Savings Accounts

Only five days after the bad news that Barclays had reduced its savings rates again, today we will see the launch of a great new instant access savings account from West Bromwich BS.

Alliance & Leicester has launched a new great rate of 8.00% per annum gross (5.15% AER) on their one year Fixed Rate Savings Account, available when investing in the Balanced Savings & Investment Plan.

Yorkshire Building Society has announced a new tiered Bank of England (BoE) tracker savings account aimed specifically at the over 50’s savings market – the Advantage 50+ Saver.

New savings account offering a market-leading interest rate of 6.40%, has been launched by The Nottingham, one of the UK’s leading regional building societies.

Next week, Nationwide Building Society celebrates the first anniversary of its Regular Savings account – an account which attracts, on average, 10,000 new accounts each month.

For savers who are fed up with excessive rate cuts or too busy constantly to switch between short term deals.

Commenting on Bradford & Bingley’s new easy access account paying 6.4 per cent, Kevin Mountford, head of savings at price comparison site moneysupermarket.com, said: "While there has been a great deal of focus on providers cutting savings rates since December's Bank of England decision, it's great to see a new product paying over six per cent.

Bradford & Bingley has responded to demand from cyber savers and launched Internet Saver 2, an internet only account with no gimmicks, no hidden catches. Just a simple, straightforward, easy to access, superb online rate.

Halifax has launched the Carbon Trust's pilot carbon reduction label for the Halifax Web Saver account, one of the group's most popular savings products with more than 1.1 million accounts.

Next week marks the 50th anniversary of the maiden flight of the Boeing 707, which marks the start of the “jet age” of commercial jet travel. This transformed the world, heralding an era when people could travel the world, and connecting societies around the globe.

Britain’s bad boys and ghastly girls were made to pay through the pocket for misbehaving over the past year, according to research from Abbey Banking.

AA Savings has improved on its best-buy performing telephone account with launch of the easy-access Telephone Access Plus Account which offers an interest rate of 6.50 per cent gross/AER, including a six-month bonus of 0.20 per cent gross.

Bradford & Bingley has launched the What If? Saver (Special Edition), an attractive instant access savings account with an enhanced variable rate of 6.25% p.a. gross (5.75% AER), further increasing the bank’s highly competitive savings range.

Neville Richardson, Group Chief Executive of Britannia, said: "Getting on to the property ladder is not just about choosing the right mortgage; it's also about saving money for a deposit and making the right lifestyle choice.

Following today’s base rate reduction, the interest rates on many top paying variable savings accounts in the market place will be cut.