Savings
Post Office customers cash in on Christmas Club
From Saturday (1 November), thousands of people who have been putting money away all year with the Post Office Christmas Club will be able to reap the benefits of Christmas budgeting as their club cards are unlocked for use at thousands of UK retail outlets.
20 million homes can't afford to save as recession bites
Only the richest portion of society can still afford to set aside savings, according to new research by AXA.
Sleep Easy account offers a ‘best buy’ rate
From today UK savers will be able to take advantage of the ‘best buy' rate being offered by the Sleep Easy Saver account.
First class postal savings from the Coventry
On Friday 31 October, Coventry Building Society launches the second issue of Sixty-Plus PostSave - its highly successful postal account exclusively for the over 60s.
uSwitch.com adds savings and travel insurance comparison
uSwitch.com, the independent price comparison and switching website, is expanding its range of services, with the launch of two new comparison channels - savings and travel insurance. Both channels are now live on the uSwitch.com website.
Life begins at 40?
Despite the age old saying that life begins at 40, the latest research from online broker, Selftrade, reveals that this is in fact, the most stressful stage in life for Brits – more than eight in ten forty year olds say they are currently struggling with both personal and financial problems (82%).
Bond market set to be shaken and stirred
Kevin Mountford, head of banking at moneysupermarket.com, said: "The consensus is that the Bank of England will cut base rate further over the coming months, and many savings providers are pre-empting this and pulling their top fixed rate bonds.
How safe are my savings?
Recent events in the global financial markets have shaken the confidence of savers, with many panicking about the safety of their cash deposits.
Newcastle launches Inflation Protector Investment account
Newcastle Building Society is offering savers the opportunity to protect their savings against the effects of inflation with the launch of its new Inflation Protector account.
Leeds launches Fixed Rate Bond with access
Leeds Building Society has launched a new fixed rate bond that combines a competitive return of up to 6.00% gross p.a./AER, with access to 25% of the balance without notice or penalty at any time.
Sainsbury's Internet Saver offers 5% without withdrawal penalties
Over 13 million people claim to have £165 billion worth of savings in accounts that impose penalties if withdrawals are made, according to research from Sainsbury's Finance. In addition to this, 5.86 million people claim to have money in these types of accounts but don't know how much.
Compensation on the way for Icesave customers
The more than 200,000 retail depositors with savings in Icesave UK, the topped up retail deposit business of the UK branch of Landsbanki, will get back their savings through an accelerated process, announced the Financial Services Compensation Scheme.
Zurich launches Guaranteed Account 9
Zurich Guaranteed Account 9 offers intermediaries and their clients access to potential stock market returns, whilst protecting the client's original capital investment.
Alliance & Leicester’s fixed rate bond is a sell out
Due to the high demand for Alliance & Leicester's recently launched 6.60% Fixed Rate Bond, this product will be withdrawn from sale at close of business today, 22 October 2008.
Egg launches new 1 year Fixed Rate Bond for existing customers
Egg, the online bank, is offering a new 1 Year Fixed Rate Bond at 6.00% gross pa/AER. This new Fixed Rate Bond is available for existing customers who have an Egg Savings Account for deposits between £1,000 and £2,000,000. The bond is available to applications and cleared funds received on or before the 27th November 2008.