Savings News
Low savings rates but real returns continue to climb
Savings rates look to have ended their freefall, with the average no notice rate hovering around 0.65%, marginally above bank base rate.
Savers show flash of optimism
The Nationwide Savings Index improves slightly as consumers feel brighter about the economy.
Women save 17% more in proportion to their earnings
Female savers in the UK have average balances equivalent to almost 40% of their average annual gross earnings, whilst men have an average balance of just 23% of their earnings, according to the latest Halifax Savings Report.
Fairinvestment.co.uk looks at where to put savings
Interest rates remain at 0.5 per cent, but where can you get a decent return on your money? Chartered financial planner at Fairinvestment.co.uk, Sharon Bratley takes a look.
Savers must start becoming investors
David Kuo, Director at the financial website The Motley Fool - Fool.co.uk, says: "The Bank of England has already slashed interest rates to a level where further cuts will have no discernible impact. So, today's decision to leave interest rates unchanged at 0.5% is not unexpected.
A&L and Abbey launches new guaranteed investment products
This week Alliance & Leicester and Abbey are launching a new range of guaranteed investment products offering the security of a capital guarantee and minimum return, providing they are held for the full term.
Moneynet.co.uk: Top three savings picks 5 May 2009
Andrew Hagger of Moneynet.co.uk reviews three of the best savings deals on the market today. With new savings account launches still coming in thick and fast, there are three accounts that offer excellent value in the current climate depending on the type of product you're after.
Abbey, B&B Savings and A&L issue new fixed rate bonds
Abbey and Bradford & Bingley savings this week launch their latest range of fixed-term savings for customers looking for a competitive guaranteed return.
As recession erodes family inheritances, Brits face uncertain future
Nearly one in three British adults is banking on an inheritance to help fund their retirement, despite many having never even discussed the issue of inheritance with their parents, according to new research.
NS&I: New millionaire from Devon in May's jackpot draw
In Devon over 490,000 people hold Premium Bonds worth over £1 billion. There are over 7,900 unclaimed Premium Bond prizes in total worth over £450,000. This is the ninth time that the £1 million jackpot has been won in Devon.
New issues of inflation-beating savings from NS&I
NS&I has released two new issues of Inflation-Beating Savings, also known as Index-linked Savings Certificates, giving savers the chance to invest up to £15,000 tax-free per issue.
Cater Allen launches new Capital Guaranteed Growth Plan
Cater Allen Private Bank announces the launch of a new FTSE 100 Index linked structured product, the "Cater Allen Capital Guaranteed Growth Plan 1 - Issue 1" available from Monday 27th April, 2009.
M&S Money launches new issue of Fixed Rate Savings
M&S Money is offering a new issue of Fixed Rate Savings with effect from 22nd April 2009, with guaranteed interest rates over 1, 2 and 3 years up to 3.00% AER/gross.
Savers receive welcome boost as rates bounce back
Savers may finally be able to see the light at the end of the tunnel after a string of providers have this week increased rates or launched new accounts paying competitive rates.
No appreciation for elderly savers
Savings rates are still in freefall with the average no notice rate currently at 0.64%, just above bank base rate.