Savings News

Bradford & Bingley launches three new innovative savings products that guarantee to match the Bank of England's Base Rate plus 0.25% p.a. for life.

Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: "The Monetary Policy Committee (MPC) is currently trying to balance the scales between inflation and base rate.

We've all seen the best buy tables but what's happened to the consumer who takes out the ‘average' product?

Cater Allen's deposits have exceeded £6 billion for the first time since it was founded in 1816 in Blackburn.

New research by Zurich has revealed that 57% of the UK population aged 18 and over has never sought advice from a financial adviser. The research was undertaken to understand how UK consumers are planning for their financial futures.

Consumers are not saving as much as they want to, according to latest figures from Nationwide Building Society's savings barometer.

NS&I (National Savings and Investments) will be increasing the interest rates on its fixed rate investments by up to 0.75% per annum on 18 June 2008.

Yorkshire Building Society has been named 2008 Best Regular Saver Account Provider. The accolade was awarded by Moneyfacts, the independent provider of personal finance information and supplier of best buy tables to many newspapers.

Britain's richest and poorest households are opting to stash their cash under the mattress in the wake of the credit crunch.

A review by Sainsbury's Finance of 10 best-buy savings accounts from February 2005 identified by Moneyfacts reveals that collectively they were paying an average of 5.23% interest, which was 0.48% above the Bank of England base rate at the time.

The Financial Services Compensation Scheme (FSCS) has started paying compensation to 520 members of the Inner Preston Credit Union in Preston, Lancashire and 96 members of the Peterlee Credit Union in Peterlee, Durham.

As the average Brit reaches 40 years of age they may like to think that, as the cliché goes, life begins. But financially it's not so, according to research by money website Fool.co.uk.

The old adage of having "rainy day savings" appears to be a thing of the past, with one in six people (16%) having to rely on credit to fund basic household breakdowns.

With plenty of rainy days to save up for this summer, Britannia Building Society has launched a new suite of summer savings products for new and existing customers.

The full extent of Britain's financial inertia was laid bare today when passers-by in London and Manchester were offered a free £5 note, no strings attached.