The best short term rates are disappearing. National Savings & Investments (NS&I) have announced cuts in interest rates to three of its variable rate products to take effect from 12 September, as shown in the table below. The cuts are … Continue reading →

The first six months of 2013 were a roller coaster ride for investors. “The value of investments can go down as well as up”. That familiar warning has been all too true over the first half of 2013, particularly in … Continue reading →

The Government has issued a consultation on allowing transfers between Child Trust Funds (CTFs) and Junior ISAs (JISAs). CTFs were one of Gordon Brown’s recurrent Budget ideas. They eventually became reality in April 2005,with the Government making payments of around … Continue reading →

The Financial Conduct Authority has undertaken some interesting research. Interest-only mortgages are a simple concept: you pay the lender interest and leave all capital repayment until the end of the term. Until the early 2000s interest-only mortgages were commonly accompanied … Continue reading →