Savings News
Darling mustn’t ignore the plight of elderly savers
Even though CPI has fallen from 3.2% in February to 2.9% in March, savers will still find it a challenge to find an account where they can preserve the spending power of their nest egg.
Principality crowned one of UK's most consistent savings providers
Principality Building Society has been named as one of the UK's most consistent savings providers in a national survey charting rates over the last three years.
Savers invest in antiques
The first quarter of 2009 saw a dramatic change in fortune for the arts and antiques market as buyers re-entered the market looking for alternative investment opportunities, says the latest RICS Arts and Antiques Survey.
Brits abandon saving in favour of debt repayment
Research from Unbiased.co.uk, the professional advice website, reveals the extent of UK consumers' flight from saving to debt repayment during 2008.
How the credit crunch has affected the UK's savings
Following the unexpected collapse of a number of financial institutions and the consistent tumble of interest rates, Fairinvestment.co.uk takes a look at the saving habits of the UK, and how they have changed since the onset of the credit crunch.
Make this a savers' Budget
TISA - Tax Incentivised Savings Association - is urging the Chancellor to take the first steps towards creating a National Savings Strategy in next week's Budget.
Bonus rates give savers the biggest bang for their buck
Attractive introductory rates are in vogue in the UK savings market with many of the top accounts including short term bonuses.
Building societies retain consistency crown
Building societies once again reign supreme, taking 77% of the top spots in the Moneyfacts consistency survey.
Seventh time lucky for savers
Andrew Hagger of Moneynet.co.uk comments on the base rate decision announced today: The MPC decision to leave rates on hold will be welcomed by millions of battered savers, although it is a miniscule crumb of comfort when you look at savings rates on offer today compared with last October.
You can combat inflation even if the Bank of England won’t
David Kuo, Director at the financial website The Motley Fool, says: "As expected, the Bank of England has left interest rates unchanged. The decision is not a surprise given the weakness of the British economy. But it is worrying, nevertheless.
Brits assess their emergency savings
Britons believe the average amount each person would need to ensure peace of mind to cope in an emergency is £5,368.70 - the approximate equivalent of four months' of the average person's take-home income, according to the latest NS&I (National Savings and Investments) Savings Survey.
Diminishing interest rates leave 22 million UK savers confused
As the next base rate decision approaches, a new savings report from uSwitch.com has indicated that the abundance of base rate cuts over recent months has left consumers baffled as to what level of interest they are earning with their main savings provider.
Tax rules just too taxing for many British savers
Millions of British couples are paying more tax than they need to on their savings, according to research by Abbey Savings.
Compensation change would reduce stresses
Commenting on the FSA's proposal for temporarily increased FSCS cover, Kevin Mountford, head of banking at independent comparison site moneysupermarket.com, said: "Any increase in the compensation limit can only be welcome for savers and providers alike.
Fairinvestment.co.uk launches new investment service
Independent financial website, Fairinvestment.co.uk has launched a new service to help consumers make informed investment choices.