Savings News
Brits different gender attitudes to saving
According to new data released from NS&I's Savings Survey, over a quarter (27%) of the British population say they will be less likely to save over the coming three months. With the findings highlighting the population's pessimistic attitude to future savings.
Families already saving for higher tuition fees
Nearly one in four parents and grandparents are already saving into deposit accounts and stocks and shares ISAs in response to higher university tuition fees, new research from Virgin Money shows.
To fix or not to fix - the savings account dilemma
According to independent financial research company Defaqto, the growing likelihood of a bank base-rate increase means people should think carefully before committing their savings to fixed-term accounts.
Apply early for cash ISAs to avoid disappointment
Santander is urging savers to act now to avoid disappointment and ensure they don't miss out on this year's 2010/11 ISA allowance. With the end of the tax year fast approaching it's important that savers don't leave it too late to apply for an ISA in time to fund before the end of the current tax year.
Saving for our children is important - but what are the options?
With Child Trust Funds no longer available and a new children's savings plan - called Junior ISA - expected to be launched later this year, independent financial research company Defaqto outlines the options available for people that want to start saving for their children in the meantime.
Average easy access savings rates now at highest levels
Today's announcement by the Bank of England that inflation hit 4.4 per cent may appear to be bad news for savers, but according to moneysupermarket.com analysis, savers are actually benefitting from some of the widest margins between the top easy access rates and Base Rate since the latter fell to a record low over two years ago.
Younger generation need more help to understand ISAs
New research from Lloyds TSB Savings shows that whilst the nation is savvier than ever about Cash ISA's, today's younger generation of 18 to 24 year olds need more help to understand the benefits of an ISA.
14.5 million Brits are saving more than ever
A survey by Clydesdale and Yorkshire Banks into the nation's saving habits found that despite feeling the squeeze, over a quarter of us (28%) are saving more money than we did twelve months ago and 24% are going to unusual lengths to stash the cash.
Mums forced to reduce family savings to budget for essentials
Ahead of the Chancellor's budget this Wednesday, Family Investments reveals, in its first ever UK Mums' Budget, that almost half of mums across the country (47 per cent) will be reducing family savings by an average of £386.76 over the next year.
UK average cash ISA balance is £7,836
Customers in Derbyshire Dales have the highest cash ISA balance of £10,478, 34% above the UK average of £7,836, according to the latest Halifax Savings Map. South Bucks (£10,321), Harrow (£10,228), Chiltern (£10,165), East Dorset (£10,120) and Brentwood (£10,025) all also have balances over £10,000.
Nationwide calls on Government to invest in savers
With 16 million British people having no savings at all, the forthcoming budget represents a vital opportunity for the government and savings providers to focus on the future of Britain's savers.
Northern Rock launches new savings website
Northern Rock has launched a new interactive website - northernrock.co.uk/savings/ to make it easier for customers to find a Northern Rock savings product from the competitive range available. The new savings website follows the introduction of Northern Rock’s award-winning Mortgages website, which was launched in April 2010.
Savers set to lose out by not investing tax efficiently
Unbiased.co.uk's annual Tax Action Report reveals that savers are losing out on as much as £509 million by failing to put their savings and investments into tax-efficient savings accounts.
Barclays launches new everyday banking videos online
Barclays has launched two new online videos, helping customers get to grips with all the essentials they need to know about their everyday banking for savings and mortgages.
Brits raiding savings to fund everyday living
With household finances under severe pressure due to the rising cost of living and rising unemployment, research by moneysupermarket.com has found almost a quarter of Brits (23%) with savings are using this money to pay for everyday household bills and spending.