Savings

Skipton launches new fixed bonds online

Skipton Building Society has launched new issues of its Pick ‘N' Fix bond online, paying a rate of 6.75% gross pa, and a monthly income option at 6.50% gross pa.

ABI calls for Chancellor to promote saving and stability

With the economy in choppy waters, the Government should promote financial security and the level of savings as well as help UK businesses says the ABI in a new report.

Coventry launches new fixed rate savings bond

Coventry Building Society is launching a new fixed rate savings bond on Friday 25 July.

Savers unaware of real effects of inflation and tax

British savers still suffer from a lack of knowledge about the effects of inflation and tax on their savings when choosing the right nest egg for their money, despite wide coverage of the credit crunch and its implications, according to research from NS&I (National Savings and Investments), the government-backed savings and investments organisation.

Skipton launches new issue of Pick ‘N' Fix bonds

Skipton Building Society is launching a new issue of its range of Pick ‘N' Fix bonds. Its new fixed rate savings products, which launch on Monday 21 July, include a 1 year, 2 year and 3 year bond, each with a rate of 6.75% gross pa, and a monthly income option at 6.50% gross pa.

Nationwide offers fourth issue of L&G's GEB

With effect from today, Monday 21 July 2008, Nationwide will offer a new Legal & General (L&G) Capital Guaranteed Multi-Index Equity Bond (GEB).

Savings rates falling

Commenting on the immediate withdrawal of Birmingham Midshires' 7.17 per cent AER and Bank of Cyprus' 7.15 per cent AER one year fixed-rate bonds, Kevin Mountford, head of savings at price comparison site moneysupermarket.com, said: "It had to happen sooner or later and it looks like things may have gone ‘pop' for fixed rate bonds.

University challenged

The Association of Investment Companies' (AIC) annual survey into attitudes towards university debt reveals that over three quarters (78%) of parents believe that the credit crunch will make it harder to support their child financially through university.

Fixed rate bond pays up to 7%

Leeds Building Society has launched a 2-year fixed rate Escalator Bond paying a rising return of 7.00% in year 2.

More good news for savers

Michelle Slade, analyst at Moneyfacts.co.uk, comments: "Amongst the negative stories that have come out in recent months, there is one aspect of personal finance which continues to flourish.

Legal & General introduces new Portfolio Bond

In the complicated world of investment not all customers are the same and one size certainly does not fit all! People have different investment needs, expectations and attitudes to risk, which is why Legal & General is launching an improved onshore investment bond - the new Portfolio Bond.

Inflation erodes returns on savings

The latest Retail Prices Index reveals that inflation is currently running at 4.6%. This means that higher rate taxpayers need to get a gross return of 7.67% merely to keep pace with inflation. For basic rate taxpayers the return required is a rather more attainable 5.75%.