The mid-week money sections have gone to town on the news that the banks have been ordered to slash the time they take to transfer cash Isas and pay interest for every day of the process. Tony Hazell and Sylvia Morris of the Money Mail claimed a ‘stunning’ victory after campaigning for two years on this issue while The Daily Mirror’s Graham Hiscott celebrated the watchdog slamming banks for their shoddy handling and put a figure of £20 million as the amount savers will err…save. Not to miss out the Express also covered this monumental ruling with Esther Shaw touting the victory for savers.
After all this triumphant saver coverage it seems a shame to bring down the mood but unfortunately in other news the humble saver is not having such a rip roaring time. Tricia Phillips of the Mirror looked at the plight of savers who are not eligible to put their money in the best savings deals and Sylvia Morris wrote in the Mail about the savers who will find their income halved due to maturing fixed rate bonds.
But enough doom and gloom – to lighten the mood Rosie Murray-West in the Telegraph money section informed readers of the top five paying Isas as Consumer Focus estimated that a staggering 15 million savers could be losing out on up to £3bn in interest every year – you have been warned!
Other saving related story’s included, for the iPhone users among you, the top 10 money-saving apps for the spanking new iPhone (that is once you’ve learnt to hold it correctly) in the Mail. Vouchercloud gets our vote, especially as, unlike a couple of others, you don’t have to spend money to save money…
Round up of the topics is as follows:
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