Savings News
Savers suffer but annuities remain high
Comment from Craig Fazzini-Jones - Director and Head of MGM Advantage Designs for Retirement: The latest interest rate cut is sure to increase the anxiety about savings and investments, but for those considering retirement right now, here's what they need to know:
Top insurance tips to save thousands in 2009
Insurance is a vital part of everyday finances for us all; but there is no need to pay over the odds for it. The UK's leading price comparison site moneysupermarket.com reveals simple steps to save a typical family over £2,350 each year.
Saga welcomes efforts to highlight the plight of honest savers
Saga Financial Services, the voice of over 50s, announced that it supports efforts proposed by David Cameron to help savers who are the innocent victims of the credit crunch.
Nationwide cuts interest rates on savings and banking accounts
Nationwide Building Society has announced details of its new savings and banking rates which come into effect on Thursday 1 January 2009.
Top New Year's resolutions are to eat less and save more money
2009 is set to be the year for saving with ‘cutting down on spending' and ‘saving more money' reaching the top five New Year's Resolutions for 2009, according to research from Alliance & Leicester Savings.
Savings providers cut rates by up to 4% on over 150 products
For savings providers, all of their Christmas' really have come at once with three base rate decreases totalling 3% in just three months.
Double whammy eroding third of UK cash savings over five years
In recent years, UK savers have been able to rely on income from cash deposits to sustain their lifestyles.
13.5 million Brits failed to save a penny in 2008
The full extent of ‘credit-crunched' savings habits are revealed as a turbulent 2008 draws to a close. Almost 31 million Brits (64%) have managed to put at least some money away during 2008. However 13.5 million Brits (28%) haven't saved at all this year, and while half of them regret it now, the other half are surprisingly unconcerned, according to research from Alliance & Leicester Savings.
Newcastle Building Society Reward Saver and Reward ISA
As interest rates fall, with the prospect of further cuts, Newcastle Building Society has launched the Reward Saver and ISA accounts with a rate of 4.50% Gross, which includes a 1.00% bonus for the 1st 12 months of the account.
The gift of money
With cash being tighter than ever, many Britons are hoping their stockings will be filled with the gift of money instead of traditional Christmas presents this year.
Savers should fix before rates fall further
A poll of moneysupermarket.com users has shown that, far from spending any extra cash they may have as a result of falling mortgage costs, 62 per cent of people plan to save that money instead.
Skipton / Scarborough savers to get extra protection from FSCS
Savings customers, who hold joint membership of Skipton and Scarborough building societies at the date of the proposed merger, will benefit from new rules that offer them additional cover from the Financial Services Compensation Scheme (FSCS), it has been announced today.
Brits maintain savings
Almost half of the population (47%) have managed to continue to set money aside on a regular basis, a figure that has remained constant for the last three quarters according to the latest NS&I (National Savings and Investments) Quarterly Savings Survey.
A growing Sandwich Generation survives not thrives
Norwich Union, part of Aviva, predicts that an increasing number of people will have to provide care for parents and children as the UK's demographic continues to change.
moneysupermarket.com launches new savings channel
moneysupermarket.com has unveiled a new look savings channel, with improved tools and gadgets that will make searching for the best savings account even quicker and easier.