Cash savers have missed out on £165bn of returns this year when comparing cash interest with the return on global equities, according to a new report.

British savers put over £20bn into cash savings in October, the highest deposits ever seen outside of the Coronavirus pandemic.

The number of cash ISAs increased 11% to 7.9m in the 2022/23 tax year but the number of Stocks and Shares ISAs fell, according to latest figures from HMRC.

The top fixed savings rates have seen significant falls over the past month, according to a new report.

NS&I, the government-backed savings providers, has today cut rates on some of its fixed term products.

Reluctance to diversify and move savings is causing many savers to miss out on better rates, according to a new report for UK Savings Week.