Savings
Barclays Wealth to launch into fixed income bond market
Barclays Wealth, the UK's leading supplier of protected investments, is to launch a regular fixed income bond following the successful trial of a five-year product which hit its target of £15m through a focused placing.
Good news for savers
Following the decision by the Bank of England's Monetary Policy Committee to reduce rates by 1.5 percentage points to 3%, Leeds Building Society has launched two new fixed rate bonds which provide the option to lock in at up to 1% above the Bank of England base rate.
Close Brothers’ Close Treasury Premium Gold Account
Sean Gardner, MoneyExpert.com, said: "This account looks good on paper. If you've got £10,000 or more then seven per cent is an attractive rate and difficult to beat at the moment. The average rate on fixed term accounts is 5.25 per cent so it's a competitive option.
Poppy Bond strikes the right balance with savers
Coventry Building Society's innovative Poppy Bond has become the fastest selling savings bond in the Society's history.
High yield bonds now an opportunity for adventurous investors
The European high yield bond market now represents an opportunity for adventurous investors, according to Fidelity International's Ian Spreadbury. The market is now yielding 22.7% and spreads of 18.5% above government bonds are well in excess of the 10% technical definition of distressed debt.
5 million Brits believe they're on course to becoming a millionaire
Hope springs eternal for millions of Brits who, despite the current economic turmoil, still believe that one day they'll achieve millionaire status. Indeed, latest research from Cater Allen Private Bank, finds that an ambitious 5.4 million Britons expect to reach the millionaire landmark in their lifetime.
Abbey launches First Home Saver account
Abbey is launching the innovative First Home Saver (Special Issue 1) account aimed exclusively at helping first time buyers save up a deposit for their first home. The First Home Saver (Special Issue 1) offers a market leading eight per cent AER for first time buyers aged between 16 and 35 saving for a home.
Alliance & Leicester reviews savings rates
Martin Leake, Manager for Savings at Alliance & Leicester said: "We offer a number of savings accounts, which will continue to pay above the Bank of England Base Rate, including eSaver (6.30% AER) for long term savings and Online Tracker (6.00%) for instant access without any penalties, as well as Easy ISA (5.50%) for tax free savings.
Many Landsbanki savers still facing massive losses
Over 2,000 mostly British savers are staring financial disaster in the face as they fail to benefit from the Government’s Landsbanki rescue package, says the Landsbanki Depositers Action Group.
Kids can't rely on pocket money
Children rely on income from other sources in addition to pocket money received from their parents, according to research from the Halifax.
Savers head for safe havens and good value for money products
Leeds Building Society has seen healthy savings inflows throughout the year, with September and October further strong performances.
moneysupermarket.com: Coventry Building Society Poppy Bond
Commenting on the launch of the Coventry Building Societies' Poppy Bond, Kevin Mountford, head of banking at moneysupermarket.com, said: "Generally affinity savings accounts, particularly charity related ones, come in for criticism.
Help the Coventry help the Poppy Appeal
Coventry Building Society is delighted to announce the launch of the Poppy Bond, a first of its kind fixed rate savings bond that will deliver a significant charitable donation.
Start saving now for Christmas 2009
Skipton Building Society has announced the launch of a new issue of its Christmas Saver Account on 3 November 2008.
FSCS confirms 2.3 million SAYE savings accounts are protected
ifs ProShare, which acts as the voice of the employee share ownership industry in the UK, has welcomed the fact that over 2 million participants in Save As You Earn (SAYE) share plans are to have their savings protected by the Financial Services Compensation Scheme (FSCS).