Savings

Alliance & Leicester launches double savings offering for over 50s

Alliance & Leicester launches two new savings products specifically designed for the over 50s. The first, the new Premier 50 Fixed Rate Bond, pays 7.50% gross pa/AER and is available for a limited time only.

HSBC UK staff gain £30 million from Sharesave schemes

Over 16,000 HSBC members of staff exercised their maturing Sharesave (SAYE) plans, and stand to make over £30 million in capital gains based on a market price of £8.37.

Going the distance

When it comes to assessing their health and wealth, Brits are working out their wallets more than their bodies.

Gold takes silver in price performance Olympics

With just 8 days to go, athletes at this summers' Olympiad in Beijing will be aiming for gold but investors could be better off with silver, according to research by Skipton Building Society.

Kaupthing Edge raises rate on easy access savings account

Commenting on Kaupthing Edge raising the rate on its easy access savings account to a market-leading 6.55 per cent, Kevin Mountford, head of savings at moneysupermarket.com, said: "Once again, we see a foreign bank flexing its muscles in the savings arena.

Abbey issues fixed rate one year bond paying up to 6.75%

Abbey Savings launches on Monday (4 August 2008) its latest one-year savings account for customers looking for a guaranteed return on an amount of money they can lock away for one year.

Parents hope kids choose life skills over money

Almost nine in ten parents (86%) hope that their children will become well rounded individuals who are motivated by more than just money; and place importance on education as an enabler (84%), according to new research from Skandia, the long-term investment provider.

Record half year savings for societies

Building societies' excellent performance in the savings market for the first half of 2008 saw them achieving record savings inflows of £6,296 million compared to just £3,862 million in the first six months of 2007.

New parents urged to produce a generation of savers

Making regular savings – no matter how small – is essential if parents are serious about helping their children weather the storm of a future credit crunch, says finance comparison site Moneynet.co.uk.

Are rate guarantees worth the paper they are written on?

Joanna O'Brien, savings analyst at Moneyfacts.co.uk, comments: "As institutions continue to try and out do each other in what has become a very competitive savings market in recent months, investors need to make sure they read the small print carefully.

Savers could sprint to more than £2,500 by London 2012

With the Beijing Olympics just over a week away (8th to 24th August) sportsmen and women around the world will no doubt be looking forward to reaping the benefits of their disciplined training schedules.

ICICI one year fixed rate bond

Commenting on the new ICICI one year fixed rate bond at 7.2 per cent, Kevin Mountford, head of savings at moneysupermarket.com, said: "ICICI have really put the cat amongst the pigeons by offering this fantastic rate for savers who are willing to lock up their cash for a year - especially as it is a standalone offering.