Savings News

Brits twice as committed to spending as they are to saving

UK adults with credit cards spend £3,804 on credit card payments each year, or £317 every month, according to the Standard Life report Your Commitments, Your Future. In contrast, people making monthly savings put £1,680 each year into savings and ISAs, or only £140 every month.

Inflation costs UK savers almost £2,500 in the last 10 years

With 96% of consumers admitting that they have tried to make their money go further, Yorkshire Building Society reveals that despite the typical cutbacks UK consumers are making, they are not factoring in the impact of inflation on their savings with some losing almost £2,500 in the last 10 years.

Rise in net savings and mortgage completions for The Tipton

August was The Tipton’s most successful month so far this year for both net savings receipts and mortgage completions.

Brits feel proud to bag a bargain

Everybody loves a bargain, with ‘thriftyness' becoming second nature to many, and now price comparison website has tapped into a new trend where Brits are cashing in on the feel-good factor when it comes to making a saving.

Halifax Savers Prize Draw shakes up high street savings

Halifax has demonstrated its unwavering commitment to savers, launching a unique new scheme designed to get Britain saving.

Parents aren't saving for university fees

Over half of parents aren't saving to contribute to their child's university fees and with fees set to rise to up to £9,000 per year, from September 2012, graduates are set to finish university in increasing debt, according to research from M&S Money.

NS&I withdraws Savings Certificates from sale

NS&I have announced that its Savings Certificates, both Fixed Interest Savings Certificates and Index-linked Savings Certificates, have been withdrawn from general sale.

Brits save £51bn a year on discount codes, offers and freebies

Britain's "freeconomy" is thriving, with bargain-hunting Britons saving £51 billion a year as they look to economise according to Halifax Home Insurance.

Santander increases savings rates

Santander has increased rates on eSaver Issue 4 and its latest range of fixed rate bonds.

Brits favour tax free inflation tracking savings

Half of British savers (49%) said tax free savings is their first priority when looking for savings accounts, according to the latest quarterly Saving Britain research from BM Savings.

Alliance Trust Savings extends summer offers

The market leading summer offers recently announced by Alliance Trust Savings have been extended due to popular demand, giving investors more time to take advantage of the summer offers on the Alliance Trust Savings Select SIPP and Investment Dealing Account.