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Savings News

A North-South divide persists with savings balances

When it comes to savings, customers in southern England are out saving those in northern regions by 10%, according to latest research from Halifax.

Over £41 million of premium bonds prizes remain unclaimed across the UK

Across the UK over 928,000 Premium Bonds prizes worth over £41 million remain unclaimed.

Women twice as likely as men to have a secret 'cash stash'

Almost half of British adults (48%) have ‘fibbed’ when it comes to their finances, a new survey by long term savings and investment specialist Standard Life has revealed.

Over a third have less than a month’s income in savings

The latest Lloyds Bank Savings Index shows a stable picture for the nation’s savers, yet despite the continued economic improvement, savings levels remain low.

£500 a month in spare cash for the average UK person

Despite people still feeling the pinch, many of those in full time employment are accumulating spare cash each month, according to research from Lloyds Bank.

2014 savings rise comes to an end

The steady rise in savings levels seen over the last year, from 7.42% of income saved in summer 2013 to 8.21% in spring 2014, came to an end in the summer, according to NS&I’s latest Quarterly Savings Survey.

How UK parents are saving stay-at-home kids £17.1bn

Young adults age 18-34 living with their parents are saving themselves a staggering £17.1bn a year in rent and living costs, according to research conducted on behalf of budgeting account provider thinkmoney.co.uk.

Quit smoking in ‘Stoptober’ to feel healthier and wealthier

Stoptober 2014 is in full swing and analysis from MoneySuperMarket reveals smokers who take up the challenge to kick the habit will benefit from healthier bodies and bank balances.

A quarter of UK consumers have no ‘rainy day’ savings

Brits estimate that they should have £1,200 put aside for emergencies but 59% have less than £1,000 saved up.

The UK’s top 25 money saving tips revealed

Discount vouchers, coupons and apps top the list of the nation’s favourite money saving tips, with half of UK adults using them to cut the cost of goods and services.

Post Office launches competitive range for UK savers

Post Office is to launch a number of savings products with new, improved rates across the majority of its range. The revision includes new issues of its Online Saver, Reward Saver, Growth Bonds, Online Bonds, and Cash ISAs. The new issues are available to customers from Friday 12th September 2014.

Savers leave it late to boost funds for retirement

Savers are leaving it until their mid-50s before they boost their savings reserves – just as they close in on retirement – according to latest research by the Halifax.

Bilingual Brits driving a hard bargain abroad

When it comes to haggling abroad, if you don’t ‘interroger’ you don’t ‘obtenir’ – as Brits who are willing to give bilingual bargaining a go save an average of £345.25 on their trip.

Brits shun savings accounts for DIY saving

An estimated £1.3bn of loose change is sitting in coin jars across the country, according to new research, as 10 million more UK adults save money in a coin jar than in a bank or building society savings account.

UK household savings rise by 500% in the last 40 years

The value of household savings – including deposits, savings and pensions – has grown more than six fold (539%) in real terms over the past 40 years, according to latest research from Lloyds Bank.