Savings News
It’s time to start paying for Christmas…. 2007!
Just finished off the turkey and mince pies? Then now’s the time to start thinking about how to pay for Christmas … next year.
Nearly two million retirees have no plans to pay for long-term care
New research from Fidelity International suggests that the equivalent of nearly two million people aged 55-75 who have spare money have no plans to allocate any to pay for long term care.
Winter bills may spell trouble for young Brits
With winter on our doorstep, the latest research from Birmingham Midshires’ Saving Britain campaign reveals that under-thirties may struggle to pay the higher bills that go hand-in-hand with the dark and chilly nights of the festive season.
Kids set for Christmas shopping spree
Many children have built up a good nest egg for this years' Christmas shopping. Three in five children save more than they spend and a quarter (25%) save more than £5 per week, according to new research from Halifax.
Britannia scores with Tottenham
Britannia is expanding its extensive range of popular football products with Tottenham Hotspur mortgages and savings accounts.
National Savings and Investment
Siemens Business Services (SBS) has formally requested permission from NS& I to outsource a further 200-240 roles on the NS& I contract to Siemens’ subsidiary in India.
Never too old or young to save
Rachel Thrussell, Head of savings at moneyfacts.co.uk comments: “Amongst all commotion of saving rate rises following the November base rate increase, a pattern has emerged with providers rewarding their young or older savers with some of the better deals.
No visa required to access best savings rates
In a time that has recently seen another Premiership football club fall into foreign hands and the London Stock Exchange subject to a foreign take-over moneysupermarket.com has observed that foreign banks are causing a quiet revolution in the UK savings market.
Abbey new savings rates come in on 1 December
On 16 November, Abbey announced that all its savings rates would increase following the Bank of England's base rate rise from 4.75% to 5.00%.
Don’t be caught out by withdrawal fees
Rachel Thrussell Head of Savings at moneyfacts.co.uk comments: “Once the dust has settled from the November base rate increase, it will be a great time to shop around for a new savings account. But don’t be caught out by complex terms and conditions.
The name's Bond...One-Year Bond!
With everyone talking about the new blonde Bond, Britannia Building Society has launched a striking new Bond of its own.
Alliance & Leicester reviews savings rates
Alliance & Leicester has reviewed its savings portfolio and the new rates, which are effective from 2 December.
Nationwide increases savings rates
Nationwide Building Society has today announced that it will increase its savings rates from Friday 1 December 2006 to coincide with the increase in its Base Mortgage Rate.
More people saving for retirement
The overall index score from the Standard Life Savings & Investment Index has increased from 11 points when the Index started in July 2005 to 23 in October 2006.
Skipton increases savings rate
Following the recent announcement of an increase in the Bank of England’s base rate, the vast majority of Skipton’s investors will see their interest rates increase by 0.25%, with the average increase across all variable rate accounts – both open and closed issues – being just over 0.24%. Both rate changes will take effect over the first weekend in December.