Safe Savings

A new challenger bank has launched in the UK today, but any money saved with it isn't covered by the Financial Services Compensation Scheme (FSCS) protection, so how good is it?

The chairman of the influential Treasury Committee has renewed his call for the Chancellor to prevent an "absurd" cut to the amount of savings protected if your bank, building society or credit union goes bust.

The chairman of the influential Treasury Committee has called on the Chancellor to prevent an "absurd" cut to the amount of savings protected if your bank, building society or credit union goes bust.

The amount of standard savings protected if your bank, building society or credit union goes bust will fall from £85,000 to £75,000 from January because the pound has got stronger.

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.