Tagged: savings

September 9, 2024 @ 9:56 pm By Omar Faridi  |  

Student workers could add thousands of pounds to their pension if the Government presses ahead with the extension of automatic enrolment to 18-year-olds, according to new research from PensionBee, the online pension provider. More than half of full-time students “work an average of 14.5 hours… Read More

August 27, 2024 @ 2:40 pm By Omar Faridi  |  

LendingClub Bank, America’s digital marketplace bank and a subsidiary of LendingClub Corporation (NYSE: LC), announced the launch of LevelUp Savings, a high-yield savings account that rewards members with competitive rates for making ongoing monthly deposit contributions. Scott Sanborn, LendingClub CEO said: “We’re excited to offer… Read More

August 19, 2024 @ 11:32 pm By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, has launched two new products tapping into retail banks’ core business: everyday spending and saving. Launched in 12 countries across Europe and the US, this marks “a significant step forward in Klarna’s mission to disrupt retail… Read More

August 7, 2024 @ 8:16 am By Omar Faridi  |  

finova Broker, formerly the eKeeper Group and part of finova, the UK’s cloud-based mortgage and savings provider, has announced its integration with Cashflows, the platform that makes it easier to accept payments digitally. This new feature allows mortgage brokers to “take payments for administration and… Read More

August 7, 2024 @ 8:08 am By Omar Faridi  |  

British pension savers may only support the investment of their retirement funds in UK-based growth businesses “if they demonstrate strong returns,” new research suggests. A third (33%) of Brits believe pension “schemes should only be obliged to invest in UK assets” – as announced in… Read More

July 22, 2024 @ 8:54 am By Omar Faridi  |  

Bondsmith, which says it is empowering clients to unlock the full potential of cash with innovative financial solutions via trusted partnerships,  announced that they have joined forces with abrdn in order to launch a fully integrated cash savings solution, providing their clients with even greater… Read More

July 17, 2024 @ 7:59 am By Omar Faridi  |  

Social media may be inspiring a new generation of savvy savers and fiscally responsible young adults, with 74% of Gen Z participating in social media-driven challenges to boost their overall savings, as revealed in the latest NatWest Savings Index. In comparison to other age groups,… Read More

July 16, 2024 @ 6:06 pm By Omar Faridi  |  

Acorns, the savings and investing app for everyday Americans, has announced a key product update. In a note shared with CI, Acorns mentioned that Later Match is “a recently launched feature that offers a 3% and 1% IRA match on new contributions for people using… Read More

July 6, 2024 @ 2:00 pm By Omar Faridi  |  

Cashbee are pleased to announce their €7.5M capital raising and would like to highlight key aspects of this transaction. The Cashbee investment round is led by MIF (Mutuelle d’Ivry La Fraternelle) with the participation of several of their historical shareholders, “including 115K, La_Banque Postale ‘s… Read More

June 27, 2024 @ 8:47 am By Omar Faridi  |  

Mintos is introducing Mintos Smart Cash to help clients with earning up to 3.75% on their cash. Mintos Smart Cash is described as “a new way for investors to earn attractive returns on cash.” This new offering from Mintos lets investors “earn returns on their… Read More

June 20, 2024 @ 10:11 am By Omar Faridi  |  

As of 18 June 2024, PostFinance is reportedly the first major Swiss retail bank to offer its customers access to the saving plan function for ETFs, shares and themed certificates. Philipp Merkt, Chief Investment Officer at PostFinance said: “Thanks to their simplicity and cost efficiency,… Read More

June 18, 2024 @ 11:07 pm By Omar Faridi  |  

Ubank has announced a new bonus interest rate for savers. This update from Ubank comes as new Gen Z and Millennial research reveals “the rising cost of living is making it increasingly difficult to manage their finances yet they remain optimistic about their savings and… Read More

June 17, 2024 @ 8:29 am By Omar Faridi  |  

Visa Inc. (NYSE: V) announced the relaunch of Visa SavingsEdge, aimed at delivering greater value to small businesses (SMBs) across the United States and Canada. For more than a decade, Visa SavingsEdge has provided “eligible Small Business cardholders with the savings, tools and resources to… Read More

June 17, 2024 @ 7:30 am By Omar Faridi  |  

Prosper, the savings and investments wealthtech founded by Nick Perrett and Ricky Knox, formerly of Tandem Bank, has reached its £800,000 Crowdcube target before launching to the public. Nick Perrett, Prosper’s CEO said: “We have been overwhelmed by the early show of support in the… Read More

June 10, 2024 @ 8:33 am By Omar Faridi  |  

Revolut, the global fintech with over 8 million UK customers and 40 million globally, is  introducing Wealth Protection, which is described as an extra layer of in-app identity verification, designed to prevent thieves from accessing customer savings within the Revolut app. Wealth Protection will help… Read More

June 4, 2024 @ 7:14 am By Omar Faridi  |  

Playing the lottery can be fun – there’s a slim chance you might win a life-changing sum of money, the PensionBee team notes in a blog post. However, new modelling from PensionBee, reveals if the approximately 50% of UK adults who regularly “enter the National… Read More

June 2, 2024 @ 8:00 pm By Omar Faridi  |  

Westpac claims that it has helped customers earn $21 million in interest through savings prompts. To provide greater transparency around savings interest rates, Westpac says that it “has introduced mobile phone push notifications which alert customers about how they can earn bonus interest on their… Read More

May 27, 2024 @ 11:03 pm By Omar Faridi  |  

Pension savers are strongly backing shareholder calls for Shell to further reduce its greenhouse gas emissions by 2030, according to an update from PensionBee. A survey of pension savers by PensionBee revealed “that almost 60% of respondents – equal to nearly 18.5 million pensions savers… Read More

May 16, 2024 @ 8:31 am By Omar Faridi  |  

UK consumers are expecting to save more this year yet are unaware that the interest earned on their savings could result in being eligible to pay tax, according to an update from NatWest. Almost a third (31%) of savers are “expecting to save more and… Read More

May 14, 2024 @ 10:34 am By Omar Faridi  |  

According to the UK’s Financial Conduct Authority (FCA), 24% of UK adults have expressed low confidence in handling their money, and 38% admitted to having low knowledge of financial matters. But as the cost-of-living crisis rumbles on, with precious little relief offered by the Government’s… Read More