Savings News

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.

Newcastle Building Society has announced the launch of its new one year fixed- rate postal bond, with a rate of 6.45 gross/AER on a minimum investment of £5,000.

The Zurich Guaranteed Account 18 is designed to offer intermediaries and their clients' access to potential stock market returns whilst protecting their clients' original capital investment.

Research conducted by Norwich and Peterborough Building Society (N& P), among 1,344 school children aged 5 to 11, reveals that the top five career aspirations for girls are to become a vet, hairdresser, teacher, artist, and singer.

ifs ProShare, the voice of the employee share ownership industry, today welcomed news that Stagecoach Group employees are to share in a £15m+ payout under the Stagecoach SAYE Sharesave employee share plan.