Savings News
Optimistic outlook as Britons feel positive about their ability to save
The current savings outlook for Great Britain is more positive than spring last year, with NS&I’s Quarterly Savings Survey showing a 2 percentage point increase in the proportion of people who feel they are more likely to save over the next three months (spring 2014 18%; spring 2013 16%).
Homeowners boost the household budget by going ‘green’
Nine out of ten (90%) homeowners are concerned with saving energy in the home, with half (50%) saying this concern is primarily for money saving reasons, according to M&S Bank research.
Make smoking hot savings by kicking the habit
The seventh anniversary of the smoking ban is fast approaching on 1 July and the latest research from MoneySuperMarket reveals ditching the cigarettes could save Brits over £6,000 on life cover – so there’s no better time for smokers to kick the habit and benefit from healthier bodies and bank balances.
Target practice: cost of living causes UK savers to miss goals
As of July 1st, UK savers will see the annual limit on tax-free savings increase to £15,000 as the Government introduces its much-anticipated NISA.
The rise of the Bank of Gran and Grandad
Forget the bank of mum and dad – today’s young people are now receiving help from the bank of gran and granddad, with millions of grandparents offering financial support to their grandchildren.
Yoyo Brits in a spin when it comes to money
Almost half (47%) of Brits are up and down like a yoyo when it comes to money making savvy savings one moment to justify overspending the next, according to research from, Standard Life by YouGov Plc.
NS&I launches International Payments Service
NS&I has launched a new service for NS&I customers to enable them to have payments from NS&I made directly to an international bank account in their own name.
UK households at risk of savings crunch
The amount UK households have available to save is set to fall over the next five years, according to the Post Office’s Future of Savings study.
Savings gender gap worsens as women’s savings are less than half of men’s
Women’s savings habits are lagging significantly behind their male counterparts, according to new figures from Santander Savings.
Savings levels are at their highest for a year
Brits have recorded the highest saving level of the year, according to the latest edition of NS&I’s Quarterly Savings Survey. People are now saving 8.04% of their incomes each month, £101 in monetary terms.
Brits are nation of cost cutters, but many still failing to save smart
We’re becoming increasingly good when it comes to cost cutting, according to the latest findings of an annual online survey from long term savings and investment specialist Standard Life by YouGov Plc.
Be your own Chancellor to reduce £33 billion monthly UK bill burden
Rising living costs have led to a £33 billion national price tag to run the UK’s homes. Ahead of this month’s budget, MoneySuperMarket urges bill payers to take control of their finances and fight back against spiralling essential spending.
The changing face of savings
NS&I’s latest Quarterly Savings Survey shows how Britain’s savings behaviour has changed over the last decade. Britons are now saving 7.76% of their incomes each month, (£98).
Don’t forget to spend after you’ve saved
After a lifetime of saving for their future and with rising long-term care costs, it is not surprising that many reach retirement and continue to focus on protecting their finances, instead of enjoying their money.
Alliance Trust launches campaign to educate UK savers and investors
Alliance Trust has launched a new campaign for consumers, which aims to help educate the next generation of UK savers and investors.