Savings
Over a million building society savings accounts opened in 2008
Over a million new building society accounts (net of closures) were opened in 2008, building societies reported today.
Skipton increases online savings rates
In a market of falling savings rates, Skipton Building Society is swimming against the tide as it increases returns on its range of online accounts.
Nationwide announces new savings rates
Nationwide Building Society has announced details of its new savings rates, which come into effect on Sunday 1 March 2009.
‘Saving sap' generation push 2 million parents into debt
Despite the economic down turn, adult children are continuing to ‘sap' their parents' savings and investments, according to new research from Scottish Widows.
Principality launch new regular saver bond
Principality Building Society, Wales’ biggest building society, is celebrating St David’s Day with the launch of a new regular saver bond that offers 4.50% AER, fixed for a year. Savers need to make a regular monthly investment, which can be as little as £20 or as much as £500.
Plant the seed of savings with your soft fruit this spring
Gardeners are reaping the financial benefits of growing their own fruit and vegetables, according to research by NS&I. Seventy eight per cent of those who grow their own said that people should consider nurturing their own home-grown produce as a way to save cash.
Save for Christmas with Chelsea
Chelsea Building Society has launched its new Christmas Saver account. The account has been specifically designed to help people save for Christmas.
Brits burying their heads in the sand when it comes to savings
Despite the assumption that the nation is now placing more scrutiny than ever on its finances, a new study by leading internet bank Egg has revealed that the vast majority of savers (69 per cent) have not been looking for competitive deals by moving providers or spreading their cash into different accounts in the past six months -
Choice of savings account is costing British families millions
New figures from HiSAVE – the online savings brand from ICICI Bank – reveal that Britons plan to borrow more than they save and invest this month – and the majority of those that are saving money have little idea if they are getting a good rate (53%) or whether their hard earned money is in the right place.
The name is Bond, Corporate Bond
Historically high levels of investment grade corporate credit spreads are boosting the yield from corporate bond funds to a recession-beating range of 5 per cent to 8 per cent, according to wealth manager HFM Columbus.
Abbey and Alliance & Leicester new 2 year fixed rate bond
Abbey and Alliance & Leicester Savings are launching a new 2 Year Fixed Rate Bond with a great interest rate of 4.01% fixed gross pa/AER - the best rate available in the market for a product of this type.
Nationwide launches new bonds for savers
Nationwide Building Society has announced details of a new range of fixed rate bonds, e-Bonds and fixed rate ISA bonds, which will all offer a guaranteed rate of return for savers.
Donny Rovers Saver cheque presentation
Leeds Building Society was delighted to present Doncaster Rovers with a cheque for £8,300 at their home match with Sheffield Wednesday on 14th February at the Keepmoat Stadium.
NS&I reduces rates on most variable savings offers
NS&I (National Savings and Investments) is reducing the interest rates on most of its variable rate savings offers by up to 0.75% per annum, following movements in the Bank of England base rate. Revised interest rates will come into effect from 19 February 2009.
Savers offered glimmer of hope
Frozen money markets in the first two thirds of 2008 resulted in savers being offered increasing rates on fixed rate bonds.