Savings News
Fear driving nation to save
The Scottish Widows Pensions Report has revealed that almost half the nation (49%) is still not saving adequately, and while figures are slightly up on previous years, this is mainly due to an increase in non-pension savings, with consumers saving more for the short term.
Savers in North Norfolk save the most in proportion to earnings
Savers in North Norfolk have the biggest savings balances relative to local earnings in the UK, according to the latest Halifax Savings report. The average balance of £9,883 is equivalent to 55% of local average annual gross earnings.
Why you are better off being Welsh!
Results from the latest Legal & General MoneyMood Survey show that females are in the mood to spend more and males are in the mood to save more - in fact 6 per cent more men are in the mood to save compared to women.
The Cheshire launches new Guaranteed Capital Plus Account
Cheshire Building Society has launched a new Guaranteed Capital Plus Account (GCPA), provided by Credit Suisse International.
Reformed smokers cashing in
Michelle Slade, analyst at Moneyfacts.co.uk, comments: "Figures from the NHS earlier this year revealed that nearly 165,000 people gave up smoking with NHS help in 2007, compared with nearly 129,000 in 2006.
Have you seen your money go up in smoke?
1st July marks the first anniversary of the smoking ban across England, a time when many smokers choose not to stand out in the cold but to pack in the habit for good.
Brits save spare cash for European holiday
Brits have been setting aside their spare cash over the past year in order to afford a holiday this summer to a European destination with sandy beaches and as few British tourists as possible, according to a new study by Abbey Savings.
Inflation proof your savings
The cost of living crisis gripping the UK means taxpayers earning less than 5.4 per cent on their taxable savings are losing money.
moneysupermarket.com: B&B's new savings accounts
Commenting on the launch of Bradford & Bingley's new ‘rate for life' savings accounts, Kevin Mountford, head of savings at price comparison site moneysupermarket.com, said: "Whilst a rate for life will appeal to some savers who aren't inclined to shop around regularly for the best rates, it really does depend on what that rate is.
MoneyExpert comment on B&B's Rate for Life account
Sean Gardner, director at MoneyExpert.com, said: "When it comes to financial products, whether it's our mortgage, pension or investments it's clear most of us like security, we want to be clear about what we're going to get out at the end and B&B's latest offer caters to this - up to a point.
Abbey launches new Guaranteed Growth Plan
Abbey launches the latest in its range of guaranteed investment products linked to the FTSE 100 and designed to give investors access to the stockmarket with the security of a capital guarantee.
Abbey launches new Guaranteed Capital Plus product
Abbey launches the latest tranche of its range of guaranteed investment products linked to the FTSE 100 with the security of a capital guarantee.
Bradford & Bingley launches Rate for Life account
Bradford & Bingley launches three new innovative savings products that guarantee to match the Bank of England's Base Rate plus 0.25% p.a. for life.
Inflation linked savings
Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: "The Monetary Policy Committee (MPC) is currently trying to balance the scales between inflation and base rate.
Savers the clear winners
We've all seen the best buy tables but what's happened to the consumer who takes out the ‘average' product?