Welcome to your weekly roundup of essential money-saving news and developments! This week brings good news for savers, important updates for travellers, and a look at potential changes to everyday costs.
NS&I Offers Competitive Savings and More Premium Bond Prizes
Savers have reason to cheer as the government-backed National Savings & Investments (NS&I) has increased its offerings. The prize fund rate for Premium Bonds is set to rise, offering more chances of winning from September. It's estimated there will be an additional 308,000 prizes available compared to the previous month, with the prize rate increasing to 4.35%. You can compare Premium Bonds to other savings options to see how they stack up.
Beyond Premium Bonds, NS&I has also introduced new fixed-rate savings accounts that are highly competitive, with some rates paying up to 4.85% interest. These new NS&I fixed-rate savings are close to topping the market tables, providing a strong option for those looking to lock in a good return on their savings.
Free 24/7 Bus Travel for Disabled Passengers in England
A significant change has been announced for disabled people across England: they will now be able to use their free bus passes 24 hours a day. The government has removed previous time restrictions on concessionary travel rules, meaning eligible passengers can travel for free at any time. This update offers considerable savings and increased flexibility for millions.
Potential Taxi Fare Hike Proposed
On the cost front, taxi drivers are urging councils to approve an 8% fare hike. This proposed increase aims to help drivers manage rising fuel prices and the ongoing cost of living. If agreed, the taxi fares could rise by 8%, impacting the cost of travel for many.
Calls to Reduce Solar Panel Loan Costs for UK Homes
Looking to the future of energy savings, there's a push for ministers to reduce the cost of loans for installing solar panels on UK homes. A new report suggests that 'solar bonds' could help fund wider access to clean energy, potentially reducing household bills by hundreds of pounds a year. This could make environmentally friendly energy more accessible and affordable for lower-income households.
Navigating New EU Border Checks for UK Travellers
For those planning holidays in the EU, be aware of the new EES digital entry and exit system. UK travellers have reported frustration, visa mix-ups, and long queues due to these checks. Described by some as 'pretty shambolic', these new EU border checks are causing stress for UK travellers. It's advisable to factor in potential delays and plan accordingly to avoid unexpected travel costs or missed connections.
Stay informed and keep an eye on these developments to make the most of your money. Check back next week for more updates!
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