Savings News
British couples suffer a breakdown in financial communication
At a time when money issues are commonly acknowledged as one of the most common causes of relationship breakdown, new research from Engage Mutual reveals the financial secrets which could be fuelling Britain’s divorce rates.
Start the New Year with a credit union savings scheme
Christmas leaves most of us with a hangover – and not just because of the booze. We can end up paying for Christmas well into the New Year, which can be a real downer after so much fun.
Jet age savers see their returns soar
Next week marks the 50th anniversary of the maiden flight of the Boeing 707, which marks the start of the “jet age” of commercial jet travel. This transformed the world, heralding an era when people could travel the world, and connecting societies around the globe.
Britain’s borrowings break £11 billion barrier
A climate of high interest rates and the ongoing consumer uncertainty over the credit crunch have led to consumers accessing their savings to pay for summer expenditure including holidays, leading to a reduction in the UK’s savings balances.
Britons stick to savings habit
Almost nine in ten British savers continue to take advantage of favourable interest rates and keep their money in banks and building societies, new research reveals.
ABCUL welcomes Midlands ‘Save Xmas’ launch
ABCUL – the Association of British Credit Unions – has welcomed the launch of the Office of Fair Trading’s ‘Save Xmas’ scheme in the Midlands.
Investments and pensions feeling the winter blues
With the end of another year rapidly approaching, Moneyfacts reflects upon the key financial events of the past twelve months and what 2007 has meant for consumers.
It’s not too early to be planning for next Christmas
Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, explains the advantages and catches of regular savings accounts.
Britain's new breed of 'Jekyll & Hyde’ savers
Sixty-six per cent of people incurring interest on items such as credit cards, overdrafts or loans have a savings account or ISA too.
Savers benefit from the liquidity crisis as fixed rates rise again
Andrew Hagger, Head of News and Press at Moneyfacts.co.uk, comments on the recent increase in short-term savings rates.
Pensioners have £33,000 in savings pot
In contrast to news this week that the average Briton has £33,000 worth of debt, new research reveals that people over the age of 55 have an average savings ‘pot’ of just over that amount - £33,091 and the over 70s are best off.
The fairer sex to the financial rescue
Men have been less likely to lend money to their children than women - over half of women have helped out their children financially (52%) compared to only 40 per cent of men, according to research by Unbiased.co.uk.
Abbey launches latest guaranteed growth plan
Abbey has launched a new Guaranteed Growth Plan (Issue 12) linked to the FTSE 100 Index. It offers a guaranteed minimum return of eight per cent over a three-year period or 20 per cent over a 5.5-year term.
Brits don’t know how much they need to retire
Brits do not know how much they need to retire on, according to shocking new research from Abbey Savings. 53 per cent of UK adults do not know what they would need to save to enable them to do what they want in retirement.
Credit crunch Britain sacrifices spending to keep loved ones happy
People struggling to make ends meet are preparing to forgo luxuries and work longer hours in order to provide for their loved ones, according to new research from Engage Mutual.