Savings News
Savings suffer as consumers pay off debts in record amounts
New research from unbiased.co.uk, the professional advice website, reveals 2010 was a record year for consumers repaying their debts, but savings levels suffered as a result of it.
Barclays launches new competitive savings range
Barclays has launched two new savings products, including a highly competitive cash ISA paying 3.25 per cent AER/ 3.20 per cent tax free per annum variable to enable customers to make the most of their tax-free savings allowance.
Spring savers had Christmas wrapped up
British savers covered almost a quarter (23%) of Christmas spending using their savings pot, according to the latest quarterly Saving Britain research from BM Savings.
Cost of raising a child climbs to £210,000
The cost of raising a child until their 21st birthday now totals more than £210,000, according to the annual Cost of a Child Report from insurance, investment and retirement group LV=. This equates to £10,040 a year, £836 a month or £27.50 a day.
Brit's are saving for a rainy day
New research from Confused.com has revealed that as a nation we're saving for a rainy day rather than towards any particular goal.
Saving for life’s big events
Britons are dramatically underestimating the cost of life's big events, reveals new research from HSBC. On average life's big events cost £314,000 however Britons estimate the cost will be just £190,000, a shortfall of £124,000.
Silver savers under pressure as inflation takes its toll
As the UK continues to experience high inflation with low interest rates, the combination spells double trouble for those saving in later life.
It pays to fix your savings
New analysis by first direct shows that over the past decade fixed rate deals have offered better returns than the variable rate products on offer during the same period.
Inflation hits 4% - what does it mean for savers?
As inflation hits 4.00%, Julie Smith, savings analyst at Fair Investment Company explains what it means for savers.
Parents need to save £82 each month to cover tuition fee costs
Parents need to save up to £82 each month starting from the birth of their child if they are to cover the cost of the new university tuition fees cap, according to analysis by Family Investments, a leading children's savings provider.
Savings pain gets tougher
Inflation figures released today show the Consumer Price Index (CPI) increased during January from 3.7% to 4.00%.
University tuition fees and regular investing
University tuition fees have yet again hit the headlines, with the Government looking at ways in which universities charging over £6,000 per year might widen access for poorer students.
Savers must look for alternatives to help beat inflation
Reacting to the decision by the Monetary Policy Committee (MPC) to hold interest rates at 0.5%, discount broker Willis Owen says that with the ISA deadline looming savers simply cannot put off looking for alternative ways to help their savings beat inflation.
Working women less likely to have financial back-up
Almost a century after women asserted their right to vote, a new report from protection specialist, Bright Grey reveals another step forward in equality by highlighting that almost half (46%) of working women currently describe themselves as the main earner in their household.
Savings and investments to decline for high earners
The amount saved or invested each year by households with an income over £100,000 is expected to decline by 10% in 2011 reveals new research from HSBC.