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Daily news and analysis of the UK savings market. Locating the best savings and ISA rates. Exploring trends and new products. Brought to you by the Moneyfactscompare.co.uk editorial team. Subscribe to our email newsletter today for weekly updates.

Latest savings news

Crunch time for savers as UK inflation rises to 2.3%

Editorial Team

Moneyfactscompare

Published: 20/11/2024

As almost all average savings rates decline, consumers may need to take action to see their money grow in real terms.

UK inflation accelerated to 2.3% in the year to October, the Office for National Statistics (ONS) today revealed. The sharp rise offsets last month’s significant drop, when the costs of goods and services increased by a more modest 1.7%.

The best cash ISA rates this week

19th November 2024

Each week the Moneyfactscompare.co.uk content team round up and discuss the very best ISA rates available in the UK. Compare and apply today.

The best UK savings rates this week

14th November 2024

Each week the Moneyfactscompare.co.uk content team round up and discuss the very best savings rates available in the UK. Compare and apply today.

Moneyfacts pick of the week

14th November 2024

The Moneyfacts Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.

Time to act as fixed savings rates stagnate

12th November 2024

Fixed savings rates continue to fall, with short-term bonds seeing particularly significant drops. See what you can do if you want to secure a competitive rate.

Bank of England votes to cut base rate to 4.75%

7th November 2024

As predicted, the Bank of England voted 8 to 1 in favour of cutting the base rate to 4.75% in November.

As predicted, the Bank of England cut the base rate to 4.75% in November.

Could you earn more interest by overhauling your savings habits?

6th November 2024

Many savers could earn more interest by overhauling their savings habits, by opening a regular savings account, for example.

NS&I announces rate cuts: Is it time savers looked elsewhere?

22nd October 2024

The Government-backed brand also revealed the Premium Bond prize fund rate is set to be slashed.

Fixed savings rates at lowest levels in over a year

21st October 2024

Fixed savings and ISA rates continued to fall in the month to October, dropping to their lowest levels since June 2023. What does the future hold for savings rates?

Fixed savings and ISA rates continued to fall in the month to October, dropping to their lowest levels since June 2023.

UK inflation falls below 2% for first time in over three years

16th October 2024

Now firmly below the Bank of England’s 2% target, does this mean further base rate cuts are on the horizon?

Best short-term bonds plummet – is it time you considered a longer-term savings account?

10th October 2024

With more uncertainty ahead, there’s potential for providers to drop rates further.

Moneyfactscompare.co.uk introduces new ‘Easy to Open’ savings chart feature

2nd October 2024

Alongside a new Moneyfacts Annual Star Rating, the ‘Easy to Open’ logo and filter will help consumers identify fuss-free accounts.

Bank of England votes to hold base rate at 5%

19th September 2024

After making a long-anticipated cut to the base rate at its previous meeting in August, today the Bank of England’s Monetary Policy Committee (MPC) voted 8 to 1 in favour of maintaining it at 5.00%.

Base rate held at 5% as mortgage and savings rates continue to tumble.