Savings News
Britain’s savings window is closing in
The gap between becoming mortgage-free and retirement is closing in for Britons, according to new research from Santander Savings.
Zurich UK Life launches new range of Deposit Accounts
Available immediately, the Zurich Equity Linked Growth Account 6 (ZELGA 6) runs for five years. It offers advisers and their clients the potential to earn 100% of any growth of the FTSE 100 Index, subject to an overall maximum return of 50%, whilst protecting clients' capital. Applications must be received by 18 March 2011.
Santander - latest issue structured product launched
From Friday 4 February, Santander will be launching their latest range of Structured Products for customers looking for a capital return at maturity as well as a minimum return if held for the full term.
Brits blame savings apathy on cost of living
New research from Confused.com has shown that 57% of Brit's blame their lack of ability to save on the cost of day to day living.
‘Silver savers’ put away £1k a year for grandchildren
‘Silver savers' put away just over £1k a year for their grandchildren; according to new research by C&G Savings. As a result, many grandchildren could be handed nest eggs of up to £20k by their grandparents at some stage during their life.
Households go without heating to save on bills
Higher energy prices have led to a shock rise in the number of people cutting down or rationing their energy usage, according to new research from uSwitch.com, the independent price comparison and switching service.
Consumers move away from property as long term investment
The number of people who see property as the best long-term investment has fallen to its lowest level, falling by almost a third in the last three months of 2010.
Further misery for savers as inflation hits 3.7%
Inflation figures released today show the Consumer Price Index increased by 0.4% to 3.7% during December.
Soaring inflation looks set to continue for the foreseeable future
Today's announcement by the Bank of England on the increase in inflation to 3.7 per cent spells further bad news for consumers, with the situation unlikely to get any better in the near term.
Young motivated to save more in 2011
The first HSBC Savings Map of Britain reveals savers are more ambitious with their savings plans in 2011, contrasting with a difficult 2010.
Savers resolve to put away £620m in 2011
According to new research from Lloyds TSB, after losing weight and getting fit (25%), the most common New Year's resolution for people in the UK is to start taking control of their finances (11%).
‘Kittynomics’ saves savvy students £193 million a year
As the second university term beckons for UK students, new research from Barclays reveals that almost half (45 per cent) of students are using ‘Kittynomics' to manage their living expenses. £193 million is being saved annually by students who pool funds into a central pot of money - or kitty - to make group purchases with friends.
One in three Britons can’t afford to save
A third of Britons (33%) feel that they cannot afford to put any money aside each month, as they have no spare cash, according to research by Skipton Building Society. With post-Christmas debt currently hanging over the population, people could risk finding themselves in an even poorer financial state as the country enters the New Year.
More than £7 billion in cash is kept in UK homes
More than £7 billion in cash is lying around in people's homes, according to research by the Financial Services Compensation Scheme (FSCS).
Brits save money by furnishing homes with second hand bargains
With the Christmas spend hangover and VAT increases on the horizon, millions of homeowners are looking to embrace the age of austerity by furnishing their property with second-hand furniture, electronics, white goods and other household items, according to new findings.