Savings News

David Kuo, Head of Personal Finance at Fool.co.uk, says: "Consumers should not dismiss the 4% rise in company insolvencies as a blip. 3,210 companies went bust between January and March this year, taking the twelve-month running total to over 12,500 businesses.

Newcastle Building Society has announced the launch of its new 5 year Guaranteed Return Account designed to provide investors with the opportunity to invest risk free and achieve a return based on the performance of the FTSE 100 over the next 5 years.

Contrary to popular belief, savings accounts aren't always the ‘low risk' option and could even be seen as a risky choice for long-term savers, says Jonquil Lowe, author of Save and Invest, a Which? essential guide.

Following the decrease in the Bank of England Base Rate from 5.25 per cent to 5.00 per cent, Abbey will be changing its variable savings rates from 1 May 2008.

The standard British family spends on average a staggering £5,000 every year entertaining their children, according to new research from The Co-operative Bank Savings.

Savers are being treated to uncommonly good rates on a wealth of savings accounts, but some of these may be subject to a poorer value product being opened at the same time.

Savers are much more cautious now than a year ago, with one in ten people thinking their money would be safest under the mattress, reveals new research from Newcastle Building Society.

Technological advances will increase the number of people keeping their savings and expenditures secret from their partner by over 300% in the next fifty years, according to NS&I's (National Savings and Investments) Century of Saving report.

Adult children face an unexpected financial twist in their spending cycle - their parents who once gave or loaned them money are now sapping back and returning to their children for financial handouts.

Abbey launches the latest in its range of guaranteed investment products linked to the FTSE 100 and designed to give investors access to the stockmarket with the security of a capital guarantee.

National Savings and Investments (NS&I) is decreasing the interest rates on its variable savings offers by up to 0.25% per annum.

Historically, when base rates changed, savings rates followed suit, but in the current credit crunch, those with spare cash and prepared to move their money around can take advantage of the banks' and building societies' eagerness to attract retail funds.

More than 80,000 UK households are now 3G families with three generations living together as financial pressures force adults with children to provide support to their elderly parents, according to new research from Prudential.

Norwich and Peterborough Building Society (N&P) is increasing the rates of interest paid on its six month and one year Fixed Rate Bonds, and its one year Fixed Rate Mini Cash ISA, with immediate effect.

21 North West hospices are to pick up individual cheques from a total sum of almost £60,000 thanks to Cheshire Building Society and its generous savers.