Savings News
NS&I battles Brits' money muddles with new information website
The British are struggling with planning their finances, especially when it comes to understanding the terminology, according to a new survey conducted by NS&I.
Prepare for job losses
David Kuo, Head of Personal Finance at Fool.co.uk, says: "Consumers should not dismiss the 4% rise in company insolvencies as a blip. 3,210 companies went bust between January and March this year, taking the twelve-month running total to over 12,500 businesses.
Newcastle launches 5 year guaranteed return account
Newcastle Building Society has announced the launch of its new 5 year Guaranteed Return Account designed to provide investors with the opportunity to invest risk free and achieve a return based on the performance of the FTSE 100 over the next 5 years.
Playing it safe can be a risky business
Contrary to popular belief, savings accounts aren't always the ‘low risk' option and could even be seen as a risky choice for long-term savers, says Jonquil Lowe, author of Save and Invest, a Which? essential guide.
Abbey defies base rate cut on leading savings accounts
Following the decrease in the Bank of England Base Rate from 5.25 per cent to 5.00 per cent, Abbey will be changing its variable savings rates from 1 May 2008.
Make sure you don't ‘break the bank' this bank holiday
The standard British family spends on average a staggering £5,000 every year entertaining their children, according to new research from The Co-operative Bank Savings.
If it looks too good to be true, it just might be
Savers are being treated to uncommonly good rates on a wealth of savings accounts, but some of these may be subject to a poorer value product being opened at the same time.
One in ten prefer to stash cash under mattress
Savers are much more cautious now than a year ago, with one in ten people thinking their money would be safest under the mattress, reveals new research from Newcastle Building Society.
Secret savings to increase predicts NS&I
Technological advances will increase the number of people keeping their savings and expenditures secret from their partner by over 300% in the next fifty years, according to NS&I's (National Savings and Investments) Century of Saving report.
"Sap Back" parents are keeping it in the family
Adult children face an unexpected financial twist in their spending cycle - their parents who once gave or loaned them money are now sapping back and returning to their children for financial handouts.
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.
NS&I reduces rates on variable savings offers
National Savings and Investments (NS&I) is decreasing the interest rates on its variable savings offers by up to 0.25% per annum.
Savers have never had it so good
Historically, when base rates changed, savings rates followed suit, but in the current credit crunch, those with spare cash and prepared to move their money around can take advantage of the banks' and building societies' eagerness to attract retail funds.
3G UK as parents move to live with children
More than 80,000 UK households are now 3G families with three generations living together as financial pressures force adults with children to provide support to their elderly parents, according to new research from Prudential.
Norwich and Peterborough increases fixed savings rates
Norwich and Peterborough Building Society (N&P) is increasing the rates of interest paid on its six month and one year Fixed Rate Bonds, and its one year Fixed Rate Mini Cash ISA, with immediate effect.