Savings News

There is now an extensive choice of headline rate instant and easy access savings accounts available but savers need to be alert to any restrictive conditions before they invest in an account.

On Friday 29th August, Yorkshire Building Society is launching a new Guaranteed Investment Account that will allow savers to benefit from the potential growth in the stock market over the next six years, without the risk of buying shares.

Current economic conditions have made millions of Britons re-evaluate their financial priorities, according to research from Abbey Savings.

Newcastle Building Society has launched the Clean Energy Select Account exclusively for intermediaries via its dedicated intermediary service, Newcastle IS.

Britain may be teetering on the brink of recession but the value of the average British family's possessions is set to increase in the next five years, according to research by MORE TH>N insurance.

Leeds Building Society became the first UK Building Society to open a Euro deposit taking operation in Ireland on 1st July.

Janet Cane, savings analyst at Moneyfacts.co.uk, comments: "Many providers have realised that there is no more new money in the market and that the only way to increase their balance sheet is to tempt savers' money from their competitors.

The Government should immediately set up a national Home Deposit Savings Scheme offering substantial tax-free bonuses to help struggling first-time buyers get on the housing ladder, says David Pretty CBE, chairman of the New Homes Marketing Board.

Brits are blowing their hard earned savings on holidays, according to new research conducted by Abbey Savings. In fact, over one in four Brits (26 per cent) believe that the best way to spend excess money is to go on holiday, rather than save.

In the current economic climate, 70 per cent of people say that they want to have their money with a bank they know and trust rather than chasing a top rate with an institution they don't know so well according to new research from Lloyds TSB.

As the world marks the first anniversary of the credit crunch, a new survey has revealed that astonishingly, many people enjoy shopping even more now than they did a year ago.

As the economic downturn deepens, Britons are having to raid larger amounts of money from their existing savings to cope with the rising cost of living according to new research from Birmingham Midshires.

Leeds Building Society's Inflation Buster Bond and ISA, which are guaranteed to beat rising inflation by 2.25%, are proving very appealing to both basic and higher rate taxpayers.

At a time when skyrocketing household prices are forcing many Britons to cut back on their spending, new research from ICICI Bank reveals that not everyone is seeing red with the credit crunch.

With news out today that RPI has hit new heights at five per cent savers have to think outside the box in order to make any real return (when taking in to account tax and inflation).