Savings
Brits raid savings to cover spiralling costs
As the economic downturn deepens, Britons are having to raid larger amounts of money from their existing savings to cope with the rising cost of living according to new research from Birmingham Midshires.
Beat inflation with Leeds Building Society's Inflation Buster Accounts
Leeds Building Society's Inflation Buster Bond and ISA, which are guaranteed to beat rising inflation by 2.25%, are proving very appealing to both basic and higher rate taxpayers.
Windfall Brits escape credit crunch
At a time when skyrocketing household prices are forcing many Britons to cut back on their spending, new research from ICICI Bank reveals that not everyone is seeing red with the credit crunch.
Abbey Super Monthly Saver beats inflation
With news out today that RPI has hit new heights at five per cent savers have to think outside the box in order to make any real return (when taking in to account tax and inflation).
Inflation eroding savings
Michelle Slade, analyst at Moneyfacts.co.uk, comments: "With latest figures showing that UK inflation has jumped to 4.4%, more than double the Government's 2% target, many consumers may not realise what a negative effect this is having on their savings.
Single mums plan ‘a life less ordinary’ for children
Almost eight in ten (77%) single mums who are unable to gain credit are more concerned with saving money for their children’s future than getting out of debt themselves (28%) according to new research from BrightHouse Stores.
Abbey issues new savings bonds
Abbey Savings will launch on 13 August its latest tranche of fixed-term savings accounts for customers looking for a guaranteed return on an amount of money they can lock away for a set time.
A fifth of consumers do not save
In July, just a third (33%) of consumers thought that saving was very important, according to research by the Nationwide Building Society. Although a little higher than last month, this is significantly below the results seen in April and May where nearly half (46% and 49% respectively) of consumers thought saving was very important.
Nationwide launches new range of savings bonds
Nationwide Building Society has today announced details of its new range of bonds including a six-month Fixed Rate Bond, all offering guaranteed returns for savers.
Leeds launches fixed rate postal bond paying 6.85%
Leeds Building Society is set to launch new 1-year year fixed rate postal bond paying a highly competitive 6.85% gross p.a. / AER.
Affinity savings accounts keep struggling football clubs afloat
A number of football league clubs will run out onto the pitch to start the new season this year thanks to the financial support of their loyal fans via affinity savings accounts, says Andrew Hagger of personal finance comparison site Moneynet.co.uk.
One year on from the crunch savers 0.6% better off
One year on from the unofficial birthday of the "credit crunch", 9 August, analysis of the savings market by cahoot has discovered that rates offered on savings accounts have increased by a substantial 0.6 per cent across the market.
Unique return on savings guaranteed to beat rising inflation
Leeds Building Society has launched new versions of its Inflation Buster ISA and Bond, which have proved very popular with customers looking for a real return on their savings.
Halifax offer lifeline to first time buyers
Leading housebuilder, Persimmon Homes, and the UK's largest mortgage lender, Halifax, have teamed up to offer first time buyers a helping hand with a brand new initiative.
Plan ahead and spread the cost
Britannia Building Society has launched a brand new online and telephone savings account - DirectSaver Reserve with a rate of 6.25% gross.