Savings News

Make the most of this year’s ISA allowance

Savers can earn a better return on their savings by investing their cash in a one year fixed rate cash ISA, compared with a one year fixed rate bond - analysis by moneysupermarket.com has found.

Top ten financial tips to start 2011 on the front foot

While we all know Christmas is a time to indulge, the New Year is about starting over and, when it comes to financial planning, what better excuse for consumers to whip their personal finances back into shape.

Brits not changing financial habits in response to recession

Despite claiming they are more worried and insecure about money, Britons are proving to be resistant to changing their financial habits in response to the recent economic turmoil according to the latest research from HSBC, one of the UK's biggest savings providers.

HSBC launches Maximum Investment Plan

HSBC has announced it is to launch an open architecture Maximum Investment Plan for sale through IFAs. The HSBC Maximum Investment Plan (HSBC MIP) is a ten year regular savings plan with life cover, providing investment returns which are not subject to higher rate income tax. It is designed to help IFAs with long term, tax efficient savings planning for their high net worth clients.

Brits rein in Christmas budgets following Spending Review

The second annual money.co.uk Christmas Shopping Index has revealed the impact of the Government's Spending Review on planned Christmas spending this year. The study, which gauged Christmas plans before and after the Spending Review, found that 40% of British households will spend less than planned as a direct result of the Review. On average those spending less will cut their budgets by 32%.

Poor and proud: keeping up with the Jones’ a battle of austerity

Brits still love to keep up with the Jones', but instead of competing over having the biggest and best belongings, they're now more likely to talk about bagging the biggest and best bargains, according to new research from uSwitch.com, the independent price comparison and switching service.

Savers’ hopes of an inflationary respite are dashed

To maintain the purchasing power of their savings, a basic rate tax payer needs to find a savings account paying 4.00 % pa, while a higher rate tax payer at 40% needs to find an account paying 5.33%.

Grans save grands for hardworking parents

The UK's grandparents have dramatically increased their childcare duties over the last year, saving parents over £12.5 billion annually in childcare costs. This has increased by £7 billion on last year, according to a new research study.

Great bonus rate on your savings? Check the small print

Bonus rates make for good headline figures in the competitive savings account market, but check the small print before committing your savings, warns Julie Smith, head of savings at Fair Investment Company, or you could be in for a real shock.

London investors save almost £200 per month

Whilst the majority of investors in London are saving, most are not maximising their returns or taking advantage of the tax breaks open to them, according to research conducted on behalf of Fidelity Investment Managers.

Impulsive Brits overspend by not planning ahead

Cash rich, time poor Britons are throwing away £2,256 each year by failing to plan ahead on their purchases reveals a study by direct bank first direct. The tendency towards last minute spending on everyday items can add up to a staggering £43 per week.