Savings News
One in five Brits have no savings
With many consumers continuing to feel the effects of the wider economic pressures, new research by The Co-operative Bank reveals that one in five Brits (20%) actually have no savings set aside for life's emergencies.
Spring clean your finances and save thousands
Switching household bills can save over £1,000, but switching main financial products such as mortgage and current accounts could save over £3,500.
Don’t spend what you don’t have - Top money saving tactic in UK
Research carried out for Standard Life suggests that, in the last three years, 5.3 million additional UK adults have started adopting money saving habits, such as reviewing their utility providers, going online to find the best deals and using online voucher codes to save money.
The kids are all bright
Education and savings top the list for most children if they were given a Junior ISA (JISA) lump sum at 18 years old. However parents underestimate what their children would do with the money, according to research from Post Office Savings.
Halifax offers ten savers £100k each in super Savers Prize Draws
Halifax has announced that it will be offering ten prizes of £100,000 in the May and June Halifax Savers Prize Draws in an effort to encourage savers to take advantage of their tax free ISA allowance.
23 million Brits stopped or reduced saving in the last year
Research by MoneySupermarket has revealed that nearly half of Brits (47 per cent) have stopped or reduced the amount they save in the last year.
Savvy savers move quickly to grab the top rates
Analysis by MoneySupermarket of the top five savings rates across easy access, cash ISAs and fixed rate bonds found savers need to be quick off the mark to take advantage of the top paying rates before they are withdrawn; with some of the best deals being removed within a week.
Brits still saving as much as they can
New figures from AA Financial Services show that people are still saving as much as they can while news from the Bank of England suggests that they have also been using savings to pay off debt.
Savers name the Yorkshire top of the High Street
Savers have voted Yorkshire Building Society top of the High Street, with the award-winning mutual being named Best High Street Savings Provider in the 2012 Moneyfacts Consumer Awards.
Young people are failing to save for their retirement
Young people are failing to save for their retirement, according to research by Nationwide.
UK families saving nine times less than families in China
So how much savings do UK families have and how does this compare to Germany and China? The UK household savings ratio, (saving proportion of a consumer's disposable income) has seen a downward trend over the past decade.
Debts soar in last year as UK families struggle to save
Families in the UK are struggling to build up their savings as the impact of inflation puts pressure on incomes and debt levels, according to research from the latest Aviva Family Finances Report.
Higher number of female savers, but it's men who save more cash
Hundred's of thousands of customers using NatWest's free tool to help hit their savings targets has revealed new data about savings priorities across gender, age and location.
Zurich launches new Equity Linked Growth Account
Zurich UK has launched the latest in its new range of Deposit Accounts. Available immediately, the Zurich Equity Linked Growth Account 8 (ZELGA 8) runs for five years and is linked to the performance of 15 of the largest stocks in the FTSE 100 Index.
Brits benefit from improved savings and mortgage rates in 2012
Brits wanting to kick start 2012 with a financial bang are set to reap the rewards from greater competition in the market with the average savings rates up, average mortgage rates down, lower APR's on loans, and record promotional deals on credit cards, according to analysis by MoneySupermarket.com.