Planners react: UK households cut down on saving

Less than half of people expect to be able to save money during 2022 (46%), according to a new report.

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3.4m pensioners hold all ISA savings in cash

More than 3m pensioners keep all of their ISA savings in cash, a Freedom of Information request has revealed.

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NS&I bumps up some savings rates to 0.35%

NS&I is to increase interest rates on its Direct ISA, Direct Saver and Income Bonds to 0.35% from 29 December following the recent Bank of England base rate rise.

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Pandemic boosts ‘rainy day’ savings but many still short

Nearly 48% of people have built up a bigger ‘rainy day’ fund during the pandemic to cover spending for up to six months - although 20% of people said their savings fell during the crisis. 

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