5 per … Read More

SMEs missing out on £473m in interest

January 10, 2017 |

SMALL and medium-sized enterprises (SMEs) could be missing out on £473m in interest by not shopping around for a business deposit account, Cambridge & Counties Bank has claimed.

Analysis of Moneyfacts data by the lender found the average return available for … Read More

More pain for savers as cash ISAs fall below one per cent

December 2, 2016 |

THE average cash ISA is paying below one per cent for the first time ever, putting even more pressure on savers who can no longer find inflation-beating returns on the high street.

According to new data from Moneyfacts, the average … Read More

Overcoming inflation

November 21, 2016 |

Inflation is eating away at paltry savings and cash ISA deals, yet it is the peer-to-peer sector that is often under the spotlight for putting money at risk. Can the sector change the narrative?

Behavioural scientists are constantly asking why … Read More

Long-term savings rates hit an all-time low

September 22, 2016 |

LONG-TERM fixed ISAs and bonds are now offering their lowest ever interest rates, just one month since the Bank of England slashed its base rate to a record low of 0.25 per cent.

Interest rates on long-term savings accounts have … Read More