Savings
Saga calls on Darling to reduce tax on savings
Saga Personal Finance, the over 50s financial expert, today calls on Alistair Darling to include measures in the 2009 Budget to help savers, particularly pensioners, who are the innocent victims of the credit crunch.
As the snow falls savings rates follow suit
The falling base rate continues to punish savers as February brings another plethora of rate cuts, just days before the Monetary Policy Committee (MPC) meeting.
Abbey issues new fixed rate bonds & Super Saver
Abbey Savings this week launches its latest tranche of fixed-term savings accounts including its' new issue Super Saver, a 12-month fixed rate account when customers put the same amount or more into an Abbey investment product, including the capital guaranteed range.
New 50+ saving account from Yorkshire Building Society
Yorkshire Building Society is this week launching a new savings account for older savers. Advantage 50+ Saver, which has a minimum balance of £5,000, offers instant access on all withdrawals and pays interest up to 2.75% Gross/AER.
Natwest & RBS launch new accounts for more mature savers
NatWest and RBS have introduced two new competitive accounts for the more mature saver, both offering attractive interest rates at least 1.25% above current base rate.
Introductory bonus - friend or foe?
An increasing number of savings accounts are offering introductory bonuses in order to get into best buy tables and attract retail funds.
HSBC launches new High Interest Deposit Bonds for Over 60s
HSBC is launching two market leading High Interest Deposit Bonds for the over 60s. The bank is offering 3.5% gross/AER on a three year High Interest Deposit Bond offer or 3.75% gross/AER on a 5 year bond.
YBS to offer ‘no risk’ guaranteed growth and income accounts
In the current volatile market many savers are looking to increase their returns. They are not, however, prepared to risk their capital by playing the stock market.
A quarter of a million searches online for lost accounts
The lost account tracing website, mylostaccount.org.uk, celebrates its first birthday this week (30 January) after a successful year. Since its launch, almost a quarter of a million people initiated online traces for possible forgotten funds.
First time buyers accelerate deposit savings
Almost two fifths of prospective first time buyers are increasing the rate at which they save towards a deposit in 2009, according to new research from Abbey Savings.
One in three savings accounts offer 0.5% or less
As the UK officially enters a recession, it seems consumers are battening down the hatches and saving as much as possible with bank deposits increasing by £4 billion at the end of 2008.
Find a savings account with a consistently good rate
With each base rate cut, savings providers are cutting rates by different amounts on each accounts. As a result it is hard for savers to know where to move their money to get the best deal.
Increasing SAYE saving limits would help low earners
During a parliamentary debate on saving earlier this week, Financial Secretary to the Treasury Ian Pearson MP confirmed that a third of the 2 million employees who are saving in an Save As You Earn (SAYE) employee share plan earn less than £21,000.
Benefits of saving continuing to fall
Nearly three-quarters of consumers feel that the benefits of saving have fallen over the last year, according to research by the ABI (Association of British Insurers).
The £194,000 price tag of raising a child
The annual survey from insurance and investment group LV= on the Cost of a Child, now in its sixth year, shows that parents could spend £193,772 on raising a child from birth to the age of 21. This is equivalent to £9,227 a year, £769 a month or £25 a day.