Savings News
Savers kept in the dark about rate changes, finds Which?
Many savings providers fail to keep their customers informed about important changes to interest rates on their accounts, according to new research from the experts at Which? Money.
Savers urged to check interest rates regularly
UK savers could be missing out on a massive £9.4 billion a year by failing to check the interest rate paid on their savings account and switching to a better deal. moneysupermarket.com, urges all savers to check their rates regularly and take action to ensure their money is working as hard as possible for them.
UK savers bank on their phones to save a pretty penny
Over half (51%) of Brits never leave home without their mobile phone with 44% claiming they couldn't live without it, according to research from BM Savings. In fact, a quarter (26%) of Brits confessed they would worry they would miss a call if they forgot their mobile.
Number of investors seeking advice drops
Investors are continuing to take their money into their own hands according to the latest research by Fair Investment Company.
Coventry Building Society and Coventry City FC - a winning team
Coventry Building Society has become the official mortgage and savings partner of the Sky Blues. The new partnership was launched by Ray Ranson, chairman of Coventry City Football Club, and Mark Harrington, Savings Product Manager of the Coventry.
Women over 50 need to re-engage with pensions savings
As women over 50 have been hit hardest by the dip in pensions savings, Scottish Widows is calling on this group to re-engage with pensions savings to ensure they prepare adequately for retirement.
How to save money on home insurance policies
According to independent financial research company Defaqto there are a number of ways that you can reduce the cost of your buildings and contents insurance without compromising on the cover.
NS&I axe Savings Certificates and cut rates – a blow for savers
Andrew Hagger of Moneynet.co.uk comments on the product changes announced by NS&I today.
NS&I reduces savings rates
NS&I today (19 July 2010) announced that its Savings Certificates (both Fixed Interest Savings Certificates and Index-linked Savings Certificates, also known as Inflation-Beating Savings) have been withdrawn from general sale and that it is reducing the interest rates paid on its Direct Saver and Income Bonds by 0.25% with immediate effect.
Inflation falls slightly but so do savings rates
Inflation figures released today show that the Consumer Price Index (CPI) has fallen marginally to 3.20%, still way above the Government's 2% target.
Access ISA added to AA savings stable
The AA has launched a new instant-access Cash ISA offering 2.70% AER (variable), including a 1% bonus for the first 12 months.
Brits raid savings pots dry
Brits are increasingly raiding their saving pots, according to research from the Birmingham Midshires. Brits have shed the saving pounds with two in five British adults (38%) confessing to raiding their savings during the three months to July 2010.
More interest rate rises from Abbey International
Abbey International has announced that sterling interest rates on its popular 18 month fixed rate contracts are to be increased to 3.25% gross (3.22%AER), giving an effective rate of 4.87% over the 18 month term of the account with immediate effect.
Re-investors will see income fall off a ‘savings precipice’
With more than 5.5 million fixed rate products worth over £110 billion maturing in 2010 - the largest number maturing in July (581,044) - HSBC warns investors that with savings rates languishing at historic lows, many UK "re-investors" will see their investment income fall off a ‘savings precipice' this year.
It's time to stop craving and start saving
Tomorrow, 1st July, marks the third anniversary of the smoking ban across England and Wales, when many smokers chose to pack in the habit for good.