Savings News
Credit crunch cloud has a green lining
It seems that even the credit crunch cloud has a silver lining, or at least green one. Indeed according to new research from cahoot, Brits are starting to live greener lives as a by product of their efforts to keep their living costs down.
Kaupthing savers weigh up ING's six-month bonus offer
Commenting on ING's new offers to its ex-Kaupthing savings customers, Kevin Mountford, head of banking at moneysupermarket.com, said: "The majority of personal savers with failed Icelandic banks survived a big scare last year.
Brits put saving before luxury spending
The amount Britons raided from their savings in the last three months fell by £204 (40%) compared with the same period last year (£506 to £302), according to the latest Saving Britain research from Birmingham Midshires.
Nationwide calls on consumers to start saving
Nationwide Building Society today calls on consumers to start saving. Its latest savings research reveals just over half (54%) of people think now is a bad time to save with just under a quarter (23%) of those questioned admitting they do not save anything at all.
New report shows that saving makes sense
New research published today by the Government, showing that saving makes sense as it substantially improves retirement income, is a positive step towards encouraging saving, according to the ABI. Maggie Craig, the ABI's Director of Life and Savings, said: "The ABI has always said that saving makes sense.
Spenders versus savers
Although by now many people have given up on their New Year resolutions, this year people are still looking at their finances more closely.
Saga calls on Darling to reduce tax on savings
Saga Personal Finance, the over 50s financial expert, today calls on Alistair Darling to include measures in the 2009 Budget to help savers, particularly pensioners, who are the innocent victims of the credit crunch.
As the snow falls savings rates follow suit
The falling base rate continues to punish savers as February brings another plethora of rate cuts, just days before the Monetary Policy Committee (MPC) meeting.
Abbey issues new fixed rate bonds & Super Saver
Abbey Savings this week launches its latest tranche of fixed-term savings accounts including its' new issue Super Saver, a 12-month fixed rate account when customers put the same amount or more into an Abbey investment product, including the capital guaranteed range.
YBS to offer ‘no risk’ guaranteed growth and income accounts
In the current volatile market many savers are looking to increase their returns. They are not, however, prepared to risk their capital by playing the stock market.
Increasing SAYE saving limits would help low earners
During a parliamentary debate on saving earlier this week, Financial Secretary to the Treasury Ian Pearson MP confirmed that a third of the 2 million employees who are saving in an Save As You Earn (SAYE) employee share plan earn less than £21,000.
Benefits of saving continuing to fall
Nearly three-quarters of consumers feel that the benefits of saving have fallen over the last year, according to research by the ABI (Association of British Insurers).
NS&I holds premium bond prize fund rate
NS&I has announced that it is holding the current Premium Bond prize fund rate at 1.8% (the rate implemented after the November base rate change last year) for at least the February and March 2009 prize draws.
Legal & General launches Growth Investment Plan Plus (18)
Legal & General's latest product in its capital protected investment range, Growth Investment Plan Plus 18, is launched to independent financial advisers on 17 January and will be available for investment until Friday 27 February 2009.
As base rate is cut, savers' optimism falls
The base rate reductions in October, November and December last year appear to have had an impact on consumers' desire to save and their opinion on whether the Government is doing enough to encourage people to put money aside.