Savings News
New millionaire from Suffolk in NS&I September draw
The lady from Suffolk asked to remain anonymous, though said of her win: "This is an exciting win for me and my family, though I have to admit I'm still in a state of shock!
NS&I luckiest regions for winning Premium Bonds prizes
A list of the luckiest regions for winning Premium Bonds prizes has been unveiled by NS&I showing that those firstly in the South West, and then in the East Midlands, win more Premium Bonds prizes of £1,000 or more, than the rest of the UK.
Supermarket price war spills into finance
In recent months the contest between the supermarkets has heated up, as they fight it out to offer lower priced goods to help us all through the recession.
Brits more financially aware
Nearly two-thirds (63%) of the population are more aware of their finances and are making an increased effort to look after their accounts as a result of the credit crunch, according to new research released by NS&I (National Savings and Investments).
Barclays Wealth launches new protected investments
Barclays Wealth is launching new issues of its Minimum Return Plan, Protected FTSE Plan and UK and US Super Trackers after exceptional demand led to the early closure of the preceding range.
NS&I increases savings rates
NS&I (National Savings and Investments) is increasing the interest rates on its Fixed Interest Savings Certificates, Children's Bonus Bonds and Direct ISA by up to 1.20%. The revised interest rates will come into effect from 19 August 2009.
Newcastle continues to reward its savers
With a record low base rate held at 0.50% for over five months, and despite intense high-street competition, Newcastle Building Society is continuing to secure best-buy savings slots (source: moneyfacts.co.uk), for products such as its Reward Saver paying up to 3.00% Gross/AER, which includes a 1% bonus.
IFAs believe clients saving too little, too late
Research carried out by AXA Winterthur Wealth Management ("AXA Winterthur") suggests IFAs are concerned that their clients are not saving enough for retirement.
Partnership taps into demand for tax beneficial savings
Clydesdale Bank and Yorkshire Bank have launched a new tax exempt savings plan in partnership with Engage Mutual Assurance.
Future families founded on fortune
Finances shape the family and will be crucial to holding them together by 2029, according to a new report by the Future Foundation for NS&I (National Savings and Investments).
Fixed rate savings – short term or long term?
£50,000 invested for 5 years at the interest rate low point (Feb/Mar 09) could see you £7,000 (net of 20% tax) worse off than if you'd invested your money just eight months earlier or £4700 worse off than if you'd deferred your decision until today.
Dads worth additional £17,000 to families
Dads are spending more time at home and are becoming more actively involved in a range of domestic chores, as well as taking on a greater role in childcare.
Recession prompts rise of financial rationality
The recession is prompting Brits to seriously rethink the state of their finances and their long-term financial futures, according to the Generation Recession Report from Friends Provident.
Cater Allen launches the Capital Guaranteed Growth Plan 2
Cater Allen Private Bank announces the launch its latest FTSE 100 Index linked structured deposit, the "Cater Allen Capital Guaranteed Growth Plan 2" (available from Monday 3rd August, 2009).
New Premium Bond millionaire from Wales in August draw
In Wales, over 1.1 million people hold Premium Bonds worth over £1.7 billion. There are over 21,000 unclaimed Premium Bond prizes in total worth over £1.2 million. This is the 12th time that the £1 million jackpot has been won by a person living in Wales.