Safe Savings

New rules to protect savers, which include increasing the amount you can reclaim when a bank fails from £85,000 to £1million in certain circumstances, have been confirmed by the Bank of England today.

Pensioner Bonds will pay market-leading rates of 2.8% on a one-year bond and 4% on a three-year bond from January 2015, the Treasury has revealed today.

Savers are a step closer to being able to earn a tax-free income from peer-to-peer (P2P) lending after the Government today launched a consultation on how to include this form of lending in NISAs.

If you've taken advantage of your tax-free ISA allowance every year since the accounts were introduced in 1999, you should check how much you've saved as you may now have breached the UK's £85,000 safe savings limit.

A new credit union, My Community Bank, has launched, offering table-topping rates to savers across the UK.

Around 15,000 savers with the UK arm of stricken Cypriot bank Laiki will have their deposits protected under British rules and will escape the Cyprus banking levy, it was announced today.

Savers in Cyprus with under €100,000 (£85,000) have been spared from a Cypriot government tax by a last-minute EU deal.

60,000 savers face higher charges after a child trust fund (CTF) manager announced a new annual fee.

Co-op has attempted to safeguard its Christmas savings scheme to prevent another Farepak-type crisis in the unlikely event it went bust.