Savings
Mansfield Building Society launches new fixed rate savings bond
The Mansfield Building Society has unveiled a new one year fixed rate savings bond. The bond has a Gross/Annual Equivalent Rate (AER) fixed at 4.75 per cent and a net rate of 3.80 per cent.
Nationwide reduces savings rates
Nationwide Building Society has announced details of its new savings and banking rates which come into effect on Monday 1 December 2008.
Zurich introduces fixed term deposit account
Zurich has launched a new Fixed Rate Deposit Account aimed at those advisers and clients looking for the certainty and security provided by a fixed return.
Savers left out in the cold
So far, rates have been cut on just 22% of variable rate savings products, with most providers opting to pass on the full 1.50% cut or more.
Rising cost of living top reason for failed life goals
More than half of 40 year olds put their dashed dreams down to rising living costs (55%) according to research from online broker Selftrade.
Half the working population not saving enough for retirement
New research, unveiled today at the ABI Savings Conference 2008, shows that the ‘need to save' message is still not getting through to the British working population.
Over 50s still saving into retirement
More than eight out of ten (83%) people over 50 say they are still saving for their retirement, according to The Savings Outlook Report from Alliance & Leicester Savings.
The Nottingham launches The Child Regular Saver
A new high interest-bearing savings account - catering for the needs of children aged 16 or under - has been launched by The Nottingham.
Co-operative Bank retail savings balances increase 40%
The Co-operative Bank has revealed that its retail savings balances grew by 40 per cent over 12 months as consumers look for trustworthy places to put their money.
Over 55s take measures to prepare for retirement
The over 55s are approaching retirement nervously, according to research from savings provider Birmingham Midshires. One in two Britons (49%) are concerned that they will not be able to maintain a comfortable lifestyle with the retirement fund they have saved to date.
Alliance & Leicester launches two new Fixed Rate Bonds
Alliance & Leicester Savings has launched two new Fixed Rate Bonds with competitive interest rates - a 6 Month Fixed Rate Bond, and a 3 Year Fixed Rate Bond with interest rates of 4.50% gross and 4.00% fixed gross pa/AER respectively.
NS&I reduces interest rates on variable rate savings
NS&I (National Savings and Investments) is reducing the interest rates on its variable rate savings offers by up to 1.50% per annum following the movement in the Bank of England base rate by 1.50%. The rates on NS&I's fixed-rate savings will remain unchanged.
Financially stretched over 25s still getting pocket money
More than a quarter of parents with children over 25 are helping them financially, with 31% of those parents still handing out ‘pocket money', according to Engage Mutual.
Skipton launches new fixed bonds
Skipton Building Society has launched new issues of its Pick ‘N' Fix bond, paying rates of up to 4.55% gross pa with a monthly income options. These rates replace any previously available, existing customers are not affected.
Savers can still get 5% - guaranteed with access!
Leeds Building Society has launched a new 6-month Fixed Rate Postal Bond paying a guaranteed return of 5.00% gross p.a. / 5.06% AER. The bond also allows unlimited access to all of the funds at any time, without notice or penalty.