One way to beat low savings rates is to overpay your mortgage, says the Mail. Every extra £1 you use to pay off the loan saves you the interest you’re paying on the mortgage, which is usually much higher than the savings rates on offer from banks and building societies (Wealth Managers Bristol).
Tesco admitted that 40,000 of its bank’s 136,000 current accounts had been hacked and money stolen from about half of them. Though many banks have previously had individual accounts hacked, this is believed to be the largest hack in the UK involving theft of money from a large group of accounts (Wealth Management Bristol).
Donald Trump’s victory in the US presidential election has been called “Brexit all over again” as investment firms warn of an environment of unprecedented political risk (Financial Planning Bristol).