Savings
NS&I interest rate increases
NS&I (National Savings and Investments) will be increasing the interest rates on its fixed rate investments by up to 0.75% per annum on 18 June 2008.
Yorkshire Building Society wins top savings award
Yorkshire Building Society has been named 2008 Best Regular Saver Account Provider. The accolade was awarded by Moneyfacts, the independent provider of personal finance information and supplier of best buy tables to many newspapers.
Credit crunch bites richest and poorest Brits
Britain's richest and poorest households are opting to stash their cash under the mattress in the wake of the credit crunch.
Decline of yesteryear's best buy savings accounts
A review by Sainsbury's Finance of 10 best-buy savings accounts from February 2005 identified by Moneyfacts reveals that collectively they were paying an average of 5.23% interest, which was 0.48% above the Bank of England base rate at the time.
Fixed rate war hots up
Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: "Savers are one of the few groups to have benefitted from the credit crunch, with rates at some of the highest levels that we have seen in recent years.
FSCS helps credit union savers recoup their cash
The Financial Services Compensation Scheme (FSCS) has started paying compensation to 520 members of the Inner Preston Credit Union in Preston, Lancashire and 96 members of the Peterlee Credit Union in Peterlee, Durham.
The Cheshire introduces new fixed rate bond
Cheshire Building Society is launching a new two year Fixed Rate Bond offering one of the best rates in the market with up to 6.75% Gross/AER for savers looking to secure a guaranteed return over two years.
Savers can pick ‘n' fix great rates with Skipton
The Society's new fixed rate saving range includes a 1 year bond at 6.50% gross and 2 year and 3 year bonds both offering a rate of 6.70% gross. All have a monthly income option.
Competitive fixed rate bonds exceeding 7%
Commenting on the competitive fixed rate bonds available, Kevin Mountford, head of savings at price comparison site moneysupermarket.com, said: "We have seen some fantastic fixed rate bonds pop up recently, with competitive rates exceeding 7.0 per cent AER.
Yorkshire Building Society launches 7% fixed rate savings bond
On Saturday 14th June Yorkshire Building Society is launching a new two year fixed rate savings bond paying a market leading rate of 7% gross per annum (5.60% net), with a monthly interest option available for those who rely on their savings for income.
Fixed Rate Bonds: 7% rates freely available
The eagerness of banks and Building Societies to attract retail funds has resulted in a raft of fixed rate bonds offering rates of 7% or higher.
You’re past your financial best by 40
As the average Brit reaches 40 years of age they may like to think that, as the cliché goes, life begins. But financially it's not so, according to research by money website Fool.co.uk.
Brits rely on credit to fund basic household breakdowns
The old adage of having "rainy day savings" appears to be a thing of the past, with one in six people (16%) having to rely on credit to fund basic household breakdowns.
Abbey one year fixed rate bond
Sean Gardner, director of MoneyExpert.com, comments on Abbey's latest one year fixed rate bond: "The latest bond from Abbey adds further choice to an already highly competitive market with banks and building societies still fighting for a share of our savings.
Cheshire Building Society to launch two year fixed rate bond
Cheshire Building Society is launching a new two year Fixed Rate Bond on Friday 13th June offering a market-leading rate up to 6.75% Gross/AER for savers looking to secure a guaranteed return over two years.