Savings News
How we're paying for the banks to have a holiday
Savers in the United Kingdom look set to miss out on £240 million in interest this month.
Savvy savers vote with their feet and make the switch
Savvy Brits who are unhappy with their savings account are voting with their feet and switching providers, according to new research out today from Birmingham Midshires’ Saving Britain campaign.
Young Brits delay financial milestones but rush into home buying
Despite money matters putting Britain’s younger generations off tying the knot and flying the nest, today’s under 25’s anticipate buying their first home before their grandparents did, according to new research by Engage Mutual.
Guaranteed monthly income of 6.00% AER with access
Leeds Building Society has launched a new 3-year fixed rate income bond, which guarantees to pay 6.00% AER until 31 May 2010 and has a minimum opening balance of only £1000.
The golden generation
People aged over 50 are collectively benefiting from an unprecedented level of personal wealth, according to research from Abbey Savings. The personal household wealth of the 50+ generation has rocketed 45.6 per cent in the past five years to in excess of five trillion pounds.
Celtic fans to benefit from new personal finance service
Celtic FC is teaming up with leading long term savings group AEGON UK to launch Celtic FC Money, a new service that will offer specialist financial advice to supporters of Celtic FC.
Clarification of HSBC's account range available for 7-17 year olds
The HSBC Right Track Account is no longer available to new customers, having been replaced in March by the simpler and more competitive 'MyMoney' account range for 7-17 year olds.
‘Have it now’ Brits opt for easy access
The rise of the ‘have-it-now’ culture is impacting on the way we save according to the latest research from Birmingham Midshires’ Saving Britain campaign. More than half of all British savers (51%) opened an instant access savings account in the past three months, whilst fewer than one in five (16%) are willing to lock their money away.
Zurich launches next in the series of Guaranteed Accounts
Zurich has launched the third in a series of Guaranteed Capital Accounts designed to give customers access to a structured product throughout 2007.
To save or not to save? That is the question
The Scots may have always had a reputation for being tight-fisted, but a new survey reveals the benefits of being so stingy.
National Savings and Investments rate changes
Investors can protect their savings against inflation with new issues of NS&I's (National Savings and Investments) Inflation-beating Savings Certificates. Following an increase in the yield on Index-linked gilts, NS&I has announced it will increase the fixed rate of interest it pays, on top of the rate of the Retail Price Index (RPI), on its inflation-beating Index-linked Savings Certificates.
Over 55s fail to make plans for retirement
Four and a half million people aged over 55 have not started making plans for retirement and a further two million have not thought about or considered the issue, according to research from Abbey Savings.
Fixed rates keep on climbing
Eight providers have increased fixed rates by up to 0.55% in the last week, these include Birmingham Midshires, Capital One Savings, Halifax, Heritable Bank, NatWest, Anglo Irsih Bank, Cumberland BS and Nottingham BS.
Online tool advises how to mature your finances
Unbiased.co.uk, the website promoting the benefits of independent financial advice, today launches a new online service that identifies consumers’ true ‘financial’ age and offers advice on how to make the most of their money – no matter how old they are.
Two great Brits unite for Chelsea
A visually stunning display of the very best in fruit, vegetables, cut flowers, herbs and plants produced by professional growers from across the UK is set to be one of the star attractions among the floral exhibitors in the Great Pavilion at this year’s RHS Chelsea Flower Show (22 – 26 May 2007).