Savings News
Education fears spur London grandparents to save
A greater proportion of grandparents in London save or invest for their grandchildren than anywhere else in the country, according to a newly published survey. However, Southampton boasts the most generous Grandmas and Granddads, while for those with grandparents in Aberystwyth, the future may be less rosy.
Nationwide Savings Index at highest since December 2008
Following its resurgence in the previous month, the Nationwide Savings Index rose by another three points to reach its highest level since December 2008.
Families without savings
Andrew Hagger of Moneynet.co.uk comments on the research from Abbey Savings that 28 per cent of parents have no savings and a further 20% have less than £1,000 to fall back on.
Fears over growing trend of families without savings
Research from Abbey Savings has highlighted that over one in four (28 per cent) British parents with young children have no savings or investments to use in times of difficulty or to use as a nest egg for their children's future.
NS&I provides financial education on the high street
NS&I is increasing its efforts to help the British public get control of their finances by providing free personal finance guides through its marketing partnership with WHSmith.
Scots must return to traditional values of thrift and prudence
A major study of Scottish savings habits conducted for leading pensions company AEGON by independent pensions expert Stewart Ritchie, OBE, has found evidence of worryingly low levels of short-term saving, even in higher income groups.
Do it at home and save money, say in-tertainers
They say that home is where the heart is, but during the recession it's where the head is too - according to new research by Abbey Savings.
Nationwide Savings Index bounces back
All four of the Nationwide Savings indices have bounced back, following last month's falls. The Savings Index is now at its highest level since November 2008.
Who wants to be a millionaire? Our kids do
Over half of UK kids (51%) think they'll be a millionaire one day according to a survey of 3,000 six to ten-year-olds by Tesco Savings.
Watch out for savings rate shavings
Despite the base rate remaining static for six consecutive months, the latest market analysis from uSwitch.com reveals that savings providers are still intent on cutting rates across their product ranges.
Abbey and A&L launch new guaranteed investment products
Abbey and Alliance & Leicester are launching their latest range of guaranteed investment products for savers looking for the security of a capital guarantee with a minimum return.
Couples stay cool about cash
New research from NS&I's (National Savings and Investments) Quarterly Savings Survey reveals that couples are open about their finances. 81% of Britons say they never argue about money with their partner.
Monmouthshire BS praised for savings consistency
Monmouthshire Building Society, one of Wales’ largest and most successful institutions, has been recognised by Moneysupermarket.com as providing the UK’s ‘most consistent’ Cash ISA, generating the best returns over a 3 year period.
Trust in banks dives as savers seek new homes for cash
Consumer trust in banks has eroded dramatically in the past year as the spate of financial crises and the continued economic downturn take their toll on customer confidence, according to retirement income specialists, MGM Advantage.
B&B new online notice account & fixed rate ISA
This week Bradford & Bingley Savings has launched two fantastic new accounts for both new and existing customers.