Savings
Post Office launches new issues of highly competitive bonds
The Post Office continues to provide some of the most competitive savings rates on the market with the launch of two new issues - Growth Bonds and Online Bonds. The new issues are available to customers immediately.
Kids stash their cash and save more than their parents’ generation
Savvy youngsters are saving more than their parents’ generation did, with 94 per cent of today’s 11-16 year olds setting money aside for the future, according to new research from Santander 123 Mini.
Shawbrook leads the way with its new 2 Year Fixed Rate Bond at 2.10%
Shawbrook has launched a new 2 Year Fixed Rate Bond offering savers a rate of 2.10% AER.
Be your own Chancellor to reduce £33 billion monthly UK bill burden
Rising living costs have led to a £33 billion national price tag to run the UK’s homes. Ahead of this month’s budget, MoneySuperMarket urges bill payers to take control of their finances and fight back against spiralling essential spending.
The changing face of savings
NS&I’s latest Quarterly Savings Survey shows how Britain’s savings behaviour has changed over the last decade. Britons are now saving 7.76% of their incomes each month, (£98).
Don’t forget to spend after you’ve saved
After a lifetime of saving for their future and with rising long-term care costs, it is not surprising that many reach retirement and continue to focus on protecting their finances, instead of enjoying their money.
Alliance Trust launches campaign to educate UK savers and investors
Alliance Trust has launched a new campaign for consumers, which aims to help educate the next generation of UK savers and investors.
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.
Skipton adds to its savings range for savers wanting to lock in their money
Skipton Building Society has launched a new Fixed Rate Bond range, with rates paying up to 3.00%. The Society will also launch a new range of branch and online Fixed Rate ISAs, paying up to 3.00%.
Post Office relaunches its popular Online Bond
Post Office re-launches its popular Online Bond, with rates of up to 2.37% gross/AER fixed. These new rates are available to customers from Tuesday 7th January 2014 (available online only).
Investing in the bamboo boom
Emerald Knight, the ethical investment specialist, has delivered its second fixed annual return of between 4.55% and 6.00%, depending on the size of the initial investment, to investors in its exclusive asset-backed bamboo bond.
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.
Leeds 5 Year Fixed Rate Bond at 3% with 25% penalty free access
Leeds Building Society has unveiled a 5-Year Fixed Rate Bond at 3.00% gross p.a./ AER, which allows penalty free access of up to 25%.