savers had an average balance of$ 5, 300. Savers helped drive their returns last year by setting aside

More Undo Cash ISA warning as savers need to take' emergency action'to avoid ￡4k cap 4 Comments ISA

Savers will be able to protect an extra ￡5, 000 a year from tax by investing in the shares of

British Steel pension savers are to be compensated if they were poorly advised to switch their

CHINA’s consumers and companies are tying up trillions of yuan in longer-dated deposits with banks, effectively taking a vast pool of money out of circulation and risking the kind of liquidity trap that hobbled Japan’s economy in the 1990s. Latest official data show financial institutions issued 5.5 trillion yuan( US$ 766bil or RM3.5 trillion) worth of long-term deposits known as certificates of deposit( CD) in the first quarter of this year – the largest such quarterly issuance since the produc

CHINA’s consumers and companies are tying up trillions of yuan in longer-dated deposits with banks, effectively taking a vast pool of money out of circulation and risking the kind of liquidity trap that hobbled Japan’s economy in the 1990s. Latest official data show financial institutions issued 5.5 trillion yuan( US$ 766bil or RM3.5 trillion) worth of long-term deposits known as certificates of deposit( CD) in the first quarter of this year – the largest such quarterly issuance since the produc

SHANGHAI: China’s consumers and companies are tying up trillions of yuan in longer-dated deposits with banks, effectively taking a vast pool of money out of circulation and risking the kind of liquidity trap that hobbled Japan’s economy in the 1990s. Latest official data shows financial institutions issued 5.5 trillion yuan($ 766.12 billion) worth of long-term deposits known as certificates of deposit( CD) in the first quarter of this year-the largest such quarterly issuance since the product wa

car and broke out hard pretzels and Life Savers gummies from their backpacks.“ Everyone’s quiet

Rachel Reeves is reportedly set to reform ISAs.... But Ms Reeves is believed to be plotting to force any tax-free savings above ￡10, 000 into stocks and shares rather than cash.... The plan has been denounced by some of those in the know as “ delusional ” and “ electoral suicide ”....

It is expected to go up again on Thursday. But while mortgage rates have shot up, returns on savings have not.... The move follows a review of the limp cash savings market and a showdown with banks last month. The watchdog found that while interest rates on savings have been rising, that has happened more slowly with easy-access accounts.... , said: “ The pace and scale at which rates are passed on to customers needs to be improved....