Savings News

Yorkshire Building Society aims to protect savers after rate cut

Yorkshire Building Society has expressed disappointment at the Bank of England's decision to reduce base rates by a further 0.5% today.

10% of savings providers cut rates by more than 0.5%

On the eve of what could be the lowest rate in the Bank of England's 315 year history, savers continue to suffer as providers cut rates by as much as 1%. New research from uSwitch.com shows that just four days into March and 41 providers have already cut rates by an average of 0.50%.

Savers should turn to shares for better returns

The Bank of England is widely expected to cut rates by half a percentage point to 0.5% on Thursday. David Kuo from the financial website The Motley Fool - Fool.co.uk - is urging savers to look to the stock market to lessen the pain caused by the Monetary Policy Committee's addiction to rate cuts.

Over a million building society savings accounts opened in 2008

Over a million new building society accounts (net of closures) were opened in 2008, building societies reported today.

Skipton increases online savings rates

In a market of falling savings rates, Skipton Building Society is swimming against the tide as it increases returns on its range of online accounts.

Nationwide announces new savings rates

Nationwide Building Society has announced details of its new savings rates, which come into effect on Sunday 1 March 2009.

‘Saving sap' generation push 2 million parents into debt

Despite the economic down turn, adult children are continuing to ‘sap' their parents' savings and investments, according to new research from Scottish Widows.

Plant the seed of savings with your soft fruit this spring

Gardeners are reaping the financial benefits of growing their own fruit and vegetables, according to research by NS&I. Seventy eight per cent of those who grow their own said that people should consider nurturing their own home-grown produce as a way to save cash.

Brits burying their heads in the sand when it comes to savings

Despite the assumption that the nation is now placing more scrutiny than ever on its finances, a new study by leading internet bank Egg has revealed that the vast majority of savers (69 per cent) have not been looking for competitive deals by moving providers or spreading their cash into different accounts in the past six months -

Choice of savings account is costing British families millions

New figures from HiSAVE – the online savings brand from ICICI Bank – reveal that Britons plan to borrow more than they save and invest this month – and the majority of those that are saving money have little idea if they are getting a good rate (53%) or whether their hard earned money is in the right place.

Donny Rovers Saver cheque presentation

Leeds Building Society was delighted to present Doncaster Rovers with a cheque for £8,300 at their home match with Sheffield Wednesday on 14th February at the Keepmoat Stadium.

NS&I reduces rates on most variable savings offers

NS&I (National Savings and Investments) is reducing the interest rates on most of its variable rate savings offers by up to 0.75% per annum, following movements in the Bank of England base rate. Revised interest rates will come into effect from 19 February 2009.