Savings Accounts
Post Office increases savings rates
The Post Office has increased the interest rate for its Online Saver account to 2.90% AER, putting it straight to the top of the Best Buy tables for easy access accounts. It has also launched a new issue of its one year Online Bond paying a Best Buy rate of 3.00% AER. Both deals are available immediately.
Home, heirs and happiness - the way to get Britain saving
When it comes to getting people saving, Brits seem to be motivated by three major factors, their homes, heirs and happiness. New research by Skipton Building Society shows that deposits for a new home feature top of the list of biggest savings funds - with on average over £77k held in savings accounts for that specific purpose.
Tips for setting up an emergency savings pot
HSBC research reveals that 30% of adults have less than £249 set aside as a financial safety net. The survey of 2,100 UK adults reveals 19% have no savings at all to fall back on and 11% have less than £249 set aside as a financial safety net.
Northern Rock increases interest rate for online savers
From tomorrow (Wednesday 13th October), Northern Rock will increase the interest rate on its online easy access savings account, e-saver (Issue 3).
Skipton launches ‘goal based' savings accounts
Skipton Building Society has launched a range of individual ‘goal based' savings accounts which allow customers to focus on specific saving targets from regular holidays, weddings and car savings accounts to the more diverse shoes, handbags, gadgets and secret savings accounts.
Nationwide raises rate on new online savings account
Following a successful pilot of its new online savings account, MySave Online Plus, Nationwide Building Society will increase the bonus for customers making no more than one withdrawal a year, to 1.10% gross p.a., bringing the overall rate paid, including bonus, to 2.60% gross p.a./2.63% AER (variable).
Tesco Bank fixed rate saver account
Tesco Bank has launched a new savings product, offering a competitive rate of return for a fixed term deposit of one or two years.
New Savings Account promises bonus for a lifetime
Principality Building Society has launched a variable rate high street savings account that promises savers a bonus, year after year.
Easy access bonus rates coming to an end
Anyone who took out a best buy savings account this time last year should check their rate, as many of the top paying accounts included generous bonuses which are now coming to an end, and those that do nothing could find themselves languishing on a low rate.
Sainsbury’s launches new fixed rate savings accounts
Sainsbury's Finance has, for the first time ever, launched a set of three new fixed rate savings accounts offering customers a greater choice of competitive savings accounts and rates.
Current account customers missing out on interest
Analysis by first direct of pre-pay day positive current account balances has revealed that UK workers are missing out on a savings pot of £47.6billion by failing to transfer their pre-pay day balances into a savings account.
Popular saving accounts go online
N&P (Norwich and Peterborough Building Society), has launched online versions of two of its most popular savings accounts - Regular Saver (paying 4% including bonus), and Family Regular Saver (paying 5% including bonus).
New online savings account from Nationwide
Nationwide has launched a new online savings account, MySave Online Plus, that aims to provide long term good value and allows customers to access their savings should they need to.
Skipton launches Telephone Savings account
Skipton Building Society is expanding its range of products to make it even easier for people to manage their money, by launching a Telephone Saver account.
5 star rated online savings account from NatWest
NatWest is to introduce a highly competitive bonus to its E-savings account, offering an online market-leading rate to new customers, of 2.85% for 12 months.