Savings News
Savers aiming to build up £5,000 pot in 2012
People are saving for holidays and home ownership more than anything else in 2012, and those who have set clear targets are already well on their way towards achieving their goal, according to the latest data from Lloyds TSB's Money Manager.
Falling inflation is good news for UK savers
Today's announcement by The Bank of England that inflation has fallen to 3.0 per cent, from 3.5 per cent in April, is a welcome boost for UK savers as 46 saving accounts now beat inflation, according to MoneySupermarket.com.
Brits underestimate the cost of life's big events by £132,000
People are dramatically underestimating the cost of life's big events such as weddings and first house deposits, reveals new research from HSBC.
UK investors shun long-term saving
Investors in the UK are adopting a short-term approach to their savings compared to those in the Middle and Far East according to a new investor sentiment survey from Friends Life.
Fretting about finances limits savings success
Brits who spend more of their time fretting about their finances rather than planning what to do with their money, are saving significantly less than those who concentrate on managing their money.
Saving money rather than spending it is top priority for thrifty retirees
The top priority for people intending to retire this year is saving money to ensure they have enough to live on in retirement. Nearly 6 out of 10 people (57 per cent) said saving will be a top priority, according to new research from Prudential.
Men save a £1,000 a year by browsing the web for the best deals
Research carried out online by Standard Life suggests that men are set to outshine women when it comes to surfing for online savings this Easter bank holiday weekend.
Savings levels increase for the first time since spring 2011
This winter, savings levels have risen for the first time in two quarters, according to data from NS&I's Savings Survey.
UK savers losing money in dead end accounts
A Which? investigation has revealed that UK savers could be losing out on almost £13 billion in interest each year by failing to switch savings accounts, an increase of half a billion pounds since October 2010.
One in five Brits have no savings
With many consumers continuing to feel the effects of the wider economic pressures, new research by The Co-operative Bank reveals that one in five Brits (20%) actually have no savings set aside for life's emergencies.
Spring clean your finances and save thousands
Switching household bills can save over £1,000, but switching main financial products such as mortgage and current accounts could save over £3,500.
Don’t spend what you don’t have - Top money saving tactic in UK
Research carried out for Standard Life suggests that, in the last three years, 5.3 million additional UK adults have started adopting money saving habits, such as reviewing their utility providers, going online to find the best deals and using online voucher codes to save money.
The kids are all bright
Education and savings top the list for most children if they were given a Junior ISA (JISA) lump sum at 18 years old. However parents underestimate what their children would do with the money, according to research from Post Office Savings.
Halifax offers ten savers £100k each in super Savers Prize Draws
Halifax has announced that it will be offering ten prizes of £100,000 in the May and June Halifax Savers Prize Draws in an effort to encourage savers to take advantage of their tax free ISA allowance.
23 million Brits stopped or reduced saving in the last year
Research by MoneySupermarket has revealed that nearly half of Brits (47 per cent) have stopped or reduced the amount they save in the last year.