Savings
Average saver needs to top up savings
More than one-in-three savers need to increase the amount of money they're putting aside each month to take into account inflation, according to research from Abbey Savings.
Britain bracing itself for a recession
A recent survey by Close Investments reveals that Britain is bracing itself for a recession. Over half of the 2,381 UK adults surveyed are concerned that a UK recession is coming, with Londoners and people in the South East the most concerned (57%).
The Hartford launches International Investment Bond
Hartford Life Limited has announced that it is launching Hartford Diamond, an international investment bond that is available with The Hartford's unique guarantees - Hartford SafetyNet and Hartford SafetyNet for Life.
The Nottingham launches Sleep Easy Saver account
A new account for savers keen to benefit from an attractive rate of interest and capitalise on a loyalty bonus, has been launched by The Nottingham - one of the UK's leading regional building societies.
Enjoy a cracking Christmas with ASDA's savings scheme
With Christmas just 12 weeks away and the Credit Crunch showing no signs of relenting, families everywhere are feeling the pinch, and undoubtedly many are worrying how they will pay for Christmas.
Corporate bonds showing good value, says Fidelity
Yields on sterling corporate bonds are now breaching 8% and are attractive compared to history, says Fidelity International's Ian Spreadbury, manager of FIF MoneyBuilder Income Fund.
Newcastle launches 6.45% Seven Month Fixed Rate Options Bond
Newcastle Building Society has announced the launch of a new Fixed Rate Bond, with a rate of 6.45% AER (6.35% Gross) on a minimum investment of £1,000. The bond may be operated via branches, post, telephone and online. It is available now with a maturity date of 11 May 2009.
Beware the temporary bonus
As providers compete for saver's cash, more and more tempting bonuses are being added to easy access accounts to create temporary table topping rates.
Leeds guarantees real return above soaring inflation
As the rate of inflation soars to a 16-year high and base rate falls below the rate of inflation for the first time since 1981, savers may begin to suffer from a negative real return.
Cater Allen savings are 100 per cent guaranteed by Abbey
Following enquiries and media commentary about the guarantees on savings, Cater Allen Private Bank would like to clarify its position.
Brits think the Government does not encourage them to save
Just under a fifth (19%) of consumers think the Government encourages them to put money aside while 41% think the Government discourages them, according to research from Nationwide Building Society.
Desperate Brits ditch pensions and insurance to save cash
Almost half of Brits (42%) have cancelled insurance or pension contributions in a bid to cut household expenditure and ease financial pressure, according to research from uSwitch.com.
Inflation eats into savings
The latest Consumer Prices Index (CPI) announcement reveals that inflation is currently running at 5.2%. This means that a basic rate taxpayer needs a gross return of 6.50% merely to keep pace with inflation.
Inflation wipes out savings interest
Michelle Slade, analyst at Moneyfacts.co.uk, comments: "A combination of inflation at 5.2% and tax means that savers will now find it near impossible to earn interest on their money.
Alliance & Leicester launches Fixed Rate Bond at 6.60%
Alliance & Leicester Savings has launched a new, limited edition 1 Year Fixed Rate Bond with a great interest rate of 6.60% fixed gross pa/AER.