About Claire Jones

UK savers are expected to transfer £7tn between generations by 2050 as part of the ‘Great Wealth Transfer’. The concept of ‘giving while living’ is allowing baby boomers to pass their wealth onto generation X and millennials – helping to reduce the amount of tax they owe.

Chetwood Bank, in collaboration with Flagstone, is offering new, limited-time-only fixed-term savings rates

£1.3 trillion of UK savings is sitting in low interest savings accounts earning less than 50% of the Bank of England base rate