Savings News
First-time buyers can "Save To Buy" with Nationwide
Nationwide is to launch Save to Buy - an account for first-time buyers to save regularly towards their deposit that also enables them to apply for a Nationwide mortgage with a lower deposit of 5% (95% LTV). The account will be available from 6 May 2011.
A third of Brits predict a summer rate rise
As speculation about interest rate rises continues, new research by Lloyds TSB shows a third (32%) of Brits predict interest rates will rise this summer, with almost a fifth (18%) expecting to see an increase in July.
Value of money declines by 94 per cent over the past 50 years
The value of money has fallen by 94 per cent over the last 50 years, according to research from BM Savings.
Couples get wedding saving savvy
Today's engaged couples are taking greater financial control over their wedding. With nearly two thirds (61%) footing the majority of the costs themselves, they are saving more and spending less ahead of their big day, according to research from Tesco Bank.
Inflation drops to 4.00% but savers are still struggling
Julie Smith, savings analyst at Fair Investment Company comments on news that the annual rate of inflation has fallen from 4.40% to 4.00%.
High inflation causes one in ten Brits to give up saving
The strain on consumers' finances due to high inflation, which dropped to 4.0 per cent in March, has caused nearly one in ten Brits to stop saving in 2011, according to a survey by moneysupermarket.com.
A balanced diet is healthier for your finances
We all know about the evils of fatty food and the virtues of ‘five a day', but over the past five years, it's a balanced diet that has been healthier for your finances, according to new research from BM Savings.
Protect your investment with inflation-linked savings
With the Bank of England base rate unchanged at its historic low for a 25th consecutive month and rising inflation, Yorkshire Building Society has encouraged investors to protect the real value of their savings by investing in Yorkshire deposit accounts which see returns linked to inflation.
Recession creates more savvy 20-something savers
Recession sees development of new generational trend - Young, Ultra Forward-Thinking Savers - 20-somethings saving almost a fifth of their monthly salary for specific goals.
Brits different gender attitudes to saving
According to new data released from NS&I's Savings Survey, over a quarter (27%) of the British population say they will be less likely to save over the coming three months. With the findings highlighting the population's pessimistic attitude to future savings.
Families already saving for higher tuition fees
Nearly one in four parents and grandparents are already saving into deposit accounts and stocks and shares ISAs in response to higher university tuition fees, new research from Virgin Money shows.
To fix or not to fix - the savings account dilemma
According to independent financial research company Defaqto, the growing likelihood of a bank base-rate increase means people should think carefully before committing their savings to fixed-term accounts.
Apply early for cash ISAs to avoid disappointment
Santander is urging savers to act now to avoid disappointment and ensure they don't miss out on this year's 2010/11 ISA allowance. With the end of the tax year fast approaching it's important that savers don't leave it too late to apply for an ISA in time to fund before the end of the current tax year.
Saving for our children is important - but what are the options?
With Child Trust Funds no longer available and a new children's savings plan - called Junior ISA - expected to be launched later this year, independent financial research company Defaqto outlines the options available for people that want to start saving for their children in the meantime.
Average easy access savings rates now at highest levels
Today's announcement by the Bank of England that inflation hit 4.4 per cent may appear to be bad news for savers, but according to moneysupermarket.com analysis, savers are actually benefitting from some of the widest margins between the top easy access rates and Base Rate since the latter fell to a record low over two years ago.