≡ Menu

Savings

Best savings account rates

Cash savings rates have been dreadful over the past few years, with many accounts offering rates as low as 0.01% AER. (That’s equivalent to 1p per year for every £100 saved. Don’t spend it all at once!) This low-interest environment has punished many with a frugal mindset, but most obviously those who’ve kept a large [...]

{ 21 comments }

A few years ago I was the proud manager of multiple bank accounts. Pretty surprising, considering I’m hardly the most industrious rodent in the rat race of work. In this post I’ll talk about how I ended up with so many bank accounts and what I learned. I’ll also share a few tips to help [...]

{ 11 comments }

When you handover that monthly wodge to your bank, you’re also paying yourself…

{ 31 comments }

Sometime back in the 1990s I began putting all my earnings above the higher-rate tax threshold into my pension.

{ 84 comments }

Savings rate to the rescue

This article on the importance of your savings rate is by Budgets and Beverages from Team Monevator. Check back every Monday for more fresh perspectives from the Team. I have a new hero in life. His name is Tony Stark. You might know him as Iron Man. Tony Stark is a superhero and plays a [...]

{ 36 comments }

This guide to personal finance for immigrants is by The Learner from Team Monevator. Come back every Monday for another fresh perspective. A new adventure? Relocating for work? I recently moved to the UK, too, from Australia. That meant rebooting my financial life. Moving country is a huge job and so I’ve prepared the following [...]

{ 14 comments }

What is the advantage of choosing an offset mortgage – assuming you’re even lucky enough to be able to get one?

{ 61 comments }

Pull your finger out for profit!

{ 27 comments }

Do you need to cut back on your salary sacrifice tax breaks? You may well do if your scheme exposes you to a slew of benefit-slashing side-effects.

{ 28 comments }

Brain food to sustain fellow FIRE travellers who are starting to flag.

{ 71 comments }

Update in Spring 2020: As a result of the ongoing Covid-19 crisis, all peer-to-peer lenders are having liquidity problems – in other words investors are not able to immediately get their money out even from so-called ‘Instant Access’ or similarly branded accounts. Ratesetter is no different. Nobody has lost any money with Ratesetter yet as [...]

{ 103 comments }

How to stick to your saving goals

Saving is a long, hard journey and it’s all too easy to give up or go astray. Here are some simple tactics that will help you fulfill your goals.

{ 14 comments }

Find out when you’ll make your million

Who wants to be a millionaire? Find out how to turn vague hopes into a pot of money with this motivating personal finance tool.

{ 23 comments }

The Lifetime ISA

Yet another new kind of ISA for us to get our heads around. This one is for under 40s, and it’s good for buying a house or some treats once you’re 60.

{ 140 comments }

The Financial Services Compensation Scheme

The FSCS has just changed up how much it covers under its cash compensation schemes. Here’s the skinny.

{ 33 comments }

There are many reasons why you might use a pension instead of an ISA, but make sure you understand how the tax reliefs compare.

{ 107 comments }