Savings News
More bad news for savers
The decision of the Monetary Policy Committee to hold the bank base rate at 0.50% prolongs the period of poor returns for savers.
76% will not invest in cash while base rate remains at 0.5%
While the Bank of England's decision to keep the base rate at 0.5% for the 11th consecutive month is unarguably the only realistic option, 76% of investors have had enough of dismal savings rates, saying they are not interested in investing in cash.
Low interest rates prompt rush for risk assets
Financial advisers are predicting a significant return to the stock market in 2010, with almost three quarters (72 per cent) expecting an increase in the number of clients looking to invest in equities over the coming 12 months, according to new research commissioned by Prudential.
Over-50s get back into ISAs
Investors aged 50-plus have more than doubled lump sum contributions into share-based Individual Savings Accounts in response to the Government's increase in ISA allowances, new analysis from Virgin Money shows.
Brits increase savings pot
New research from Birmingham Midshires' Saving Britain campaign suggests Brits have increased the amount they are saving on a quarterly basis by 136% compared to this time last year.
Women savvier with the way they spend and save
Retailers might be disappointed to learn that new research by The Co-operative Bank Savings reveals that three quarters (75%) of women will not be splashing out on impulse buys this year.
Simple household checks that can save you money
As the snow thaws across most of the UK and more cold weather arrives, householders need to take immediate action even if they were fortunate enough to avoid an escape of water during the recent cold snap.
£3 million already saved for Christmas 2010
With 339 shopping days until Christmas, Yorkshire's members have already saved over £3m in the Society's Christmas Saver account which pays a fixed interest rate of 3.50% gross/AER.
Post Office launches new Growth Bond and Fixed Rate Cash ISA
The Post Office has launched two new competitive savings products to cater for the varying needs of today's savers.
Inflation increase is a kick in the teeth for savers
Today's announcement by the Bank of England on the biggest increase in inflation since records began spells bad news for savers with only a handful of savings products now paying high enough interest to offset the effects of inflation.
Building societies triumph again in consistency survey
Building societies have once again dominated the first Moneyfacts consistency survey of 2010, with 72.5% of all accounts listed as performing consistently.
A headache for savers as CPI begins to spiral
The consumer price index again rose sharply to 2.9%, spiralling above the Government's target of 2% for the first time since May.
Cater Allen launch new income structured product
Cater Allen Private Bank, part of the Santander Group, launched its first new structured product of 2010. The bank is starting the decade with the introduction of a five year FTSE 100 linked plan that offers the potential for an income paid in each of the five years of the term, offering a return equivalent to 6.5 per cent of the initial investment per annum gross).
A delay of 10 years could half your savings pot at age 65
With Christmas out of the way for another year, there's time for people to turn their attention to saving again - not just for next Christmas, but also for the longer term.
Five years, five million savers
What a difference five years make - back in 2005 interest rates were on the rise and the UK savings ratio was headed for its lowest point in nearly half a century - fast forward to 2010 and the trends have reversed with one savings scheme in particular leading the march and engaging the UK population; the Child Trust Fund (CTF).