{"id":7898,"date":"2016-03-14T14:00:10","date_gmt":"2016-03-14T07:00:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/isa-season-fails-to-boost-lowest-ever-savings-rates\/"},"modified":"2016-03-14T14:02:26","modified_gmt":"2016-03-14T07:02:26","slug":"isa-season-fails-to-boost-lowest-ever-savings-rates","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/isa-season-fails-to-boost-lowest-ever-savings-rates\/","title":{"rendered":"Isa season fails to boost lowest ever savings rates"},"content":{"rendered":"


\nIndustry expert blames government\u2019s funding for lending scheme for poor returns on Isas and savings accountsSavings rates have plummeted to the lowest level in history at a time when banks and building societies are typically trying to attract savers\u2019 cash.Instead of raising rates during Isa season, providers have been slashing them. Today the average easy access cash Isa pays 1.05%, compared to 1.51% five years ago, according to financial analyst Moneyfacts. The average rate on an easy access savings account, meanwhile, has slumped to 0.61% compared to 0.85% five years ago. This is barely above the Bank of England base rate, which has stood at 0.5% since 2009. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Isa season fails to boost lowest ever savings rates<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Industry expert blames government\u2019s funding for lending scheme for poor returns on Isas and savings...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-7898","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-23o","jetpack-related-posts":[{"id":15238,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nationwide-cuts-interest-rates-on-cash-isa\/","url_meta":{"origin":7898,"position":0},"title":"Nationwide cuts interest rates on cash Isa","date":"June 2, 2016","format":false,"excerpt":"\r Building society becomes latest financial provider to cut rates, as diminishing returns mean insititutions fall out of love with savings schemeNationwide has become the latest big-name savings provider to cut the interest rates on its range of cash Isas, to reflect what the building society says is the general\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8236,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/has-the-cash-isa-become-pointless\/","url_meta":{"origin":7898,"position":1},"title":"Has the cash Isa become pointless?","date":"March 23, 2015","format":false,"excerpt":"\r With its 7.25% tax-free interest rate, people raved about Labour chancellor Gordon Brown\u2019s new savings vehicle in 1999. Not any longer Boyzone, the Backstreet Boys and Westlife were topping the charts in 1999, and then chancellor Gordon Brown scored a little hit of his own. In April, he launched\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1196,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savings-rates-hit-record-low\/","url_meta":{"origin":7898,"position":2},"title":"Savings rates hit 'record low'","date":"January 11, 2016","format":false,"excerpt":"\r Interest rates, as measured by the average easy-access cash Isa rate, are just slightly above 1%, says MoneyfactsSavings rates have hit a record low, according to data published on Monday, just as thousands of people are expected to start looking for a new home for their nest-egg cash when\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82404,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cash-isa-rates-are-on-the-rise-but-there-is-a-catch\/","url_meta":{"origin":7898,"position":3},"title":"Cash Isa rates are on the rise – but there is a catch","date":"March 10, 2018","format":false,"excerpt":"\r Savers keen on grabbing the best rates will have to lock their cash away for a long timeCash Isa rates are allegedly on the up, though it may not feel like it. The best-paying easy-access cash Isas are offering little more than 1%, and to get 2.25%, the very\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9372,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nsi-cuts-interest-rates-for-millions-of-savers\/","url_meta":{"origin":7898,"position":4},"title":"NS&I cuts interest rates for millions of savers","date":"March 29, 2016","format":false,"excerpt":"\r Investment, direct Isa, direct saver and income bond accounts will all be affected by National Savings & Investments\u2019 decision to reduce rates Millions of savers were dealt a blow after National Savings & Investments cut the interest rates on many of its accounts. NS&I has also slashed the number\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44664,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-new-isa-is-offering-tax-free-returns-of-12-so-whats-the-catch\/","url_meta":{"origin":7898,"position":5},"title":"A new Isa is offering tax-free returns of 12% \u2013 so what\u2019s the catch?","date":"February 18, 2017","format":false,"excerpt":"\r The \u2018innovative finance\u2019 Isa is being hailed by some as the answer to years of miserable interest rates. We look at who\u2019s offering them and how they workIt\u2019s the new type of Isa offering returns of up to 12% \u2013 or perhaps even 20% in future. But are rates\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/7898"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=7898"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/7898\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=7898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=7898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=7898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}