Savings News

Interest rates may be low but your savings rates don't have to be

Following the announcement that the Bank of England base rate has been cut from 3% to 2%, Abbey this week encourages savers to think carefully to ensure they continue to get the best out of their savings.

Savers surf their way to financial decisions

The onset of the ‘credit crunch' has kept savings at the top of the agenda for Brits, almost one in three (29%) say they have cut back on their spending and are trying to save more - with the younger generation even more keen to save (36%).

Brits at risk as £5.4 billion kept hidden in homes

Financial fear has led millions of Britons to keep £5.4 billion worth of cash stored up in their homes over the past twelve months rather than in the security of a bank or building society that pays interest on the money deposited.

As base rate falls savers' optimism increases

There has been a distinct shift in consumers' savings habits in November, according to research from Nationwide Building Society.

£1.7m needed to sustain average standard of living for life

The typical eighteen year old will need a staggering £1,745,739.82 in today's money in order to sustain an average standard of living until they die. That's the stark assessment of a new study commissioned by AXA.

Banks welcome gateway to greater savings

Britain's banks have pledged their support for the Government's Savings Gateway Accounts Bill, which starts its progress through Parliament today.

Saga hits £3bn savings deposits mark

Saga has announced that customers have now deposited over £3bn across all of its savings products, and that it has seen more than 50 per cent growth in deposits since the start of the year.

'FREDs' frantic about credit crunch and fears of recession

Six months after the LV= ‘State of Retirement' report first identified the rise of ‘Fred' - people approaching retirement who are Facing Retirement Earnings Doubts - new research shows that seven out of ten (69%) pre-retired people are now more concerned than ever about their financial security.

Savings plummet as Britons pay off debt mountain

The credit crunch is finally hitting home and worried consumers are taking drastic actions to reduce their debt mountain, according to figures from Unbiased.co.uk.

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 27th November 2008, with guaranteed interest rates over 1, 2 and 3 years up to 3.25% AER/gross.

Savers put their trust in Nationwide

Nationwide Building Society welcomes the research findings released from moneysupermarket.com which show that the Society came out top of a consumer survey about where people would save £50,000 for one year.

Nationwide is the nation's safe haven

One in seven people would trust Nationwide as the safest haven for their money if they were given £50,000 to invest for at least a year, according to a national poll commissioned by moneysupermarket.com. Abbey came in one percentage point behind on 13 per cent.