Savings
Brits split savings into more than one investment product
Following the bailout of both HBOS and Royal Bank of Scotland and stock market volatility, research from Fairinvestment.co.uk has found that 57 per cent of Brits with savings have split them into more than one investment, minimising risk.
Leeds guarantees up to 3.50% with access
Leeds Building Society has launched a new range of fixed rate bonds for 1, 2 and 3 years that combine a competitive return of up to 3.50% gross p.a./AER with the flexibility of instant access to 25% of the balance, without notice or penalty at any time.
cahoot launches best buy fixed rate bond
cahoot has launched a new best buy two year fixed rate bond paying a highly competitive 4.01 per cent gross/AER.
NS&I changes premium bonds prize structure and variable rates
NS&I has announced that from the April prize draw onwards one of the two monthly Premium Bond jackpot prizes of £1 million will be replaced by a wider mix of prizes in the monthly draws, allowing more people to win but still retaining the chance of winning the £1 million jackpot prize.
How do you save yours?
Andy McQueen, savings and mortgages director at Nationwide, offers tips on how to get into the savings habit.
Credit crunch caution, Brits save any extra cash
Brits are taking a cautious approach to their cash during the recession, research from Fairinvestment.co.uk has found.
Where is the interest in savings?
56% of Britons are still visiting the high street to manage their savings despite the fact direct online brands offer consistently high rates in the best buy tables and what’s more, a third of Britons (33%) keep their life savings in a basic current account according to new research from HiSAVE, the online savings brand from ICICI Bank.
Fixed-rate bonds starting to rally
The market for fixed-rate bonds is starting to bounce back, with the top five products now averaging 3.89 per cent, despite the base rate only being at 0.5 per cent. The only time in the past year when the margin between the base rate and the best one and two-year bonds has been wider was in November.
Less than 4% of instant access savings accounts offer 3% gross AER
With the Bank of England base rate at 0.5%, new research from Sainsbury's Finance reveals that only 3.8% of instant/easy access savings accounts now offer a rate of 3% Gross AER or more on balances of £5,000.
NS&I's new DIY five-step, financial check
NS&I is launching a new online feature, The Five Questions, featuring Sir Alan Sugar, to encourage the British public to give their personal finances a much needed health check.
2009 Budget needs incentives for people to save
The Association of Independent Financial Advisers (AIFA) has called on the Government to use the April Budget to provide people with the incentives they need to invest in their long term financial well-being.
Offsetting is the new savings
As savings rates head for 0%, new research from uSwitch.com reveals that almost 1.9 million consumers would look to offset savings against their mortgage in a bid to secure a decent return.
Leeds offers high interest, easy access cheque account
Leeds Building Society has a straightforward, easy access cheque account that combines a great rate of interest with easy access to your money.
Cater Allen launches new fixed rate bonds
Cater Allen Private Bank this week launches two highly competitive fixed rate savings bonds offering customers a guaranteed long-term return on their savings. These new bonds pay up to 4.11% AER, depending on the level of investment made and are available from today.
Rate is king once more
With Bank of England decisions dragging down interest rates, British savers are back hunting the best rates again - rather than being obsessed with perceived security of savings.