Savings

Seventh time lucky for savers

Andrew Hagger of Moneynet.co.uk comments on the base rate decision announced today: The MPC decision to leave rates on hold will be welcomed by millions of battered savers, although it is a miniscule crumb of comfort when you look at savings rates on offer today compared with last October.

You can combat inflation even if the Bank of England won’t

David Kuo, Director at the financial website The Motley Fool, says: "As expected, the Bank of England has left interest rates unchanged. The decision is not a surprise given the weakness of the British economy. But it is worrying, nevertheless.

AXA launches new International Portfolio Bond

AXA has launched a new International Portfolio Bond from its offices in Dublin, marking the start of the expansion programme that was announced in 2008.

Nationwide announces new bond rates for savers

Nationwide Building Society has announced details of a new range of Fixed Rate Bonds, e-Bonds and Fixed Rate ISA Bonds, which all offer a guaranteed rate of return for savers.

Advisers consider using offshore bonds

In a recent survey six out of ten advisers (59.5%) said that they had either recommended offshore bonds over the past year, or would consider doing so in coming months.

Brits assess their emergency savings

Britons believe the average amount each person would need to ensure peace of mind to cope in an emergency is £5,368.70 - the approximate equivalent of four months' of the average person's take-home income, according to the latest NS&I (National Savings and Investments) Savings Survey.

Santander’s UK savings brands issue new Fixed Rate Bonds

Abbey, Alliance & Leicester and Bradford & Bingley have launched their latest range of fixed-term savings bonds for customers looking for a guaranteed return.

Diminishing interest rates leave 22 million UK savers confused

As the next base rate decision approaches, a new savings report from uSwitch.com has indicated that the abundance of base rate cuts over recent months has left consumers baffled as to what level of interest they are earning with their main savings provider.

Tax rules just too taxing for many British savers

Millions of British couples are paying more tax than they need to on their savings, according to research by Abbey Savings.

Compensation change would reduce stresses

Commenting on the FSA's proposal for temporarily increased FSCS cover, Kevin Mountford, head of banking at independent comparison site moneysupermarket.com, said: "Any increase in the compensation limit can only be welcome for savers and providers alike.

Fairinvestment.co.uk launches new investment service

Independent financial website, Fairinvestment.co.uk has launched a new service to help consumers make informed investment choices.

Nationwide announces new savings rates

Nationwide Building Society has announces details of its new savings rates, which come into effect on Wednesday 1 April 2009. A new Two Year Tracker ISA is also being launched paying up to 2.50% gross p.a./AER, offering savers a significant premium above the Bank of England Base Rate.