Savings News

Great news for savers: Nationwide welcomes FSCS extension

Nationwide director, Maxine Taylor comments on today's announcement by the FSA confirming that customers of merged building societies will retain their FSCS (Financial Services Compensation Scheme) cover until 30 December 2010 and the timescales outlined for FSCS levy reform.

Abbey and A&L launch new guaranteed investment products

This week Abbey and Alliance & Leicester have launched 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.

Worrying trend in the savings market

The savings market has been awash new launches recently and many of them are significantly higher than the Bank of England base rate.

Cater Allen launch structured product paying up to 37%

Cater Allen Private Bank, part of the Santander Group, is today launching its latest structured product. This is a revised version of its previous FTSE 100 linked plan that offers the potential of up to 37 per cent return on maturity, if the final index level stays the same, or increases from its initial index level.

Women save their way through recession

At a time when around £1.9 trillion of UK household wealth has been erased since July 2007, Legal & General asked more than 4,000 Brits what action they were taking to help manage their household budgets.

Confidence crisis means investment opportunities missed

AXA believes it could be time for consumers to start investing again, after two key investor confidence indicators rose strongly last month.

Another week, another raft of new savings best buys

Andrew Hagger of Moneynet.co.uk reflects on another week of good news for savers: We appear to be in the middle of an all out savings war with new best buy deals hitting the market on an almost daily basis.

CPI fall makes it easier for savers to secure a real return

Andrew Hagger of Moneynet.co.uk reflects on the latest inflation figures: With CPI falling from 2.2% in May 2009 to 1.8% in June 2009, savers are now faced with a far bigger choice of savings accounts that will enable them to get a real return on their money.

Savers urged to check savings rate

Saving account holders could earn an extra £7.7 billion a year by checking the interest rate paid on their savings (AER) and then switching to a better deal. moneysupermarket.com is challenging all savers in the UK to call their banks this week and check their savings rate.

Guaranteed Account now available from Zurich

Available immediately, the Zurich Guaranteed Capital Account 24 (GCA 24) which runs for five and a half years, offers intermediaries and their clients the potential to benefit from the growth of the FTSE 100 Index whilst protecting their clients' original capital investment.

Top savings deals selling out fast

Andrew Hagger of Moneynet.co.uk looks at developments in the savings market during the last seven days.

Brits kidding themselves when it comes to savings

Many Brits may be kidding themselves - believing that the only reason they aren't saving is that they don't have enough money - but in reality if they had the extra cash they still wouldn't use it to start saving, suggests research from moneysupermarket.com.