Savings News
Don’t rely on an inheritance
Britain may be basking in a post-Olympic glow, but the nation's personal financial legacies are in need of a boost, according to a survey by Nationwide Building Society.
NS&I announces changes to its fixed rate range
NS&I has announced the latest stage in its programme to simplify and modernise its savings range. The changes - which start to come into effect from 20 September 2012 - affect NS&I's Index-linked and Fixed Interest Savings Certificates, Guaranteed Growth/Income Bonds and Children's Bonus Bonds.
Savings soar at Principality
Wales' largest building society, Principality, has reported a £167.8m growth in savings in the first six months of 2012, pointing to a resurgence in support for the mutual building society model.
Brits feel in the dark over savings rates
Latest research from Nationwide Building Society has shown that more than half (52%) of savers are unaware of the rate they are receiving on their savings.
Kids returning to the nest could save thousands
The Office of National Statistics recently reported that there has been a 20% increase in 20-34 year olds living with parents since 1997.
Being in a relationship makes your savings pot grow faster
Britons in relationships save around £800 more each year as a result of their partner's influence, according to NS&I's latest Savings Survey.
Easy-er to beat inflation - savers benefit from a further drop
Today's announcement by the Bank of England that The Consumer Price Index (CPI) has fallen to 2.4 per cent from 2.8 per cent brings great news for savers.
Parents plan to save more to meet costs of higher education
The burden of paying for university is being felt heavily by parents across the UK with almost 15% shelling out for the full cost for their children's University education and expenses, according to new research from HSBC.
Lowest British savings levels for 12 months
NS&I's latest Quarterly Savings Survey shows savings levels have dropped over the last year, with a growing number of the population saving nothing each month. Over a third (37%) of savers don't have enough savings to cope in an emergency.
Gocompare.com launches ‘Saving the Nation’ campaign
Gocompare.com has unveiled a major new ad campaign entitled ‘Saving the Nation'. To coincide with the new advertisements, Gocompare.com has commissioned research which reveals that savvy Brits collectively saved £2.5 billion in the last 12 months by using comparison sites to shop around for better deals on their utility bills, insurances and other banking and financial products.
£27 billion untapped cash sitting in homes across Britain
The average UK household contains over £1,045 worth of unwanted items that could be re-sold for cash, new research from eBay reveals.
Over 7 million Brits have lost track of their savings
New research from NS&I identifies that, despite rising living costs, Britons are still losing track of their savings.
One in five Britons without any savings
11 million adults (22 per cent) in the UK have absolutely no money deposited in savings, according to new research from Santander Savings.
Make smoking hot savings by kicking the habit
Five years ‘smoke free' could have saved recession-hit Brits £7,250 on cigarettes alone since the introduction of the Smoking Ban in 2007, according to MoneySupermarket.com.
Most Brits save money through discounts and vouchers
Four out of five people collect coupons and money off vouchers, with around three quarters (72%) making purchase decisions based on where they will receive a discount, according to research from Nationwide Building Society.