Savers looking for advice on where to put their money were in luck this week as the money sections were full of new launches and stories on where to find the best deal.
Savings were up from 11 per cent to 32 per cent of coverage this week, making this the fourth week in six that they’ve clinched the top spot so far this year.
Money Mail looked at Northern Rock’s new version of its Branch Saver which pays 1.64 per cent after tax with a minimum saving of £1. According to the Mail, the rate makes it a top payer account that can be run through high street branches. Alternatively, savers who are willing to move their money around were recommended the Santander Instant Access Saver 3. The account pays a higher 2 per cent rate, but includes a 1.2 per cent bonus payable for the first year.
Looking at savings from a different angle, Harvey Jones in the Express explored ways savers could navigate around high inflation and low interest rates but still get a fair return on their money. The article focused on the positives and negatives of both fixed-rate bonds and inflation-linked bonds, but concluded that the decision should depend on what savers expect will happen to inflation.
Getting in early on the ISA theme, Emma Simon (@SimpleSimonEmma) in the Telegraph reminded readers that there are just over six weeks left to make the most of their savings. With the ISA allowance set to increase, Emma highlighted that savers will need to think carefully about their attitude towards risk before handing over their hard earned cash.
The rest of the scores on the board were: