Savings News
UK families saving nine times less than families in China
So how much savings do UK families have and how does this compare to Germany and China? The UK household savings ratio, (saving proportion of a consumer's disposable income) has seen a downward trend over the past decade.
Debts soar in last year as UK families struggle to save
Families in the UK are struggling to build up their savings as the impact of inflation puts pressure on incomes and debt levels, according to research from the latest Aviva Family Finances Report.
Higher number of female savers, but it's men who save more cash
Hundred's of thousands of customers using NatWest's free tool to help hit their savings targets has revealed new data about savings priorities across gender, age and location.
Zurich launches new Equity Linked Growth Account
Zurich UK has launched the latest in its new range of Deposit Accounts. Available immediately, the Zurich Equity Linked Growth Account 8 (ZELGA 8) runs for five years and is linked to the performance of 15 of the largest stocks in the FTSE 100 Index.
Brits benefit from improved savings and mortgage rates in 2012
Brits wanting to kick start 2012 with a financial bang are set to reap the rewards from greater competition in the market with the average savings rates up, average mortgage rates down, lower APR's on loans, and record promotional deals on credit cards, according to analysis by MoneySupermarket.com.
Make your financial well being your number one New Year resolution
With the New Year already here and people trying to stick to their New Year’s resolutions, Fidelity Worldwide Investment is urging the nation to take control of their savings.
A quarter of Brits haven't switched and saved in the last 12 months
New research by Gocompare.com has revealed that although 65 per cent of consumers are anticipating 2012 to be a very difficult year financially, over 12 million of them haven't switched any of the 20 most common financial products including car insurance, home insurance, energy provider, credit card or mortgage lender in the last year.
Most Brits fail to save for Christmas
According to a new survey by The Co-operative Bank, only 42% of Brits saved for Christmas this year.
How to make the most of your savings in 2012
The combined effects of low interest rates and high inflation are having a significant impact on the nation's savings, with the vast majority of savers losing money in real terms.
InvestorBee offers an insight into investing
InvestorBee has launched as a solution for consumers who face an infinite number of choices when it comes to saving and investing. They might be trying to save for their first home, children’s education, or retirement, but how do they choose from the endless possible combinations of saving and investment products on offer and how do they know whether they’ve made the right choice?
Northern Rock and Virgin Money savers reassured on compensation limits
Following the Chancellor's announcement that Northern Rock is being sold to Virgin Money, the Financial Services Compensation Scheme is issuing guidance to those savers who currently have money with both institutions.
Average rate for two year fixed rate deposit accounts up 0.23%
The average rate for a two year fixed rate deposit account (with a minimum deposit of £10,000) has increased from 3.16% in January 2011 to 3.37% at the end of October 2011, according to research commissioned by Close Brothers Savings.
Brits hide £4.6bn from their partners in secret savings stashes
Fifteen per cent of Britons over the age of 40 and living with their partner choose to keep some or all of their savings hidden from their spouse or partner, according to the latest research from Prudential which examines couples' attitudes to financial planning.
Brits most financially flush at 48
It seems our forties really are fabulous as new research from MORE TH>N Home Insurance reveals Brits are worth the most at 48, when the value of our possessions peaks at £52,587.
Savers reap rewards by setting specific goals
British savers who set themselves goals are likely to save 44% (£42.50) more each month than those without such a savings objective, according to new data released from NS&I's Savings Survey.