Savings
Savings habits start young and die hard
New research from Nationwide Building Society reveals the impact saving as a child has on adults' saving behaviour. Just over half (56%) of consumers questioned saved as a child and, of those that did, 71% save regularly now.
Don't bank on the inheritance
More than 1 in 5 (22%) adults aged 26-35 years are hoping to cash in their inheritance to fund their retirement, according to research from Standard Life.
Building society savers take refuge from uncertainty
Continued economic uncertainty has seen building societies attract net receipts of £1.4 billion in July 2008, double the amount saved in July last year, as savers sought safe homes for their money.
Cheshire launches 10% fixed rate Portfolio Reserve
Cheshire Building Society has launched a new issue of its Portfolio Reserve investment product with an attractive guaranteed fixed rate of up to 10% gross/AER for 12 months.
Happy Birthday Madge & Michael
As pop legends Madonna and Michael Jackson reach their 50th birthday, they now join the 50+ generation, forming one of the most important segments of society collectively holding 91 per cent of savings and current account assets, 43 per cent of ISA assets and 33 per cent of shares.
Saving pots pave the way for home improvements
Four fifths (80%) of people who carried out home improvements in the past year financed their work either partly or entirely through their own savings, according to research from Halifax.
Savvy savers cut household expenditure
Just 8% of British savers aged between 30-60 are cutting back on investing in stocks and shares despite the credit crunch, according to research from Bestinvest.
The family coffers run dry
The rising cost of living is preventing Britons from giving their families financial help, according to Chelsea Building Society. As 78% of people cut down on their personal spending, families can no longer rely on each other for loans and financial help, and instead offer other types of support and assistance.
Good financial habits can last a lifetime
Michelle Slade, analyst at Moneyfacts.co.uk, comments: "As another new school year is about to start, there will be many teenagers who are about to move into the world of either full-time or part-time work.
Special Bonus for Holiday Savers from Skipton Building Society
Families planning ahead for next year's holiday could get a boost from Skipton Building Society. Skipton is offering £25 of free travel money to customers who open a Special Saver Account during September and save over £150 per month.
Great rate - but what's the catch?
There is now an extensive choice of headline rate instant and easy access savings accounts available but savers need to be alert to any restrictive conditions before they invest in an account.
Scarborough increases interest rate on 'Direct Extra'
Scarborough Building Society is now offering customers even better value on their savings by raising the interest rate on its Direct Extra account to 6.46% (variable) for the first year.
Yorkshire launches new Guaranteed Investment Account
On Friday 29th August, Yorkshire Building Society is launching a new Guaranteed Investment Account that will allow savers to benefit from the potential growth in the stock market over the next six years, without the risk of buying shares.
Buy now pay later - No longer preferred option
Current economic conditions have made millions of Britons re-evaluate their financial priorities, according to research from Abbey Savings.
More inflation beating products from Britannia
Britannia Building Society has added another inflation beating product to its savings range. Available from Saturday 23 August, the new Inflation Beater 2 year Bond guarantees an interest rate higher than the Rate of Inflation.