Savings Accounts
Banks reward loyal customers with pitiful returns, says Which?
Almost nine in 10 (87%) savings accounts that were available six years ago are now paying interest of 0.5% or less, while almost two-thirds (62%) are paying 0.1% or less - just £1 a year for every £1,000 saved, shows new research by Which? Money.
Saffron to offer fixed rate savings product nationwide
Saffron Building Society, the regional building society serving East Anglia, is extending its national savings range by offering its fixed rate regular savings product online or via phone.
Majority of savers unaware of improved savings protection
Only 17% of people are aware of new rules which will provide even better savings protection, new research by the Financial Services Compensation Scheme shows.
Yorkshire Christmas Saver account
Although many of us have still to finish off the remainder of this years' Christmas turkey a recent study has shown that 83 per cent of the British public worry about their spending over the festive season.
Leeds online savings account with 100% access
Leeds Building Society has introduced an easy access online account paying a rate of 2.55%. Furthermore, the online account also allows unlimited withdrawals at any time, without notice or penalty. This account is open to new and existing customers.
New deposit guarantee limit to be £85,000
The Financial Services Authority (FSA) has confirmed that the new deposit compensation limit for the United Kingdom will increase from £50,000 to £85,000 per person, per authorised firm, from 31 December 2010.
Nationwide Lifetime Guarantee 1 account issue 17
Nationwide International, the offshore subsidiary of Nationwide Building Society, has launched issue 17 of its fixed rate Lifetime Guarantee 1 personal savings account.
Northern Rock launches market leading online saver
Northern Rock has added a new online easy access savings account to its range, e-saver (Issue 4). The account pays 3.00% gross* per annum for deposits from £10,000 to £100,000.
Average charity savings account rate is just 0.39%
According to the latest research by Fair Investment Company, charities are still massively unimpressed with their current savings providers, with a staggering 98 per cent saying they are unhappy with their savings account rate.
Savers still in the dark over new compensation limit
The Financial Services Compensation Scheme (FSCS) is due to raise the level of protection on consumers' savings in less than a month, yet almost 60 per cent of Brits are unaware of the impending changes.
New Christmas Saver account from Yorkshire Building Society
Yorkshire Building Society has launched a new Christmas Saver account paying a fixed rate of 3.50% gross/AER, aimed at helping people spread the cost of next year's festive season.
Sainsbury's Online Saver account pays 2.5%
Sainsbury's Finance has announced the launch of a new Online Saver account (available from 1st December) paying an attractive rate of 2.5% Gross AER (variable). The account can be opened and managed online.
Coventry launches Family Saver account
Coventry Building Society has launched a market leading easy access online savings account specifically for families.
Saffron launches Christmas Regular Saver account
Saffron Building Society, the regional building society serving East Anglia, has announced the launch of a new, limited edition, Christmas Regular Saver account, providing savers with the equivalent of a 14.49% rate of interest.
Great bonus rate on your savings? Check the small print
Bonus rates make for good headline figures in the competitive savings account market, but check the small print before committing your savings, warns Julie Smith, head of savings at Fair Investment Company, or you could be in for a real shock.