Savings Accounts
Kids Christmas savings crackers
With Christmas soon upon us and many relatives likely to shower kids with money, now is the time for parents to look for the best children’s savings account and preach the good practice of saving.
New best-buy telephone account from AA Savings
AA Savings is firmly in the best buy league with launch of a brand new Telephone Access Account, matching its recently-launched Internet Access Account.
Skipton’s Special Saver is for life – not just for Christmas
For nearly a year now, Skipton Building Society’s Christmas Saver account has been helping Britons prepare for the cost of the festive season.
Bonus bonanza
Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: “Unusually the last two months has seen a boom in the variable rate savings market, with rates rising and new accounts are being launched to top the charts.
Scarborough launches exclusive Branch Notice Saver account
Scarborough Building Society is rewarding branch-based savers with a market-leading new account paying up to 6.25% APR.
Bradford & Bingley launches competitive eSavings account
Bradford & Bingley has launched eSavings5 today, a competitive internet-only savings account, with no restrictions, designed to appeal to both large and small investors.
Scarborough boosts tracker rate to an outstanding 6.40%
Scarborough Building Society is re-launching its competitive Direct Exclusive Saver account with an enhanced rate of 6.40%, gross APR (compared to 6.30% previously).
High guaranteed rate and unlimited penalty free access
Leeds Building Society is set to launch a new postal savings account that combines a high guaranteed rate of 6.40% AER (6.35% gross) and unlimited penalty free access to funds for customers, at any time.
Leeds launches Online Freedom 50 account
Leeds Building Society has launched a new online savings account for customers aged 50 or above which guarantees to pay Bank Base Rate plus 0.70%, currently 6.45%, until 30 April 2008 with unlimited access at any time, without notice or penalty.
Moneyfacts.co.uk names the most consistent savings accounts
Andrew Hagger, Head of news and press at Moneyfacts.co.uk comments: “Many people don’t have the time or inclination to switch their savings from one best buy account to another, even though new institutions and accounts continually appear.
Abbey rewards customers with 8.1% AER on Super 50+ account
From 10 October 2007, Abbey’s customers will be able to benefit from an attractive 8.1 per cent AER through Abbey’s Super 50+ account.
Royal Bank offers instant access savings with a bonus
The Royal Bank of Scotland this week launched a new telephone saver account, which offers an enticing 1% bonus for six months.
Halifax Websaver turns a pale shade of green
Rachel Thrusell, Head of savings at Moneyfacts.co.uk, comments: “By the end of the year, new and existing Halifax Websaver customers will see their accounts ‘carbon labelled’.
Over 50s savers receive a boost
Rachel Thrusell, Head of savings at Moneyfacts.co.uk, comments: “This week has seen a welcome boost for the over 50s savings market. Coventry has relaunched its market leading Sixty-Plus Esave, available to those aged over 60, with a 50 Plus Esave account, paying the same headline rate of 6.40% but now available to anyone over the age of 50.
Space racers become super savers
This week is the 50th anniversary of the launch of Sputnik 1, which marks the start of the Space race.