Savings News
Fixed rate savings best buys – blink and you’ll miss them
As fixed rate savings continue to fall, Rachel Thrussell head of savings at moneyfacts.co.uk looks at what this sector of the savings market still has to offer.
Capital Gains Tax & Employee Share Ownership
Changes to Capital Gains Tax (CGT), confirmed by the Treasury, could negatively affect over 270,000 Save As You Earn (SAYE) employee shareholders – 16% of the 1.7 million employees participating in SAYE schemes – according to ifs ProShare, the not-for-profit organisation that supports employee share ownership in the UK.
Britain’s streets are paved with £186 million
The average person pockets £4 a year from picking up pennies from the street according to research by leading independent personal finance website Fool.co.uk. That may not sound like much but, across Britain, this equates to a potential £186 million a year.
NS&I interest rate reductions
NS&I (National Savings and Investments) will be decreasing the interest rates on a range of its fixed rate savings offers by up to 0.50% per annum on 23 January 2008.
Abbey launches latest tranche of fixed-term savings accounts
Abbey Savings has launched its latest tranche of fixed-term savings accounts for customers looking for a guaranteed return on an amount of money they can lock away for a set time.
Fixed rate savings take a tumble
Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: “High savings rates have been a by-product of the credit crunch, as providers source deposits as an alternative option to raising funds on the money markets.
Savers - fed up with big rate cuts and short term bonuses?
Lisa Taylor, at Moneyfacts.co.uk comments: “UK savers are faced with a huge array of savings accounts to choose from, but how can they pick an account that hasn’t had its rate slashed to a derisory level or find an account that doesn’t include a short term bonus?
Regular savings beat recent rate drops
Savers can continue to benefit from good regular savings deals following the recent fall in the base rate.
Nationwide calls for voluntary code on savings products
Nationwide Building Society is calling on the industry to play fair to savers and inform them when introductory interest rates are due to end.
Very happy New Year for HBOS employees
ifs ProShare, a not-for-profit organisation that promotes Employee Share Ownership, has welcomed news that almost 14,000 HBOS employees have started the New Year by gaining up to £4,000 as a result of participating in HBOS Save As You Earn (SAYE) Sharesave plans.
Don’t despair – make sure you prepare!
There is little doubt that the next 12 months are going to be tough for Britain’s consumers. There will be a lot of belt tightening for people – but my message is don’t despair – make sure you prepare.
Treat yourself to a financial healthcheck this New Year
Avoid the financial winter blues by kick-starting 2008 with a fresh approach to savings, says Cheshire Building Society.
Savings top agenda for consumers in 2008
When it comes to finances the number one New Year’s resolution is to save more money in 2008, according to a survey from Nationwide Building Society.
Halifax reunites £14million in dormant accounts
Halifax has announced it has already reunited customers with £14.4million (33%) of all the money held in its dormant banking and saving accounts. Over 5,000 customers have been reunited with an average of over £2,500 each.
Saving more is top of UK financial wish list for the New Year
Saving more and taking greater care of managing their finances are Britons' top two financial resolutions for the New Year, a survey by UK bank Bradford & Bingley has revealed.