Savings
Savers receive welcome boost as rates bounce back
Savers may finally be able to see the light at the end of the tunnel after a string of providers have this week increased rates or launched new accounts paying competitive rates.
Simple and straightforward Regular Saver for all
Leeds Building Society's Regular Saver allows customers to benefit from a fantastic rate of 3.05% gross p.a./AER, which is currently over six times higher than Bank Base Rate, by investing as little as £20 per month and up to a maximum of £500.
No appreciation for elderly savers
Savings rates are still in freefall with the average no notice rate currently at 0.64%, just above bank base rate.
Savers - watch out for restrictions
21% of instant and easy access accounts limit the number of withdrawals permitted and this percentage increases to 24% in respect of the 100 instant and easy access savings accounts that pay the highest interest rates on a £1,000 balance.
Darling mustn’t ignore the plight of elderly savers
Even though CPI has fallen from 3.2% in February to 2.9% in March, savers will still find it a challenge to find an account where they can preserve the spending power of their nest egg.
New Guaranteed Equity Bond from NS&I
NS&I (National Savings and Investments) is to launch a new issue of its Guaranteed Equity Bond (GEB) on 21 April 2009. This will offer a gross return that matches any growth in the FTSE 100 index over a 5-year term, up to a maximum of 35%, without any risk to investors' capital.
Principality crowned one of UK's most consistent savings providers
Principality Building Society has been named as one of the UK's most consistent savings providers in a national survey charting rates over the last three years.
Savers prepared to fix should sign up for the 4% club
Savers who are happy to lock their savings into a two or three year fixed rate savings bond should accept nothing less than being a member of the ‘four per cent' club according to Cater Allen Private Bank.
Savers invest in antiques
The first quarter of 2009 saw a dramatic change in fortune for the arts and antiques market as buyers re-entered the market looking for alternative investment opportunities, says the latest RICS Arts and Antiques Survey.
Brits abandon saving in favour of debt repayment
Research from Unbiased.co.uk, the professional advice website, reveals the extent of UK consumers' flight from saving to debt repayment during 2008.
How the credit crunch has affected the UK's savings
Following the unexpected collapse of a number of financial institutions and the consistent tumble of interest rates, Fairinvestment.co.uk takes a look at the saving habits of the UK, and how they have changed since the onset of the credit crunch.
Make this a savers' Budget
TISA - Tax Incentivised Savings Association - is urging the Chancellor to take the first steps towards creating a National Savings Strategy in next week's Budget.
Bonus rates give savers the biggest bang for their buck
Attractive introductory rates are in vogue in the UK savings market with many of the top accounts including short term bonuses.
Building societies retain consistency crown
Building societies once again reign supreme, taking 77% of the top spots in the Moneyfacts consistency survey.
Nationwide offers ninth issue of Legal & General's Capital GEB
With effect from Monday 20 April 2009 Nationwide is offering a new Legal & General (L&G) Capital Guaranteed Multi-Index Equity Bond (GEB).