Savings News

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.

Strong savings inflows to building societies continued into February, with £1.35 billion in net receipts being recorded, according to the Buildings Societies Association (BSA). This is the highest February inflow since 1997.

NS& I (National Savings and Investments) will be decreasing the interest rates on its fixed rate investments by up to 1.10% per annum on 2 April 2008.

The rise in day-to-day living costs is leaving people with no spare cash to put away in savings, according to a new study by the Post Office, and those that are able to save are withdrawing their money shortly after depositing it.

Savers are profiting at the expense of borrowers in the now cut-throat financial landscape of Britain.

As the cost of living increases, families need to be savvy to ensure they have a decent amount of money set aside to survive in an increasingly expensive world.

The current market climate is driving the trend for Jekyll and Hyde savers - as Brits rotate from a nation of willing savers to raiding their nest eggs to keep up with the ever increasing cost of living.

Alliance & Leicester has launched a new great rate of 9.00% per annum gross (6.30% AER) on a one year Fixed Rate Savings Account, available when investing in the Balanced Savings & Investment Plan.

The Financial Services Compensation Scheme (FSCS) is stepping in to protect members of Rotton Park and Winson Green Credit Union Ltd.

Saga Personal Finance is introducing two new saving products with the launch of the Saga One Year 8.00% Guaranteed Equity Bond and the new Saga Telephone Savings Account. These new products further widen the portfolio of savings products available through Saga.

The Co-operative Bank has announced that it will be revising its current Fixed Term Deposit Rate and offering customers a new highly competitive rate of up to 6.62% Gross/AER on a one year term.

Commenting on the extension of the Saving Gateway initiative, Tony Wilcox, head of savings at Halifax: "We welcome the Chancellor's announcement to extend the availability of the Saving Gateway initiative. This is good news for those savers who need the most help.