Savings News
Cater Allen launches new term deposit
Cater Allen, part of the Santander Group, has launched a new two-year term deposit for personal clients, paying a highly competitive 3.50 per cent gross/AER.
Savers still facing rate shocks
Andrew Hagger of Moneynet.co.uk looks at the current state of the savings market and the rate shocks that some consumers are still coming to terms with.
Saving £194 a month equates to financial happiness
New research by Skipton Building Society shows that there is indeed a price we can put on happiness, or ‘financial' happiness at least. For as little as an extra £6.75 a week, the equivalent of the cost of a daily chocolate bar, Brits would stop worrying about money and banish feelings of guilt!
Do you buy Fairtrade? Why not consider ethical investment
Most people recycle their rubbish, the majority would avoid buying products that are tested on animals, or clothes produced in a sweat shop, while companies like Fairtrade, Ecover and Neal's Yard have made it easy for consumers to make ethical and green choices in their everyday lives.
Forthcoming festive season not spurring British savers on
With just under two months to go until Christmas Day, research from NS&I reveals that the British population is feeling pessimistic about its ability to save money before the end of the year.
Skipton Building Society refreshes savings range
Skipton Building Society has announced a re-fresh of its existing savings range, introducing a suite of competitive rates and products to its customers.
Savers missing out on £12 billion
Savers are missing out on £12 billion a year because banks are keeping us in the dark about miserly interest rates, according to new research by Which?.
Providers battle it out for maturing NS&I fixed rate balances
Andrew Hagger of Moneynet.co.uk looks at the latest moves in the fixed rate savings market. At the end of October 2009, NS&I set the cat amongst the pigeons in the savings market when it launched a range of extremely competitive fixed rate bonds.
Post Office increases savings rates
The Post Office has increased the interest rate for its Online Saver account to 2.90% AER, putting it straight to the top of the Best Buy tables for easy access accounts. It has also launched a new issue of its one year Online Bond paying a Best Buy rate of 3.00% AER. Both deals are available immediately.
Home, heirs and happiness - the way to get Britain saving
When it comes to getting people saving, Brits seem to be motivated by three major factors, their homes, heirs and happiness. New research by Skipton Building Society shows that deposits for a new home feature top of the list of biggest savings funds - with on average over £77k held in savings accounts for that specific purpose.
Tips for setting up an emergency savings pot
HSBC research reveals that 30% of adults have less than £249 set aside as a financial safety net. The survey of 2,100 UK adults reveals 19% have no savings at all to fall back on and 11% have less than £249 set aside as a financial safety net.
Stubborn inflation punishes savers
To maintain the purchasing power of their savings, a basic rate tax payer needs to find a savings account paying 3.88% pa, while a higher rate tax payer at 40% needs to find an account paying 5.17%.
Singles save more than couples
The commonly held belief that married or cohabiting people are better savers than their single counterparts has been challenged by new data from NS&I's Savings Survey.
Savers still handing an unnecessary gift to the tax man
New research conducted on behalf of Fidelity Investment Managers shows that while nine out of ten people are saving, most are not maximising their returns or taking advantage of the tax breaks open to them.
How long would your ‘financial safety net’ last?
Almost four million Britons will be unable to maintain their current lifestyle beyond February 2011 if they had to live off their current ‘emergency' financial provisions, according to Scottish Provident's Financial Safety Net report.