Tagged: savings

ClearBank Partners with Digital Investment Platform Wealthify

ClearBank Ltd., the enabler of real-time clearing and embedded banking for financial institutions, announces its partnership with digital investment platform Wealthify, which has enabled the company to launch its first Instant Access Savings Account. The partnership allows Wealthify to “provide this innovative savings account to… Read More

Fintech Savings App Kaldi Secures £472,875 via Crowdcube

Kaldi App, whose developers are on a mission is to transform the savings habits of Gen Z & Millennials by getting them to save earlier & better, has raised £472,875 from 140 investors at the time of writing with 25 days left in the firm’s crowdfunding… Read More

UK Savers’ Most Significant Financial Achievements: Home Ownership Tops List, According to PensionBee Research

Buying a home and paying off the mortgage are the “biggest financial wins” that make people proud, while living in debt and spending beyond one’s means are the “nation’s biggest regrets,” according to research shared by online pension provider PensionBee. A survey by PensionBee has… Read More

France: AMF Savings and Investment Barometer Shows Interest in Investing in Stock Market at Highest Level

The Autorité des Marchés Financiers (AMF) has published the 7th edition of its Savings and Investment Barometer on investment trends. After the sharp fall seen in 2022, more retail investors are “planning to invest in equities in 2023.” This renewed interest is being driven in… Read More

Saudi Arabia: Fintech Savings Platform Hakbah Raises $5.1m in Series A Funding

Saudi Arabian fintech savings platform Hakbah has successfully raised $5.1 million in a Series A funding round, a substantial boost for the savings platform’s growth and innovation strategies. The round was anchored by venture capital firm VentureSouq and backed by new investors M-Capital and Bunat… Read More

UK Pension Savers Choosing Fossil-Fuel Free Plans are Likely to Have Seen Higher Returns – PensionBee Analysis

Pension savers choosing fossil-fuel free pension plans are likely to have seen higher returns during 2023 than those in mainstream default plans, according to analysis by PensionBee, an online pension provider. Comparing the MSCI ACWI ex. Fossil Fuels Index, which “excludes oil and gas producers,… Read More

US Is Facing Retirement Crisis: 56 Million Privately Employed Americans Lack Access to Savings Programs via Employers – Report Claims

Betterment at Work, a provider of modern financial benefits for today’s diverse workforce, today released a new survey on the state of retirement readiness across the U.S. workforce. The report, which tracks year-over-year trends “from 2022, polled 1,000 full-time U.S. employees to examine how retirement… Read More

Smart Pension Appointed to Provide Services to ISS UK, the Workplace Experience and Facility Management Firm

Smart Pension, one of the UK’s workplace pension schemes, has been appointed to provide a workplace pension by ISS UK, the nation’s workplace experience and facility management company. The appointment reportedly “represents some 19,000 active and 43,000 deferred employees and £200m in Assets Under Management.”… Read More

Robinhood Raises Interest Rates for Gold Members to Help Clients with Increasing their Savings

Robinhood (NASDAQ: HOOD)  is raising interest rates once again for Gold members, which is reportedly 8x higher than “the national average savings rate.” As noted in a blog post, the platform is raising the Robinhood Gold rate again – this time to 5.0% APY, their… Read More

Pega Assists UK’s Shawbrook with Reducing Mortgage Processing Times

Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world’s leading enterprises to Build for Change, announced that Shawbrook, a UK-based specialist savings and lending bank, has deployed Pega Platform “to transform its buy-to-let mortgage underwriting process.” Shawbrook continues to “invest in its unique… Read More

Germany’s Digital Bank N26 Is Offering Up to 2.6% Interest on Deposits with Instant Savings

N26 announced an important extension to its product portfolio with the launch of a flexible Instant Savings account. From today, customers in Germany can “benefit from up to 2.6% interest p.a. with transparent conditions, and without deposit limits or additional costs involved.” The overnight savings… Read More

UK’s Allica Bank Reveals a “Hidden” £7.5B Per Year Savings Penalty on Hard-Pressed SMEs – Report

Allica Bank claims that it is “exposing” a “hidden” £7.5 billion a year savings penalty on the country’s hard-pressed SMEs – and is calling “on the wider banking industry to give SMEs a better deal.” While the cost-of-living crisis has led to significant pressure on… Read More

UK’s PensionBee Comments on Long-Term Benefits of Saving Extra Income

Analysis by PensionBee, an online pension provider, has found that putting a pay rise in a pension now can “lead to a bigger rise in annual retirement income later on.” Regular pay including bonuses in the UK “rose 8.5% in the year to July 2023,… Read More

UK-based Online Bank cahoot Increases Interest Offered on Certain Saver Accounts

cahoot, the UK-based online bank, has increased the interest offered on its Simple Saver account. cahoot Simple Saver (issue 2) now “pays customers 5.12% AER/gross variable rate interest for 12 months, on balances up to £500,0001.” Simple Saver (issue 2) is described as an easy… Read More

Chase and Bank of America Offer a Measly 0.01% Savings Interest Rates, Raisin Promotes a 5.42% Offer

Mr. Potter Banker Banking (1)

  Chase and Bank of America are the big losers when it comes to providing a savings rate for their account holders. Currently both Chase and B of A offer a interest rate on their savings account of a measly 0.01% (APY). What do you… Read More

£300K in Pension Wealth May Be Accumulated by Making Early Contributions to Accounts, PensionBee Research Claims

Parents could help provide more than £300,000 in pension wealth for their kids by the time they reach retirement age “by contributing to their child’s pension from the age of 18,” according to new research shared by PensionBee. As concern grows around the sustainability of… Read More

New Jersey Selects Fintech Vestwell to Support Retirement, Savings Program

Vestwell, the employer and individual savings platform, announced New Jersey has selected the company as its program administrator for the Secure Choice Savings Program. The partnership will provide New Jersey residents access “to modern retirement plans through their employers and marks Vestwell’s seventh state-facilitated retirement… Read More

UK’s Standard Life Teams Up with Moneyhub, the Open Banking Platform, to Provide Pensions Dashboard

Standard Life, part of Phoenix Group, which claims to be the UK’s largest long-term savings and retirement business, has partnered with Moneyhub, the Open Banking and Open Finance platform, to deliver its pensions dashboard. This marks the first UK provider to commit to offering a… Read More

Giga High Rates Drive Savings Accounts, Raisin Reports “Record Growth”

Raisin, a German Fintech that has built a marketplace for savings vehicles allowing users to find the best rates available, is reporting “record growth” during a period of super high interest rates. The European Central Bank, the Bank of England, and the US Federal Reserve… Read More

Switzerland: PostFinance Increases Interest Rate on Retirement Savings Account

The Swiss National Bank (SNB) announced today that it is not currently making any changes to the policy rate. However, PostFinance is continuing to “enable its customers to participate in the positive interest rate environment and is increasing the interest rate on the retirement savings… Read More

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