Savings Accounts
Skipton International offers new 40 day notice account
Skipton International, the Guernsey based savings and local mortgage specialist, has launched a new variable rate savings account targeting both offshore individual savers and business deposit accounts with interest rates of up to 2.10% gross/AER.
Bank of Scotland Instant Access Savings Account Reward
Bank of Scotland has announced the launch of a new limited edition Instant Access Savings Account Reward (IASA Reward). This offer runs from 1st June.
A&L increases rate on Online Saver Issue 7
From today Alliance & Leicester has increased the rate on its Online Saver Issue 7 for new and existing customers. The account will now pay a highly competitive 2.81 per cent gross/AER with a minimum opening balance of £1,000 and penalty free instant access available online.
Leeds launch unlimited access Albion account online
Leeds Building Society has launched a simple, straightforward Albion Web Saver account that provides customers with a great rate of interest up to 2.25%, combined with unlimited penalty free access to their money at any time. Furthermore, there are no short term bonuses.
Egg Internet savings interest rate increase
From 26 May 2010, the Egg Internet savings account will have a rate of 2.80% gross pa/AER variable (includes a 12 month fixed bonus rate of 2.30% gross pa/AER and an underlying rate of 0.5% gross pa/AER variable).
Abbey International Jersey Bond tops Moneyfacts Best Buy list
Less than a month after its launch, Abbey International’s 5 Year Fixed Rate Saver, which pays investors a fixed rate of 4% gross/AER every year for the full length of the account’s life, has secured a “Best Buy” listing.
Jump in inflation continues to punish savers
Inflation figures released today show that the Consumer Price Index (CPI) has increased again to 3.70%.
New savings accounts paying 5% launched this week
The new CPI figure of 3.7% for April, released this morning means that savers are still having a tough time and need to find an account paying 4.625% (basic tax payer) to maintain the spending power of their cash.
Charities: not worth saving? Average rate just 0.45%
Charities are getting some of the lowest savings rates on the market, with the average rate sitting at just 0.45% while the average fixed rate charity savings account has fallen from a measly 1.68% to an even measlier 1.62%.
Saga launches new internet savings account
Saga Personal Finance has announced it is expanding its range of savings products by launching the Saga Internet Saver, an easy access savings account with an attractive AER of 2.75%.
Coventry launches fifth issue 1st Class Postal savings account
Coventry Building Society has launched the fifth issue of its popular 1st Class Postal account, again offering a market-leading rate for savers together with the flexibility of easy postal access.
Passbook savings accounts paying less
Customers who insist on a passbook with their savings account are suffering the most, according to analysis by MoneyExpert.com.
Abbey International revamps fixed rate deposit contracts
Abbey International has revamped its range of limited offer fixed rate deposit contracts to now offer clients a range of options from nine months out to two years.
Why go offshore with your savings and banking accounts?
Each year according to the Institute of Public Policy Research (IPPR), around 400,000 UK nationals move abroad to work or retire. Opening an offshore savings account could bring significant tax benefits, once they cease being UK resident for tax purposes.
Chelsea Building Society launches e-Saver Reward account
Chelsea Building Society has launched its first ever online account - the e-Saver Reward. The account, which pays 2.57% monthly interest (2.60% AER), is now available online at thechelsea.co.uk.