Savings News

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.

The average person in the UK is 59 before they accept their mortality and decide to write a will, according to a study by The Co-operative Legal Services (CLS).

TISA is calling on Government to make a cash ISA the default option for funds in Saving Gateway accounts upon reaching maturity.

Almost 20,000 ASDA employees are today celebrating the fact they will share in a £37.5 million payout as a result of participating in a Save-As-You-Earn (SAYE) employee share plan.