Savings News
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.
Take a diet cola break and save for Christmas
With 9% of people saying they'd spend over £500 on Christmas gifts for their immediate family first direct have identified an easy way to save enough in time and have plenty left over for the work Christmas party.
Brits have more gold than they do cash savings
With gold prices hitting record highs, the homes of Britain may start to drift into becoming under-insured Aladdin's Caves with new research out today revealing that over a third of Brits (38 per cent) see buying gold as a better investment than putting cash into savings.
Principality to offer savings products through Governor Money
Governor Money, the online cash savings platform has teamed up with Principality Building Society. The deal means that Governor Money account holders will be able to access cash savings deals offered by this leading building society through Governor Money.
Number of savers and size of monthly deposits increase
Britons' appetite for saving has increased considerably over the last 12 months, as savers deposit 12 per cent more money each month than they did this time last year, according to figures from Santander Savings' Snap Shot barometer.
Banks keep savers in the dark when it comes to the use of savings
Only three per cent of savers in the UK feel their bank does enough to explain what happens to their savings once they are deposited, according to research from leading ethical bank Triodos.
Brits twice as committed to spending as they are to saving
UK adults with credit cards spend £3,804 on credit card payments each year, or £317 every month, according to the Standard Life report Your Commitments, Your Future. In contrast, people making monthly savings put £1,680 each year into savings and ISAs, or only £140 every month.
Inflation costs UK savers almost £2,500 in the last 10 years
With 96% of consumers admitting that they have tried to make their money go further, Yorkshire Building Society reveals that despite the typical cutbacks UK consumers are making, they are not factoring in the impact of inflation on their savings with some losing almost £2,500 in the last 10 years.
Rise in net savings and mortgage completions for The Tipton
August was The Tipton’s most successful month so far this year for both net savings receipts and mortgage completions.
Brits feel proud to bag a bargain
Everybody loves a bargain, with ‘thriftyness' becoming second nature to many, and now price comparison website has tapped into a new trend where Brits are cashing in on the feel-good factor when it comes to making a saving.
Halifax Savers Prize Draw shakes up high street savings
Halifax has demonstrated its unwavering commitment to savers, launching a unique new scheme designed to get Britain saving.
Parents aren't saving for university fees
Over half of parents aren't saving to contribute to their child's university fees and with fees set to rise to up to £9,000 per year, from September 2012, graduates are set to finish university in increasing debt, according to research from M&S Money.