Savings

Christmas comes early for ASDA customers

More than a quarter of a million ASDA Christmas Savings Card holders woke up this morning to a bonus of £1 million to help them make the most of this Christmas. The bonus is reward for the savvy shoppers who have decided to spread the cost of Christmas.

24 savings providers cut rates

Following the announcement of an unprecedented 1.5% interest rate cut by the Bank of England, uSwitch.com reveals that 24 savings account providers have already cut rates.

FSCS pays out £0.25bn to Icesave customers

UK customers of Icesave are starting to get their money back after the Financial Services Compensation Scheme (FSCS) began making payments this week. By the end of Friday (14 November 2008) we had initiated payments to the value of some £0.25bn to UK Icesave customers.

10 ways to survive the recession with a credit union

As the recession starts to bite, many of us will be wondering how we're going to make ends meet in the run up to Christmas. ABCUL - the Association of British Credit Unions - has put together its Top Ten Tips for how a credit union can help you through these tough times.

Savings fail to rocket but show sparkle of hope for future

Nationwide Building Society's latest savings research shows that although only a quarter of consumers think they currently save enough, just over half (52%) think that they will be saving the right amount in six months time.

Income investors should look at corporate bonds, says Fidelity

As interest rates tumble to 50 year lows and UK banks suspend cash divided payments, the sources of income for investors are dwindling fast. Fidelity International argues that corporate bonds, a market currently yielding nearly 9%, provides an attractive alternative.

Brits resist the urge to raid existing savings

The amount Britons added to their savings accounts slowed in the last three months, down 34 per cent, from £516 in the three months to July 2008 to £339 in the three months to October 2008;

Skipton launches new issue of Guaranteed Bond

Skipton Building Society has launched a new issue of its Guaranteed Double Asset Bond (GDAB). The bond splits the customer's investment between cash and an index-linked bond and is available now.

Coventry BS closes the Poppy Bond

Coventry Building Society announces the closure of its highly successful Poppy Bond. Rachel Haworth, Head of Marketing at the Coventry said: "We felt that the end of Remembrance Day would be the most appropriate and poignant moment to close the Poppy Bond.

Stop being in denial about your finances urges psychologist

More than one in three people admit to having misled a partner, friend or relation about the state of their finances, and the global downturn could be encouraging more and more of us to be ‘economical' with the truth about money, according to research from AXA.

Nationwide offers sixth issue of Legal & General's GEB

With effect from today, Monday 10 November 2008, Nationwide will offer a new Legal & General (L&G) Capital Guaranteed Multi-Index Equity Bond (GEB).

Nearly 5 million men save money by staying single

The key to surviving the Credit Crunch could be to stay single as nearly half of all Britain's single men admit that the key to saving money is staying relationship-free, whilst a staggering 90% said they'd avoid romantic commitments altogether because of the downturn - that's according to research from Skipton Building Society.