savings Archives - Moore Stephens Financial Services

Inflation – A scourge from times gone by

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For many in our society the term inflation, the measure by which prices are rising, is simply an oft quoted statistic that bears little relevance to people’s lives. However, those of us old enough to remember the 1970’s and 80’s are likely to have a very different view. Inflation was a constant concern during those years and was sometimes out of control leading to several economic crises. Over the last…

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Stock Market

Brexit means Brexit, but what does Quitaly mean?

Posted by | Banks, Brexit, Europe, News, Uncategorized | No Comments

Brexit means Brexit, but what does Quitaly mean? Deutschebank has been the centre of attention in recent days with concerns mounting about its solvency. Worrying as this is, it is not the only European bank that is in trouble. Italy’s banking system is swamped with debt and shares in the largest bank, UniCredit, have fallen by around 67 per cent in the past 12 months. The second biggest, Intesa Sanpaolo,…

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What does the Santander 123 rate cut mean for savers?

Posted by | Interest Rates, News, Savings, Uncategorized | No Comments

Last week, Santander, one of the UK’s most popular high street banks, announced that they were cutting interest rates on their 123 account from 1st November 2016. The interest rate will be halved, taking it from the current top level of 3% down to 1.5% AER variable. This particular account is a regular feature within client cash savings for obvious reasons. A top rate of 3% far exceeds the vast…

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Pensioner Bonds

Pensioner Bonds, blink and you might miss them

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National Savings & Investments have announced the interest rates applying to their eagerly anticipated Pensioner Bonds. 1 year fixed rates of 2.8% AER and 3 fixed rates of 4.0% AER are far in excess of the rates available either on the High Street or via online accounts. The fact the rates are attractive is no surprise, as they are designed to be a nod to the long suffering savers who…

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