Savers will soon be able to stash away more cash in premium bonds after the Chancellor announced the current limit will rise - but it is likely the chances of winning will fall, to pay for more £1 million victors.
Chancellor George Osborne announced big changes for the UK's savers in today's Budget, including a revamp of the Isa system and new bonds for over-65s.
The Chancellor pulled a rabbit out of his Budget back pocket today, which is probably why he's been sitting uncomfortably for so long. The shock news is that from 1 July, cash and shares Isas are to be merged into one new, much bigger £15,000 tax-free savings and investing pot.
Special Pensioner Bonds paying "market-leading" fixed savings rates will be available from January 2015 to all over-65s, Chancellor George Osborne announced in today's Budget.
Major banks have pledged to provide current account data in a standardised format. The Government hopes it will encourage comparison sites that could help consumers check if they're getting the best deal.
Teachers in England are being encouraged to use cartoon videos and other resources to teach children about the dangers of using loan sharks, along with how to manage their money wisely.
NatWest, RBS and Ulster Bank are banning introductory bonus rates to get back to basics with simpler products. But MoneySavingExpert.com creator Martin Lewis says the move could result in even lower returns and less certainty for savers.
28 February 2014
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