Savings News

Portman Building Society increases fixed savings rates

Portman Building Society has announced that it is boosting the rates on its fixed rate savings products following the recent increase in the Bank of England Base Rate.

The biscuit tin bank

Brits are collectively keeping a huge amount of cash at home and potentially missing out on millions of pounds of interest, according to research from Virgin Money.

Nationwide announces new savings rates and fixed rate bonds

With effect from Friday 1 June, all customers with variable rate sterling accounts with Nationwide International Limited, the offshore subsidiary of Nationwide Building Society, will receive a rate increase of up to 0.25%.

Premium Bond anniversary attracts record number of customers

The 50th anniversary of Premium Bonds has caused a stir amongst savers, leading to record levels of investment. Since NS& I, which runs Premium Bonds, kicked off celebrations £6.6 billion has been invested, with £2.2 billion worth of Bonds sold in October 2006 alone - the highest monthly total to date.

NS&I celebrates 50 years of premium bonds prizes

On 1 June 2007 almost 24 million people will all be waiting for one announcement: the winning numbers of the biggest Premium Bond draw to date. Almost 1.5 million prizes worth £116 million will be paid out including five £1 million jackpots.

National Savings and Investments rate changes

National Savings and Investments (NS& I) is increasing the interest rates on a wide range of its variable and fixed rate savings offers by up to 0.25% per annum.

Nationwide announces increases in savings rates

Nationwide Building Society has announced that from Friday 1 June 2007 all savers with variable rate accounts will see an increase in their savings rates. The vast majority will receive an increase of 0.25%, with some accounts seeing Base Rate-beating increases of up to 0.50%.

Generation eXcel

Forget Generation X, Abbey Savings has identified ‘Generation eXcel’ - that is the majority of Britain’s over 55s who feel they’ve improved on their parent’s lot. That’s in stark contrast to subsequent generations, who feel they are living in their parents shadow.

Virgin Money - Savings Rate Increase

Virgin Money will increase the interest rate for Deposit Account and Cash ISA customers to 4.75% (AER) from midnight on Thursday 17th May.

Is money the last taboo?

Nearly nine out of ten of us keep our salary a secret from our friends and two out of three of us don’t even tell our families how much we get paid, according to research by Scottish Widows.

Blair’s legacy to consumers

Following Tony Blair’s resignation announcement, Peter Vicary-Smith, Chief Executive, Which?, comments on Blair’s legacy to consumers: “Blair’s lasting legacy to consumers is giving us choices we couldn’t have imagined ten years ago – just look at the NHS, nutrition and education.