Tagged: savings

November 6, 2024 @ 8:34 am By Omar Faridi  |  

The savings market is reportedly set to benefit as clients weigh impact of higher CGT. Nearly seven in ten (69%) UK IFAs believe most clients will hold investments longer now to defer paying higher CGT, according to the latest Flagstone Base Rate Poll. 17% of… Read More

November 2, 2024 @ 4:20 pm By Omar Faridi  |  

Bitpanda noted that October 31st marked World Savings Day, a global reminder to prioritize financial wellbeing. Bitpanda also mentioned in a blog post that while traditional savings accounts have been a fairly popular choice over the years, the current dynamic financial landscape offers more innovative… Read More

October 20, 2024 @ 10:57 pm By Omar Faridi  |  

Latin America’s digital assets firm Bitso recently noted in an update covering the benefits of stablecoins that when consumers have medium- or long-term plans to make any type of purchase or transaction, they tend to create a savings fund that “allows them to achieve their… Read More

October 2, 2024 @ 7:20 pm By Omar Faridi  |  

PhonePe announced its partnership with Jar to launch its new product offering ‘Daily Savings’ on its platform, enabling users to save money in 24K digital gold via “incremental daily contributions.” With Daily Savings, users are able to set aside as little as ₹10 per day,… Read More

October 2, 2024 @ 7:54 am By Omar Faridi  |  

Pension funds are delivering more sizeable returns than UK savers had been expecting with average annual growth during five years reportedly nearing 8% for those 30 years from retirement. This, according to an update from PensionBee. PensionBee’s Pension Performance Benchmark analysis, which has reportedly examined… Read More

September 19, 2024 @ 11:40 am By JD Alois  |  

Fintech Raisin is a savings platform that streamlines the process of uncovering the best savings rates on the market. Yesterday, the US Federal Reserve slashed benchmark rates by 50 basis points – a larger move than many expected. Today, markets are rallying as observers believe… Read More

September 16, 2024 @ 6:16 am By Omar Faridi  |  

Despite the financial pressures facing young people, NatWest’s latest Savings Index reveals younger generations are building positive savings habits, breaking traditional taboos around talking about money, and “seeking innovative ways through social media to create a more secure financial future.” Almost nine in ten (86%)… Read More

September 16, 2024 @ 6:14 am By Omar Faridi  |  

UK’s digital bank Zopa has surpassed £5 billion in customer deposits. The update from Zopa Bank comes four years after getting its banking licence and four months after exceeding its £4 billion deposits milestone. The milestone reflects the convenience, accessibility and competitive rates offered with Zopa… Read More

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