Savings News
1 in 4 Brits have never switched and saved
New research by comparison site Gocompare.com has revealed that although 61 per cent of consumers are expecting 2011 to be a very difficult year financially, over 12 million of them have never switched any of the 20 most common financial products including car insurance, home insurance, energy provider, credit card or mortgage lender.
Savings balances held with mutuals increase in November
Savings balances held at mutuals increased by £0.6 billion in November 2010, following a decrease of £1.1 billion in October. Excluding interest credited to accounts mutuals had a net receipt of £0.4 billion in November.
New millionaire from Dorset in January’s jackpot draw
In Dorset there are over 337,000 Premium Bonds holdings worth more than £887 million.
Santander extends eligibility for Zero current account
From 4 January 2011 Santander is to make its market-leading fee-free Zero current account available to customers who hold £10,000 or more in savings with Santander.
Kick the habit and save a packet
With Brits across the country pondering their New Year resolutions, moneysupermarket.com reveals those who kick the smoking habit could see a difference in their wallets as well as their health.
Majority of savers unaware of improved savings protection
Only 17% of people are aware of new rules which will provide even better savings protection, new research by the Financial Services Compensation Scheme shows.
Make a resolution to save for Christmas now
As many people start the New Year with a financial hangover, the Office of Fair Trading is urging people to make a New Year's resolution to begin thinking now about saving for next Christmas.
Brits dip into £2.29 billion of savings for Christmas
One in five Britons will use their savings to cover all or some of their Christmas spending this year, according to Santander's quarterly Savings Snap Shot barometer. Those dipping into their savings will take out an average of £212 each, resulting in the withdrawal of a massive £2.29 billion from the nation's deposit accounts.
Brits saving less
This autumn, the amount of money the population is saving has decreased according to NS&I's Savings Survey.
Aviva targets workplace savings market
Aviva is strengthening its position in the workplace savings market by launching Total Reward Statements - an online, personalised record that lets employees understand the value of benefits provided by their employer.
Savvy shoppers plan to save money by avoiding VAT increase
We are a nation of savvy shoppers as around one in four (15.5 million people) of us have planned to make big ticket purchases in the last three months of the year to avoid the impending VAT increase, according to research by Sainsbury's Loans.
Savings levels continue to rise but debt repayments falter
With continuing economic uncertainty, the latest figures from unbiased.co.uk's Savings Brake report reveal that while Brits' savings habits reach an annual high, they are failing to keep up debt repayments to the levels seen earlier in 2010.
Savers still in the dark over new compensation limit
The Financial Services Compensation Scheme (FSCS) is due to raise the level of protection on consumers' savings in less than a month, yet almost 60 per cent of Brits are unaware of the impending changes.
Brits to receive half a billion pound gift this Christmas
Britons are expecting to collectively receive £587million in gift money this Christmas reveals new research by direct bank first direct.
Brits set for a home-made Christmas
Brits are getting creative with their Christmas spending this year with three fifths saying they will be more resourceful in order to save money or make it go further, according to new data from NS&I's Savings Survey.