Savings News
The secret to happiness: Saving an extra £50 each month
Savings success has a direct impact on people's mood, according to research from NS&I that reveals 26 million Britons (53%) say saving improves their state of mind.
Inflation - what can savers do to protect their savings?
Today's announcement by the Bank of England that The Consumer Price Index (CPI) has fallen to the lowest levels in almost three years, falling to 2.2 per cent from 2.5 per cent last month will be welcomed by savers.
Ecology Building Society passes £100m savings milestone
Ethical savings and green mortgage provider Ecology Building Society has announced a significant achievement in its 31 year history, with savings balances exceeding £100m for the first time.
Nationwide SavingsWatch reaches 150,000 subscribers
More than 150,000 savers are benefitting from Nationwide's SavingsWatch, which was launched just three months ago.
Savers urged to jump on rates to take advantage of leading deals
The average rate on the top 5 easy access savings accounts have seen a drop of 0.21 per cent since the beginning of August, according to analysis from MoneySupermarket so savers who are looking for a suitable savings account need to be quick to take advantage of leading deals.
Young people lead the way for austerity
The younger generation is moving away from a ‘buy now - pay later' culture and embracing austerity, with a massive 63% of Welsh 16-24 year olds believing now is a good time to save.
Long-term savers have missed out on doubling their money
Long-term savers who have shunned the stock market over the last ten years have missed out on doubling their money, according to analysis by The Motley Fool.
Women and the younger generations boost Britain's savings
NS&I's latest Quarterly Savings Survey shows that there has been a turnaround in savings levels since last quarter, however there is still some way to go before they return to the levels seen in Winter 2011/12.
40% of consumers turn their back on retirement saving
AXA's latest Big Money Index reveals a bleak long-term picture for increasing numbers of recession-weary consumers, with four in 10 now not saving for retirement and 20 per cent not saving at all.
Bargain-hunter Brits net £14bn savings a year
Cash-strapped people in Britain have saved as much as £14 billion in the past year - an average of £346 each - by hunting around for the best bargains on life's essentials, including groceries, insurance, clothing, mobile phone contracts and holidays, among others, available in shops and online, according to research from Santander.
Over 55s face retirement cash shortfall of almost £70k
Savers aged 35 and above have high targets for a cash savings pot to supplement retirement income but are failing to put enough away. In contrast, younger people are aiming low, but stand to accumulate larger pots if they keep up their good habits, according to HSBC.
Halifax offers savers £1m prize pot
Approaching the first anniversary of the launch of its Savers Prize Draw, Halifax has announced that it will be offering three prizes of £250,000 in its December Draw, celebrating the success of its initiative which was designed to shake up the high street savings market.
Monthly offset payments making savers' money work harder
At a time of historically low Bank of England Base Rates, savvy savers are looking for alternative ways of making their money work for them.
July mortgage lending and savings up at societies and other mutuals
The increase in mortgage lending by building societies and other mutual lenders continued in July with gross lending of £3.1 billion, up by 44% compared to the same month last year.
Introducing the UK’s savviest family
A HGV driver and his family from Pontefract, Yorkshire are announced as the UK’s savviest family in 2012, after showcasing their money-saving talents in the national Nectar Savvy Family competition.