Savings News

Double woe for savers

Andrew Hagger of Moneynet.co.uk looks at the latest inflation figures and how the position for longer term savers has worsened over the last 6 months.

More people thinking of saving for a pension

The number of people who say they're saving for a pension has shown a significant rise compared to this time last year, according to figures in the latest MoneyMood Survey from Legal & General.

Regular savers roar to life during ISA season

March saw a three-point uplift in the Nationwide Savings Index, following on from the previous month's six-point rise. A three percentage point increase in the frequency of regular saving (51% from 48%) played a part in this latest increase and the timing may not be a surprise given that March is in the midst of the busy ‘ISA season'.

New issues of NS&I inflation beating savings

NS&I (National Savings and Investments) has launched new Issues of its Inflation-Beating Savings (also known as Index-linked Savings Certificates). The new Issues are available to savers in 3 and 5-year terms.

M&S Money issues new Fixed Rate Savings

M&S Money is offering a new Fixed Rate Savings option within the M&S Cash ISA with effect from Tuesday 6th April 2010. The fixed rates are also available outside an ISA.

Play fair on ISAs, say savers

UK savers believe it is unfair for banks and building societies to offer lower rates on ISAs than on other savings accounts, according to research by Clydesdale and Yorkshire Banks.

Entrepreneurs use personal savings to survive recession

Entrepreneurs have pumped in up to £16 billion of their own personal savings to get their businesses through the last year, making this the UK's ‘piggybank recession', according to new research.

A quarter of savers don't know their ISA rate

A quarter of savers don't know the interest rate their Cash ISA is paying, according to research by The Co-operative Financial Services (CFS). And, with 92% of ISA savers choosing a cash option, the figures show a worrying trend.

Savings balances increase at mutuals in February

Balances held in savings accounts at mutual institutions increased by £807 million in February compared to reduction in balances of £467 million in January.

Brits cut back as recession continues to bite

The vast majority of Britons are still continuing to cut back on their outgoings, according to new research for Santander Current Accounts, with the recent emphasis on shopping around for good deal on groceries, switching off lights and electrical items, and starting a culture of ‘make do and mend'.

Mums want nest eggs, not Easter eggs

As the UK's children gear up to gorge themselves on an average five Easter eggs each, research from money.co.uk has revealed that the nation's mums would prefer friends and family to give cash instead of confectionary.

Savers still out in the cold despite inflation falling in February

With the Bank of England announcing that CPI fell in February, savers might be thinking that there are green shoots of recovery on the horizon, but analysis from the UK's number one comparison site, moneysupermarket.com shows that no easy access savings account currently pays enough interest to offset the effects of inflation and taxation.