James Brooks

1 week ago | moneyfactscompare.co.uk | Rhiannon Philps |James Brooks

The high street bank is offering a competitive cash incentive to switchers. Those wanting to switch their bank account now have another cash offer to consider after Santander launched a new incentive yesterday (29 May). The high street bank is offering a £180 cash bonus to anyone who switches to an eligible account (online or in branch) using the Current Account Switch Service (CASS). However, this offer may be withdrawn at any time.

2 weeks ago | moneyfactscompare.co.uk | Rhiannon Philps |James Brooks

All average fixed savings and ISA rates fell month-on-month for the first time in six months. Nearly all average savings and ISA rates fell in the month to May, with only the average easy access savings rate bucking the trend and seeing a slight uptick. This is according to the latest Moneyfacts UK Savings Trends Treasury Report which analyses data from the savings market each month.

4 weeks ago | moneyfactscompare.co.uk | Rhiannon Philps |James Brooks

At a glance Credit unions are not-for-profit organisations, run by and for their members. To join a credit union, you typically need to have a “common bond” with other members, such as location or employment. Credit unions can offer savings accounts, loans and other financial services. What are credit unions? Credit unions are a not-for-profit, financial co-operative.

1 month ago | moneyfactscompare.co.uk | Leanne Macardle |James Brooks

At a glance Child Trust Funds were launched in 2005 as a way to encourage saving towards a child’s future. Over six million accounts were opened before they were replaced by Junior ISAs in 2011. Once the child turns 18 they’ll be able to access their savings, and they have several options on what to do with the money. What is a Child Trust Fund? Child Trust Funds (CTFs) were a Government initiative to encourage parents and guardians to save towards their children’s future.

1 month ago | moneyfactscompare.co.uk | Leanne Macardle |James Brooks

At a glance Saving for your child’s future can be as simple as setting aside a few pounds a month, and there are plenty of account options to consider. You could help them get into the savings habit with a piggy bank, and could use things like Junior ISAs and children’s savings accounts for more serious levels of saving.