Savings News
Inflation drop remains good news for savers
Today's announcement by the Bank of England that The Consumer Price Index has fallen for the second month in a row to 2.8 per cent from 3 per cent, now means that more savings accounts beat the eroding effect of inflation.
HSBC reveals £124 million savings precipice
New analysis by HSBC reveals that longer term fixed rate investors in the UK are again facing a savings precipice this year when they come to reinvest, as rates for long term products continue to fall.
The Co-op boosts fixed term savings rates by up to 0.7%
The Co-operative Bank is increasing savings rates across its range of fixed term deposits and bonds by up to 0.7% this week, and will be offering a leading branch based rate for savers.
Nationwide launches SavingsWatch
Nationwide Building Society is launching ‘SavingsWatch'. Savers with variable rate accounts at Nationwide are being offered a new alert service highlighting rate changes and new products.
The top five Premium Bond myths busted
As the Queen commemorated her 60th year on the throne , another British institution reached a milestone: ERNIE, the Premium Bonds winning numbers generator, has just awarded his 250 millionth Premium Bonds prize.
Battle of borrowers versus savers over base rate cut
With the International Monetary Fund (IMF) recommending the Bank of England should consider cutting base rate further, MoneySupermarket.com asked site users whether they thought it was a good idea, and found three in five (60 per cent) are against a cut to the base rate.
Savers aiming to build up £5,000 pot in 2012
People are saving for holidays and home ownership more than anything else in 2012, and those who have set clear targets are already well on their way towards achieving their goal, according to the latest data from Lloyds TSB's Money Manager.
Falling inflation is good news for UK savers
Today's announcement by The Bank of England that inflation has fallen to 3.0 per cent, from 3.5 per cent in April, is a welcome boost for UK savers as 46 saving accounts now beat inflation, according to MoneySupermarket.com.
Brits underestimate the cost of life's big events by £132,000
People are dramatically underestimating the cost of life's big events such as weddings and first house deposits, reveals new research from HSBC.
UK investors shun long-term saving
Investors in the UK are adopting a short-term approach to their savings compared to those in the Middle and Far East according to a new investor sentiment survey from Friends Life.
Fretting about finances limits savings success
Brits who spend more of their time fretting about their finances rather than planning what to do with their money, are saving significantly less than those who concentrate on managing their money.
Saving money rather than spending it is top priority for thrifty retirees
The top priority for people intending to retire this year is saving money to ensure they have enough to live on in retirement. Nearly 6 out of 10 people (57 per cent) said saving will be a top priority, according to new research from Prudential.
Men save a £1,000 a year by browsing the web for the best deals
Research carried out online by Standard Life suggests that men are set to outshine women when it comes to surfing for online savings this Easter bank holiday weekend.
Savings levels increase for the first time since spring 2011
This winter, savings levels have risen for the first time in two quarters, according to data from NS&I's Savings Survey.
UK savers losing money in dead end accounts
A Which? investigation has revealed that UK savers could be losing out on almost £13 billion in interest each year by failing to switch savings accounts, an increase of half a billion pounds since October 2010.