Savings News
Brits raiding savings less as concern of inflation grows
Over half of Brits (52%) admitted being concerned about the impact inflation may have on their savings, according to the latest Saving Britain research from BM Savings.
Savers thrown a lifeline at last
uSwitch.com welcomes NS&I's new index-linked savings certificates as they could prove a lifeline for struggling savers, giving them guaranteed growth.
New issues of NS&I savings certificates
NS&I has introduced for general sale new issues of its Savings Certificates, including Index-linked Savings Certificates (also known as Inflation-Beating Savings) and Fixed Interest Savings Certificates.
Brits admit neglecting their financial wellbeing
Brits are burying their heads in the sand when it comes to their finances. Despite their best intentions, 17 million adults (35%) admit to neglecting their finances, according to the Scottish Widows Priorities of Life Index.
Teens’ dream of a wealthy future
British teens have an increasingly optimistic view of their financial future, which is not firmly grounded in reality, according to a new survey from RBS.
Savings and borrowing rates
The Bank of England has announced that the bank base-rate will remain at 0.50% - the base-rate has now been at this historic low for 26 consecutive months.
First-time buyers can "Save To Buy" with Nationwide
Nationwide is to launch Save to Buy - an account for first-time buyers to save regularly towards their deposit that also enables them to apply for a Nationwide mortgage with a lower deposit of 5% (95% LTV). The account will be available from 6 May 2011.
A third of Brits predict a summer rate rise
As speculation about interest rate rises continues, new research by Lloyds TSB shows a third (32%) of Brits predict interest rates will rise this summer, with almost a fifth (18%) expecting to see an increase in July.
Value of money declines by 94 per cent over the past 50 years
The value of money has fallen by 94 per cent over the last 50 years, according to research from BM Savings.
Couples get wedding saving savvy
Today's engaged couples are taking greater financial control over their wedding. With nearly two thirds (61%) footing the majority of the costs themselves, they are saving more and spending less ahead of their big day, according to research from Tesco Bank.
Inflation drops to 4.00% but savers are still struggling
Julie Smith, savings analyst at Fair Investment Company comments on news that the annual rate of inflation has fallen from 4.40% to 4.00%.
High inflation causes one in ten Brits to give up saving
The strain on consumers' finances due to high inflation, which dropped to 4.0 per cent in March, has caused nearly one in ten Brits to stop saving in 2011, according to a survey by moneysupermarket.com.
A balanced diet is healthier for your finances
We all know about the evils of fatty food and the virtues of ‘five a day', but over the past five years, it's a balanced diet that has been healthier for your finances, according to new research from BM Savings.
Protect your investment with inflation-linked savings
With the Bank of England base rate unchanged at its historic low for a 25th consecutive month and rising inflation, Yorkshire Building Society has encouraged investors to protect the real value of their savings by investing in Yorkshire deposit accounts which see returns linked to inflation.
Recession creates more savvy 20-something savers
Recession sees development of new generational trend - Young, Ultra Forward-Thinking Savers - 20-somethings saving almost a fifth of their monthly salary for specific goals.