Interest Rates

  • BusinessAOL

    Should you switch to a Sharia account? 

    So here's a conundrum: you can currently get higher returns by investing in a Sharia savings account that can't pay interest because it conflicts with Islamic law. We've written a five-minute guide to Sharia accounts, explaining

    3-min read
  • BusinessAOL

    Interest rate rise: What it means for savings and pensions

    The Bank of England has announced the first rise in Base Rate since July 2007. Before we get into the details of what this might mean for your finances, it's worth providing a bit of context. As you're probably aware, 0.5% is the same

    6-min read
  • BusinessAOL

    Revealed: Why you should NEVER pay for insurance monthly

    More than a third of drivers pay for their car insurance in monthly instalments, while 44% of Britons with home insurance spread the cost of their cover over a 12-month period. But while paying monthly allows you to avoid making a large, one-off

    3-min read
  • NewsAOL

    What does a base rate rise mean for you?

    The base rate set by the Bank of England could increase very soon, with Governor Mark Carney forecasting that "interest rates would increase somewhat" in the "relatively near term" if the economy stays on track. He has

    3-min read
  • BusinessAOL

    Rising savings rates: get the best deal

    Interest rates on savings accounts and Cash ISAs are continuing to rise. Virgin Money has launched four new ISAs, two of which have pipped the competitors to top spot in the best buy tables. However, savers still face a significant challenge

    7-min read
  • BusinessAOL

    Tax-free savings: Cash ISAs vs Personal Savings Allowance

    Money is pouring out of Cash ISAs as the once popular savings accounts lose ground due to a change in the tax rules. Last April the Personal Savings Allowance was introduced. It allows basic-rate taxpayers to earn up to £1,000 interest a year

    4-min read
  • BusinessAOL

    The horrible squeeze killing retirement incomes

    Millions of pensioners are facing a hidden squeeze on their incomes, which could spell disaster for their retirement plans. What's even worse is that if they have failed to adjust their spending to take account of the squeeze, they may

    4-min read