Savings
Inflation proof your savings
The cost of living crisis gripping the UK means taxpayers earning less than 5.4 per cent on their taxable savings are losing money.
moneysupermarket.com: B&B's new savings accounts
Commenting on the launch of Bradford & Bingley's new ‘rate for life' savings accounts, Kevin Mountford, head of savings at price comparison site moneysupermarket.com, said: "Whilst a rate for life will appeal to some savers who aren't inclined to shop around regularly for the best rates, it really does depend on what that rate is.
MoneyExpert comment on B&B's Rate for Life account
Sean Gardner, director at MoneyExpert.com, said: "When it comes to financial products, whether it's our mortgage, pension or investments it's clear most of us like security, we want to be clear about what we're going to get out at the end and B&B's latest offer caters to this - up to a point.
Abbey launches new Guaranteed Growth Plan
Abbey launches the latest in its range of guaranteed investment products linked to the FTSE 100 and designed to give investors access to the stockmarket with the security of a capital guarantee.
Abbey launches new Guaranteed Capital Plus product
Abbey launches the latest tranche of its range of guaranteed investment products linked to the FTSE 100 with the security of a capital guarantee.
Egg launches new FTSE Guaranteed Equity Bond
Egg, the Citi owned UK online bank, is launching a new three-year Guaranteed Equity Bond paying a 26% return (equivalent to 8.01% AER) in the event of ANY growth in FTSE 100 over the next three years, with no risk of losing capital invested if the bond is held for the full investment term.
Bradford & Bingley launches Rate for Life account
Bradford & Bingley launches three new innovative savings products that guarantee to match the Bank of England's Base Rate plus 0.25% p.a. for life.
Newcastle launches 7% Fixed Rate Option Bond
Newcastle Building Society announced the launch of its new Option Bond, with a fixed rate of 7% Gross/AER on a minimum investment of £500.
Skipton's Summer Bond extended
Skipton Building Society has extended the availability of its limited edition Summer Bond. The bond offers an interest rate of 6.70% gross.
Inflation linked savings
Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: "The Monetary Policy Committee (MPC) is currently trying to balance the scales between inflation and base rate.
Prinicipality launches new fixed rate savings bonds
Commenting on Principality Building Society's new two and three-year fixed-rate bonds for those aged 50 and over, Kevin Mountford, head of savings at price comparison site moneysupermarket.com, said:
Savers the clear winners
We've all seen the best buy tables but what's happened to the consumer who takes out the ‘average' product?
Cater Allen exceeds £6 billion deposits
Cater Allen's deposits have exceeded £6 billion for the first time since it was founded in 1816 in Blackburn.
Half the population have never sought financial advice
New research by Zurich has revealed that 57% of the UK population aged 18 and over has never sought advice from a financial adviser. The research was undertaken to understand how UK consumers are planning for their financial futures.
Savers are feeling the pinch
Consumers are not saving as much as they want to, according to latest figures from Nationwide Building Society's savings barometer.