Savings Accounts

Abbey launches its new Super Saver on 21 April 2008. The Super Saver is a limited edition 12-month fixed-rate account offering 9.1 per cent if customers put an equal amount or more into any Abbey investment product. Minimum deposit is £1, and maximum investment is £2m.

The majority of savers like the comfort of knowing that if they require immediate access to their money, they can get it. But with some accounts this comes at a price.

Alliance & Leicester's popular Premier Regular Saver account is back. The account, paying 12% pa gross/AER will be available to customers opening an Alliance & Leicester Premier Current Account, from Monday 21 April 2008.

Over 1 million first time buyers have decided to put their property ownership ambitions on ice for at least the next twelve months, according to new research from Abbey Mortgages. That accounts for 67 per cent of all first time buyers.

The Cheshire Building Society has launched a new Premier Postal Savings Account offering a competitive 6.00% gross/5.88% AER including an introductory bonus of 0.75%, guaranteed until the 31st December 2008, subject to a minimum balance of £10,000 being maintained.

Abbey Savings has increased its 50+ Saver rates for those with large balances - up to a market leading 6.50 per cent gross.

Abbey Savings has increased its eSaver Direct account rate to a leading 6.50 per cent gross - including a bonus of 0.75 per cent for 12 months from the date of opening. After 12 months the rate reverts to 5.75 per cent.

Coventry Building Society urges savers to take advantage of its 50 Plus eSave account before it closes on Thursday 24 April.

cahoot will be changing its savings rates on 8 April 2008 with the launch of new tiers offering savers enhanced interest rates.

Scarborough Building Society has launched a new tracker savings account offering the combined benefits of a competitive, variable starting rate and guaranteed returns for the next two years.

Michelle Slade,analyst at Moneyfacts.co.uk, comments: “The savings market at the moment is a hotly contested arena. The credit crunch has seen institutions upping their game and launching products offering fantastic rates.

On Thursday 20 March, Coventry Building Society will be extending its highly successful Sixty-Plus Notice account to the over 50s.

Sean Gardner, Chief Executive MoneyExpert.com said: “With Birmingham Midshires launching an account guaranteed to be 0.5% above Egg’s best offer the knives are clearly coming out in the savings market.

Commenting on the re-launch of Coventry Building Society’s 50 Plus Esave account, Sean Gardner, Chief Executive of MoneyExpert.com, said: “The 50+ market has seen some much-hyped current account activity recently but the savings side has been pretty dull.

On Wednesday 27 February, Coventry Building Society will be re-launching its highly successful 50 Plus eSave account.