Savings Accounts
First time buyers accelerate deposit savings
Almost two fifths of prospective first time buyers are increasing the rate at which they save towards a deposit in 2009, according to new research from Abbey Savings.
One in three savings accounts offer 0.5% or less
As the UK officially enters a recession, it seems consumers are battening down the hatches and saving as much as possible with bank deposits increasing by £4 billion at the end of 2008.
Find a savings account with a consistently good rate
With each base rate cut, savings providers are cutting rates by different amounts on each accounts. As a result it is hard for savers to know where to move their money to get the best deal.
Inflation and tax ravage already meagre returns for savers
The latest inflation (Consumer Price Inflation) figure announced today gives an annual inflation rate of 3.1%.
Savings account designed to help first-time buyers
A major new savings account - designed to help first-time buyers gain a foothold on the East Midlands property ladder – has been launched by The Nottingham.
Savings accounts become more reliant on bonuses
Savings accounts have become much more reliant on the use of bonuses to inflate their headline rates, according to research from Investec Private Bank (‘Investec’).
The rewarding savings account from Newcastle Building Society
Newcastle Building Society still has availability for new investment on its Reward Saver and ISA account paying a variable rate of 3.50% Gross, which includes a 1% bonus for the first 12 months.
Savings accounts disappear
Banks and buildings societies have withdrawn almost a quarter of all savings accounts and slashed average interest rates despite being desperate to attract more cash from savers, according to MoneyExpert.com.
Brits continue to use savings accounts despite poor interest rates
Brits continue to save their cash despite the credit crunch and worsening recession, a survey from Fairinvestment.co.uk has revealed. And results from the survey show the average total amount saved per person is £2,813.
Savers punished for doing it by the book
Customers who insist on a passbook with their savings account are suffering the most as rates are slashed in response to Bank of England base rate cuts, according to analysis by MoneyExpert.com.
Alliance & Leicester announces new Super Saver
Alliance & Leicester has launched a new Super Saver product, offering a great return on investment for its customers. The Super Saver product is a limited edition, 12 month fixed rate account, offering 5.50% if customers put an equal amount or more into any of Alliance & Leicester's range of investments, which includes guaranteed capital products.
Abbey launches new issue of Fixed Rate Monthly Saver
Abbey this week launches new issues of its popular Super Fixed Rate Monthly Saver and Fixed Rate Monthly Saver, offering some of the best rates on the high street, despite the falling interest rate environment.
N&P launches E-Saver Issue 2
Norwich and Peterborough Building Society (N&P) is launching a second issue of its popular E-Saver Account on Tuesday 23rd December 2008.
Nationwide launches new e-savings plus product
Nationwide Building Society has announced the launch of a new online savings account, paying up to 3.75% gross p.a./AER.
Act now to secure Abbey's first home saver account
Abbey this week encouraged all first time buyers looking to maximise their cash to take advantage of its limited edition First Home Saver (Special Issue 1). The account offers a highly competitive 6.50 per cent AER, a market leading product in a falling base rate environment.