Savings News
Brits cut down on restaurant trips and takeaways to save cash
Brits are cutting back on treats like meals out and takeaways and lowering their shopping standards as they try to cut back their spending.
Get savings savvy – nest egg essentials
To coincide with British Savings Week, money.co.uk is helping savers to get in control of their money with some top savings tips.
Saving for pensions suffers as short term fears kick in
The MoneyMood Survey from Legal & General reveals a worrying shift away from longer-term saving, such as saving for a pension, as short-term needs outweigh the need for retirement planning.
Savers expect interest rates to rise
Figures from Santander Savings' latest quarterly savings barometer - Savings Snap Shot - reveal that seven in 10 (68 per cent) of Britons are expecting the Bank of England base rate to increase over the next twelve months. In fact, 11 per cent people predict an increase from the current rate of 0.5 per cent up to 2 per cent or higher.
Pocket money falls to seven year low
The amount of pocket money children receive has fallen over the past year, hitting a record seven year low, according to research from the Halifax.
Brits save for dreams
A new "Alternative Census" study of 10,000 UK residents reveals that despite the difficult economic climate, UK residents are adopting a more austere approach to their finances with 84 per cent of people now actively saving for the future.
100 days until Christmas – get your finances in festive shape
For many hard-pressed Brits, Christmas seems a long way off and the thought of the additional pressure it will have on their finances will lead to many people deciding to ignore it until the last minute.
Savers hopes on hold as inflation fall stumbles
Inflation figures released today show that the Consumer Price Index (CPI) has remained unchanged at 3.10%, still way above the Government's 2% target.
Four out of 10 men saving in case they lose their job
The latest MoneyMood Survey from Legal & General shows a marked increase in the number of men who say they're saving "in case I lose my job", rising to four out of ten men (40 per cent) in August.
Raiding savings should be a last resort
According to research from Schroder's, in the past year, 31 per cent of UK adults have drawn on a collective £60 million in savings and investments to supplement their income, while Scottish Widows has found that almost one in 10 adult children have had to bail out their parents in the past year.
Over 55s see unexpected expenses eat into savings
Unexpected expenses are forcing over 55s to dip into savings that would otherwise have been used for retirement income, according to latest Aviva's quarterly Real Retirement Report.
UK adults hiding £14bn in secret savings
Over a sixth (15 per cent) of UK adults admit to having a bank account that they keep hidden from their partner, new research from the Post Office has revealed. The average secret savings account contains £2,033, although one in 20 admit to hiding over £10,000.
Women savers on the increase
The number of women who say they're in the mood to save has increased steadily over the last two years, while the number of men (who say the same) has dropped, according to the latest MoneyMood Survey.
Brits save money by booking summer holidays last minute
As many people look to tighten their belts, new research from Sainsbury's Credit Cards reveals that this year, 1.28 million summer holidaymakers booked their summer vacations less than two weeks before going on them, saving themselves hundreds of pounds each.
Savings levels plunge as Brits rush to repay debt
As economic reports warn of a double dip recession, Brits are returning to repaying their debts, a behaviour last seen at the beginning of the financial downturn.