Savings
Make the most of high interest rate savings accounts
Fairinvestment.co.uk addresses the savings dilemma currently hitting the UK: Recent turmoil in the financial sector has overthrown the whole investment and savings market as we have known it for the last two decades.
Tesco increases interest rate on Internet Saver account
From October 2, Tesco is increasing the interest rate on its Internet Saver account to 6.50%*. This will make the account one of the most competitive in the market. Also, unlike some other providers, Tesco savings customers can make as many penalty-free withdrawals as they like.
Increasing savings compensation will help provide confidence
Director at Fairinvestment.co.uk, James Caldwell comments on Gordon Brown's announcement that the savings compensation limit will be raised from £35,000 to £50,000.
Lloyds TSB bolsters savings range
In response to demand for its savings products, Lloyds TSB has launched two new savings accounts, each offering customers the opportunity to earn up to 6.00 per cent interest on their savings.
Darling must safeguard UK banking system now
David Kuo, Head of Personal Finance at money website Fool.co.uk, says: "The Irish government has done the right thing to stand behind its financial institutions. Under the terms of the guarantee, savers and bond holders will be fully protected.
Standard Life launches campaign to return unclaimed shares and cash
This week Standard Life will launch its biggest ever campaign to track down around 200,000 people across the globe who are entitled to a slice of over £184 million in unclaimed shares and cash.
Darling must reassure savers
David Kuo, Head of Personal Finance at money website Fool.co.uk, says: "It is encouraging that the UK government has learnt from past mistakes. Its timely intervention at Bradford & Bingley has averted another potentially embarrassing run on a British bank.
Abbey scoops Moneyfacts "Best Structured Provider" award
Abbey has again been named "Best Structured Product Provider" at the 2008 Moneyfacts Investment Life and Pensions Awards, held in London on 26 September 2008.
Retirement confidence hits new low
With the impact of the credit crunch biting into nearly all areas of day-to-day life, it seems the latest victim to feel the crunch is Britain's confidence about being able to provide for a comfortable retirement.
A&L launches one year fixed rate bond paying 6.50%
Alliance & Leicester has launched a new fixed rate bond paying 6.50% gross on lump sum investments between £1,000 and £10,000, which replaces the Premier Regular Saver.
New Internet fixed-rate savings account from AA Savings
AA Savings has launched a new Internet 1 Year Fixed Rate Savings Account, offering a top market interest rate of 7.21% gross/AER.
Parents feeling the pinch
British parents are going into debt and making significant personal sacrifices because they don't want their children to miss out, according to the latest NS&I (National Savings and Investments) Quarterly Savings Survey.
Coventry's 50 Plus eSave remains fixed at 6.25%
Coventry Building Society, the fourth largest building society in the UK, has launched a new issue of its best buy 50 Plus eSave account.
Savings market hots up
Commenting on significant savings developments from RBS, A&L and Anglo Irish Bank, Kevin Mountford, head of banking at moneysupermarket.com, said: "They say every cloud has a silver lining and out of the chaos of last week comes excellent news for savers.
15 years for first time buyers to save a 15% mortgage deposit
As lending criteria's tighten and first time buyers struggle to get their foot on the property ladder, Fairinvestment.co.uk research has found that it could take as long as 15 years for a first time buyer to save a deposit of 15 per cent.