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Savers plough cash into stocks and shares ISAs 

Business is booming for investment platforms as savers who stored up extra cash over lockdown flocked to the markets to put it to work. Investors piled into stocks and shares ISAs in the three months to June, to take advantage of a stock market rebound, and shunned rock-bottom savings rates. …

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Savers endure over 160 cuts in a month

Savers have suffered more than 160 interest rate cuts overall in four weeks. It comes after last month’s announcement by National Savings & Investments (NS&I) of rates so low that the Treasury-backed bank is no longer seen as a major player. Popular easy-access accounts and fixed-rate deals have been hit, …

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