Savings News
Inflation increase is a kick in the teeth for savers
Today's announcement by the Bank of England on the biggest increase in inflation since records began spells bad news for savers with only a handful of savings products now paying high enough interest to offset the effects of inflation.
Building societies triumph again in consistency survey
Building societies have once again dominated the first Moneyfacts consistency survey of 2010, with 72.5% of all accounts listed as performing consistently.
A headache for savers as CPI begins to spiral
The consumer price index again rose sharply to 2.9%, spiralling above the Government's target of 2% for the first time since May.
Cater Allen launch new income structured product
Cater Allen Private Bank, part of the Santander Group, launched its first new structured product of 2010. The bank is starting the decade with the introduction of a five year FTSE 100 linked plan that offers the potential for an income paid in each of the five years of the term, offering a return equivalent to 6.5 per cent of the initial investment per annum gross).
A delay of 10 years could half your savings pot at age 65
With Christmas out of the way for another year, there's time for people to turn their attention to saving again - not just for next Christmas, but also for the longer term.
Five years, five million savers
What a difference five years make - back in 2005 interest rates were on the rise and the UK savings ratio was headed for its lowest point in nearly half a century - fast forward to 2010 and the trends have reversed with one savings scheme in particular leading the march and engaging the UK population; the Child Trust Fund (CTF).
Leeds Fixed Rate ISAs paying up to seven times Base Rate
Leeds Building Society has launched Fixed Rate ISAs paying up to seven times the current Bank of England Base Rate, complimenting the Society's market leading 5 Year Fixed Rate ISA.
Mortgage borrowers get cheaper rates at expense of savers
In the last few months, lenders have reduced mortgage rates. However, while borrowers benefit, savers are losing out as providers cut the savings rates they are offering in order to maintain their balance sheets.
first direct most loved savings brand
In December 2009 Lovemoney.com asked their readers what they thought about the financial products they use.
Savvy savers slash energy bills by jumping online
With the "Deep Freeze" sending chills through households in the UK, moneysupermarket.com warns British bill payers they will use around 40 per cent of their annual energy consumption over the winter months.
Money-saving Brits continue to ditch the gym in 2010
Hitting the gym to shift Christmas kilos traditionally tops the list of New Year resolutions, but according to research by moneysupermarket.com 2010 will be different.
Abbey and B&B savings to be rebranded as Santander
Commenting on the confirmation that 1,000 Abbey and Bradford & Bingley branches will be rebranded to Santander by the end of this month, starting in London on Monday, Kevin Mountford, head of banking at moneysupermarket.com, said:
New brand for personal accounts scheme
PADA has announced that National Employment Savings Trust (NEST) will be the permanent name of the new national workplace pension scheme formerly known as the personal accounts scheme.
NatWest Sectors Structured Deposit Account Issue 3
NatWest International Personal Banking (IPB) has launched Sectors Structured Deposit Account Issue 3, building on the success of previous Sectors accounts issued in 2009. The Sectors account enables customers to have both security and potential growth through the diverse green or UK business sectors.
Consumers urged to plan their finances in 2010
Unbiased.co.uk, the professional advice website, announces the launch of its new Financial Calendar tool, designed to help consumers create their own personal finance calendar and help them keep track of their key financial dates.