Savings News
Mid-fifties are ‘richest’ years of our lives
British adults aged 55 and over are enjoying the richest years of their lives, according to new study. The findings emerged in a detailed study of 2,000 people aged 18 and over, looking at outgoings and expenditure across the years.
One in three saved nothing in last three months
Festive finances took another hit this year as unexpected costs and impulse spending led to one in three people raiding their savings, research by Halifax has revealed.
Using the CD ladder approach to increase savings
The beginning of a new fiscal year brings progressive changes in key indicators such as interest rates and capital flows in money markets. The U.S. economy, on the road to recovery, maintained a steady interest rate in 2013, meaning that yields on savings were meager. 2014 is going to bring change, and with it the savings model would also benefit.
Brits forced to use savings to cope with the rising cost of living
With the rising cost of living taking its toll on UK household finances, a poll by MoneySuperMarket shows that two third of Brits (62 per cent) have had a dip into their savings this year at some point, with a third (28 per cent) doing so to fund general living expenses.
Couples’ money secrets pose a risk to their financial futures
Couples are risking their financial futures by hiding savings, investments, debts and even income from one another, according to new research from Prudential.
Tell Leeds Building Society your savings story for a chance to win £2000
Leeds Building Society has launched its ‘Save Interesting’ campaign, which asks people around the UK to submit their "saving stories".
Rainy day funds: when is it OK to dip into them?
Over one in four Britons (27%) with an emergency fund have broken into it when they didn’t have to, according to the latest NS&I Quarterly Savings Survey.
£92 billion stashed away in secret savings
Over 10 million (28 per cent) UK savers are keeping financial matters a secret from loved ones by hiding a total of £92 billion worth of savings, with the average secret savings account containing £8,717, according to research from Post Office Savings.
The nation’s top 25 money saving tips
Thrifty money saving efforts are boosting people's finances by an average of £530 a year. Vouchers, money-off apps, packed lunches and home cooked meals are popular money savers together with shopping around for insurance and reducing energy use to shrink bills.
Take advantage of the pseudo savings accounts?
With the new rules reducing the time it takes to switch your current account coming into force, savers could bolster the interest they can earn, in a high interest-paying current account, plus they may also have access to some exclusive savings accounts.
UK “Cost of Life” predicted to rise by 64% in the next 20 years
Established International private wealth management experts, Liberty Wealth Management, have this week launched a fun and engaging interactive “Cost of Life” infographic which highlights the projected costs of life’s biggest expenses.
Quidco launches new ad campaign in time for Christmas push
The UK's biggest cashback site Quidco, unveils its biggest marketing campaign this week, as it steps up promotional efforts across TV, transport, radio and print channels.
Savings most popular way to fund home improvements
In a challenging housing market, homeowners might be expected to improve their homes rather than move.
Parents empty savings accounts to help children buy their first home
Half (49%) of parents, who have or plan to contribute to their children’s first home, plan to raise money to help their children buy their first property through cash savings, new research from Castle Trust, the housing investment and equity loans provider, shows.
Men more likely to dip into retirement savings during tough times
A fifth of men (17%) in the UK would consider dipping into their retirement funds to cope with tough times as a result of unforeseen life events compared to just a tenth of women (10%), according to a new study by HSBC.