Savings News
M&S Money issues new Fixed Rate Savings option
M&S Money is offering a new Fixed Rate Savings option with effect from 1st October 2009. The guaranteed interest rates are available over 1, 2 and 3 years at up to 4.00% AER/gross.
Providers target savers willing to lock money away
Banks and building societies are continuing to target savers willing to lock their money away in a fixed rate bond, a move that appears to be paying off.
moneysupermarket.com: Rise in premium bonds prize pool
Commenting on the rise in the premium bonds prize pool, Kevin Mountford, head of banking at moneysupermarket.com, said:
NS&I increases premium bonds prize fund rate
NS&I has announced that it is increasing the Premium Bonds prize fund rate to 1.5% from the October 2009 prize draw onwards.
Number of Brits not saving money rises
The average saver has increased the amount they put away each month by over a quarter (26 per cent) since the beginning of 2009 but the number of Britons who aren't saving anything has also risen, new ‘Snapshot' research from Abbey Savings has revealed.
Savers turn back on property
While property values remain uncertain, the third annual Scottish Widows Savings and Investment Report reveals that the nation's view of investing in property has been impacted by the unprecedented economic environment in last couple of years.
Zurich launches new Guaranteed Account
Available immediately, the Zurich Guaranteed Capital Account 10 (ZGA 10) which runs for five years, offers intermediaries and their clients the potential to benefit from any increase in the value of the FTSE 100 index whilst protecting their clients' original capital investment.
Is Britain a nation of pessimists?
As Financial Planning Week launches in the UK, new research from Scottish Widows reveals that Brits have a grim outlook when it comes to preparing financially for their future.
Aviva launch roadshows to improve financial wellbeing
Aviva is set to unveil a series of experiential roadshows, designed to encourage consumers to improve their financial wellbeing.
Two thirds of Brits don't know savings rates
Despite the serious issue of lack of income in the current environment, and widespread belt-tightening, research by Saga Personal Finance has revealed that Britons are doing little to make the most of their savings, with almost two thirds (61%) admitting to not even knowing the rate of interest on their accounts.
Brits relying on lottery win to improve finances
In a disturbing reflection of attitudes towards planning and financial literacy in the UK, more than a quarter of Brits are relying on winning the lottery to help improve their financial situation.
Tips on how to get the most out of your savings
As interest rates remain significantly lower than they were a year ago, those of us who are in a position to save may feel reluctant to put our hard earned cash into a low paying savings account.
Barclays Wealth kick-out investment with capital protection
Barclays Wealth is launching FTSE Generator - a new protected investment offering investors full capital protection and the prospect of an early maturity.
Abbey and A&L launch new guaranteed investment products
On Friday 4 September, 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, providing they are held for the full term.
Saving for a sunny day
Summer is on its way out; as the weather forecast continues to predict rain, new research from Halifax reveals that Brits are saving for a sunny day. The research shows that almost three quarters of Brits (72%) were intending to use their savings to pay for this year's summer holiday.