Savings News
Average saver puts £219 away each month
The average saver is putting away £219 each month, an increase of more than one third (34 per cent) from 12 months ago when it was £163 per month, according to research from Santander Savings.
Women more in the mood to save
The mood of the nation now is definitely one of saving (61 per cent) rather than spending (26 per cent), according to the first Legal & General MoneyMood Survey of 2010. But there is a marked difference in the responses from women and men.
Make better use of savings with an offset mortgage
With just 33% of Cash ISAs offering a rate above 3%, changing to an offset mortgage may help you make better use of your savings and reduce the interest charged on your mortgage advises Defaqto.
ISA countdown - 1.5 million savers could miss out
Savers have just 9 working days left to make use of this year's ISA allowance, warn Clydesdale and Yorkshire Banks.
Offset your mortgage as a good alternative to poor savings rates
The Retail Prices Index (RPI) measure of inflation hit 3.7 per cent in January, and when combined with a historically low base rate of 0.5 per cent, this has left consumers with very few opportunities to gain any real return on their savings.
NS&I Inflation Beating Savings new Issues
NS&I (National Savings and Investments) is releasing new Issues of its Inflation-Beating Savings (also known as Index-linked Savings Certificates).
Switch onto mobile savings
Consumers could save significant amounts of money* every year by switching to the best mobile package for their needs, new figures show.
Barclays ISA deal hits top two spot
Andrew Hagger of Moneynet.co.uk looks at the latest developments in the savings market. For the fourth year in succession, the ISA offering from Barclays is riding high in the best buy charts.
Savings levels drop this winter
This winter, the amount of money the population is saving has decreased to its lowest level for over two years, according to NS&I's Savings Survey.
Avoid the Easter ISA rush, ISA savers warned
The tax year end falling across Easter this year could cost savers billions, warn Clydesdale and Yorkshire Banks.
Parents 'Savings Sap' fund stretched
The ‘lost generation' has been hit hard by the economic downturn as young adults have struggled to get jobs and make ends meet, so they are having to rely on their parents more than ever for support.
Saving is top financial priority for students
Students have identified saving as the financial priority they are most concerned about, according to a poll of further education (FE) students across England by the National Skills Academy for Financial Services (NSAFS).
New online comparison of charity savings accounts
With the bank rate at just 0.5%, finding high interest savings accounts can be tricky. But while the internet is packed full of comparison tables to help consumers find the best account, the same cannot be said for charities trying to make the most of their donations.
Brits get serious about saving at 25
The average age for Britons to start saving seriously is 25 years-old, according to new data from NS&I (National Savings and Investments).
New Year resolution that sticks - saving money
New Year resolutions made on the wave of year-end optimism rarely last more than a day or two, never mind weeks. But according to AA Savings, one top resolution: ‘Must save money!' does seem to have stuck.