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News
Savers in bank deposits are not sharing in higher rates
8+ hour, 6+ min ago (628+ words) Despite the Reserve Bank wanting them to, banks are not raising their term deposit rates. At least, not significantly. On Monday Kiwibank raised its six month and one year rates by five basis points (bps). Tiny occasional shifts are the…...
Savings warning for households as cash languishes in 1.2% accounts
13+ hour, 47+ min ago (321+ words) Savers are being urged to check whether their savings are losing out of an interest rate boost. Recent research on Bank of England data from Lightyear found that £1.2 trillion is sitting in bank accounts with a weighted average interest rate…...
£1m of 'unidentified savings' yet to be found in Tamworth
2+ day, 20+ hour ago (366+ words) The leader of Tamworth Borough Council has confirmed that no savings have been achieved despite proposing £1m in money saving measures earlier this year. The authority's budget passed in February this year with warnings cuts were needed from next year. In…...
Household saving study finds large differences in how people value the future
1+ day, 5+ hour ago (633+ words) Swedish household data point to a source of differences in wealth accumulation that is easy to overlook: how people weigh spending today against spending later. A study published in the Journal of Finance estimates that attitudes toward time vary more…...
6 Money Missteps Amid Inflation That Erode Boomers' Retirement Income
1+ day, 9+ hour ago (378+ words) Retirement inflation can quietly drain Social Security income. Learn the costly budget mistakes baby boomers make and ways to better protect retirement savings....
People with savings accounts issued new £850 warning
1+ day, 22+ hour ago (20+ words) Savers are being urged to check their emergency funds as one in four could struggle with an unexpected £850 bill....
You're not imagining it, there are more mosquitoes in the UK this year
1+ day, 22+ hour ago (1744+ words) Rising temperatures in the northern hemisphere are changing insect populations in the UK Hotter summers caused by climate change are leading to an increase in the number of mosquitoes in the UK. Rising temperatures in the northern hemisphere are forcing…...
Girl math, loud budgeting, moneymaxxing: Were these trends worth trying?
4+ day, 1+ hour ago (1705+ words) Every few months, a new money phrase takes over TikTok, and suddenly everyone's either Moneymaxxing, "loud budgeting" their friends out of brunch or admitting they "doom spent" their tax refund on a weighted blanket and a flight to Cabo. These…...
Recession-Proofing Moves for Middle-Class
3+ day, 6+ hour ago (583+ words) With some experts placing the odds of a U.S. recession in the next year as high as 40%, it may be time to plan ahead — no matter what level of income you’re at. For millions of middle-income households, that means taking steps…...
Interest rate increase
3+ day, 16+ hour ago (75+ words) Danmarks Nationalbank raises the current-account rate, the rate of interest on certificates of deposit, the lending rate and the discount rate by 0.25 percentage point with effect from 11 September 2026. Effective from the above date, Danmarks Nationalbank's interest rates are: Current-account rate:…...