Savings

Yorkshire Building Society (YBS) will buy the savings and mortgage business of Egg from its current owner Citigroup.

Pressure on the Bank of England to raise interest rates eased today as inflation showed an unexpected fall in June.

Chancellor George Osborne is today expected to give approval to plans to force banks to erect a protective firewall between their retail and investment arms, in a bid to prevent a repeat of the financial crisis of 2008.

The Bank of England today announced it is holding the base rate at its 0.5% historic low for the 27th consecutive month.

The Government's official inflation measure jumped to its highest level in two-and-a-half years last month, tightening the squeeze on household spending power and increasing the challenge for savers.

Government-owned National Savings & Investments (NS&I) has relaunched its savings certificates that guarantee to beat inflation.

A major building society has been fined £1.4 million and must pay £51 million compensation to customers after it mis-sold investment products in collapsed firm Keydata Investment Services.

The cost of mortgages where your savings are used to offset the interest charged is falling relative to standard home loan rates.