What changes on the savings market and how to get more out of it. The rates in an article are today’s, not those of the day it was written.
Every rate increase and rate cut of this month, the biggest risers and fallers, new offers and the highest rates right now.
Do you save for your child in an account in their name or in yours? Who owns the money, what happens on their eighteenth birthday, how the deposit guarantee works and what to check when you compare.
Read on →A variable savings rate can change any day, a fixed rate is set for the whole term. What makes savings rates move, why nobody can predict them and how you as a saver can deal with that uncertainty.
Read on →A buffer absorbs the broken washing machine and, if need be, a few months without income. How to use your fixed costs to decide how much to keep to hand, where to put it and what to do with everything above it.
Read on →Extra repayment saves mortgage interest, saving keeps your money free. How to compare your mortgage rate after tax relief with today's savings rate, with a worked example and the points no sum can settle.
Read on →Via Raisin you open savings accounts and deposits at banks across Europe with one account. Where your money is then held, which deposit guarantee applies, what to do about withholding tax and when going direct is easier.
Read on →With a deposit ladder you spread your savings across deposits with increasing terms. Every year a part comes free, while the rest keeps a higher fixed rate. This is how you set one up, with a worked example.
Read on →The deposit guarantee covers €100,000 per person per bank. How to divide a larger amount without losing interest, which brands share one licence, and what applies after the sale of your home.
Read on →A few European countries withhold tax on the interest you receive there. Per country: what is withheld, which form lowers it, and when the higher rate is still worth it.
Read on →Banks attract new customers with a high rate that drops back after a few months. A worked example shows when such a promotion really earns you more, and when a lower steady rate wins.
Read on →The highest savings rates often come from banks in Sweden, Estonia or Malta. What the European deposit guarantee covers, who pays out if things go wrong, and what you need to watch yourself.
Read on →A fixed-term deposit gives you certainty about your rate, a savings account keeps your money free. This is how you work out, with today's rates, which of the two earns the most for your money.
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