Savings Accounts
MoneyExpert.com: Abbey's new 8% current account
Sean Gardner, Chief Executive of MoneyExpert.com, said: “Our Switching Index shows current accounts are the new switching battleground, with some 2.29 million people ditching their bank in the last six months to April.
N&P extends commitment to over 50s
At a time when interest rates have been changing relatively frequently, savers want to know that they are getting the best deal for their money.
Abbey extends bonus period for new customers on 50+ saver account
From 1 July 2007, Abbey is extending the bonus period on its highly popular 50+ Saver account for new customers, due to ongoing strong demand for the product. This is to ensure that new customers continue to benefit from an attractive bonus period.
Bradford & Bingley launches eSavings account
Bradford & Bingley has launched eSavings4, an online savings account, that boasts a market-leading annual ‘bonus’ rate of 6.01% p.a. gross/AER for the first 12 months, designed to appeal to customers looking for easy and penalty-free access to their money.
Kick the habit and see your savings mount up
With England set to be smoke free from 1st July, many people will be marking the occasion by stubbing out cigarettes for good. Aside from the obvious medical benefits, research from Alliance & Leicester Savings reveals the nation’s financial health could also be dramatically boosted by quitting smoking.
Chelsea Building Society launches two new Fixed Rate Options
Chelsea Building Society has launched two new Fixed Rate Options effective from Saturday 16 June 2007.
Savvy first time buyers can help themselves
First time buyers looking for ways to enter the housing market need look no further than Britannia's HomeSaver Account with its new interest rate of 7.15% gross / AER.
moneysupermarket.com: Coventry Bank's Sixty-Plus eSave account
Commenting on the launch of Coventry Bank's Sixty-Plus eSave account, Kevin Mountford, head of savings at price comparison website moneysupermarket.com, said:
Coventry launches top rate Sixty-Plus internet account
Coventry Building Society launches an exciting addition to its highly successful Sixty-Plus range of savings accounts – a new easy access, online account exclusively for the over 60s.
Sainsbury’s throws down the gauntlet in the Internet savings market
Andrew Hagger, Head of news and press at Moneyfacts.co.uk, looks at the deal that may shake up the already competitive Internet savings market.
Sainsbury’s Internet Saver account jumps to 6%
Despite there being no change to the Bank of England base rate this month, Sainsbury’s Bank has announced that it is to increase the interest rate on its Internet Saver to 6%.
New savings war to benefit savers
Customers are set to cash in as an internet savings war breaks out among top companies with several firms offering rates above six per cent, predicts MoneyExpert.com. The independent financial comparison website says firms continue to react to Bank of England base rate rises in a bid to capture more customers.
moneysupermarket.com: Sainsbury’s savings account
Commenting on the rate increase on Sainsbury’s Internet Saver, Kevin Mountford, head of savings at moneysupermarket.com, said: “This is certainly ‘fresher’ banking from Sainsbury’s – a high paying, ‘whiter than white’ account with no sneaky bonuses, or penalties for withdrawal.
Skipton Guernsey customers benefit from full rate rise
In keeping with its commitment to provide attractive savings rates for its customers, Skipton Guernsey Limited (SGL) has responded to the recent rise in the Bank of England base rate and passed on the full benefit to its customers with a 0.25% increase across the range of its simplified range of variable rate investment products, effective from 1 June 2007.
Scarborough launches savings accounts paying 6.05% and 6.20%
Scarborough Building Society is today launching two outstanding new savings products helping customers to capitalise on the current high interest rate environment.