Savings
Leeds pays up to 1.75% above Bank of England Base Rate
Leeds Building Society is set to launch a branch based 2-year Escalator Tracker, on Tuesday 26th August, paying an escalating return up to 1.75% above the Bank of England Base rate in the second year (currently 6.75%).
Newcastle Intermediary Services launches clean energy product
Newcastle Building Society has launched the Clean Energy Select Account exclusively for intermediaries via its dedicated intermediary service, Newcastle IS.
Family worth set to grow despite credit crunch
Britain may be teetering on the brink of recession but the value of the average British family's possessions is set to increase in the next five years, according to research by MORE TH>N insurance.
Leeds to launch Fixed Rate Bond with access
Leeds Building Society is launching a new fixed rate bond that combines a competitive return of up to 6.25% gross p.a./AER, with access to 25% of the balance without notice or penalty at any time.
Bond markets react to inflation report
With the Bank of England's Quarterly Inflation Report talking about a fall in the headline inflation rate in the medium term and a significant snap-back in the oil price, bond markets were quick to price in two, possibly three, rate cuts in the next 12 months.
Leeds sets the agenda with savings operation in Ireland
Leeds Building Society became the first UK Building Society to open a Euro deposit taking operation in Ireland on 1st July.
Battle for savers money rages
Janet Cane, savings analyst at Moneyfacts.co.uk, comments: "Many providers have realised that there is no more new money in the market and that the only way to increase their balance sheet is to tempt savers' money from their competitors.
Skipton launches new fixed bonds online
Skipton Building Society has launched new issues of its Pick ‘N' Fix bond online, paying a rate of 6.50% gross pa, and a monthly income option at 6.25% gross pa.
Standard Life’s International Bond sales approach £600 million
Standard Life International has announced that sales of its portfolio International Bond have reached £593m, with sales for the first six months of 2008 totalling £270m. This compares with sales of £284m in the whole of 2007.
Encourage the savings habit with a deposit scheme
The Government should immediately set up a national Home Deposit Savings Scheme offering substantial tax-free bonuses to help struggling first-time buyers get on the housing ladder, says David Pretty CBE, chairman of the New Homes Marketing Board.
Banks cut savings rates
Banks and building societies are cutting interest rates on instant access savings accounts despite being desperate to attract more cash from savers, says MoneyExpert.com.
Brits blow £50 billion of savings on holidays each year
Brits are blowing their hard earned savings on holidays, according to new research conducted by Abbey Savings. In fact, over one in four Brits (26 per cent) believe that the best way to spend excess money is to go on holiday, rather than save.
'Rate tarts' retire as market turmoil knocks confidence
In the current economic climate, 70 per cent of people say that they want to have their money with a bank they know and trust rather than chasing a top rate with an institution they don't know so well according to new research from Lloyds TSB.
Abbey announces Premiership Super Saver
Abbey Savings has announced that the Premiership's ‘Super Saver' in the 2007-8 season was Manchester City's Joe Hart. Research conducted by Abbey has found that the former Shrewsbury trainee was the best value for money goalkeeper in the league, costing his club a meagre £3,644 per save made from his 6ft 3in frame.
Savings feel good factor
As the world marks the first anniversary of the credit crunch, a new survey has revealed that astonishingly, many people enjoy shopping even more now than they did a year ago.