Savings
AWD Chase de Vere warns of bond churn risk
Investors who are being advised to switch out of insurance bonds following the Budget tax changes could be worse off after taking tax and charges into account warns AWD Chase de Vere.
Alliance & Leicester update fixed rate bond range
Due to the unprecedented popularity of Alliance & Leicester's recently launched 6 Month Fixed Rate Bond, the product has now been withdrawn.
Halifax increases Web Saver Extra rate
Halifax today (Friday 9th May 2008) announces that it has increased the rate for its Web Saver Extra account to 6.35% gross (6.07% AER). This includes a 0.35% gross bonus until 18th July 2008.
Saving for a rainy day
Chelsea Building Society has announced the launch of Rainy Day Savings (3rd Issue) from Thursday 8 May 2008.
Post Office launches new growth bonds
The Post Office has announced it is launching a range of new Growth Bonds offering one, three and five year fixed terms, available from Monday 12 May.
Bradford & Bingley launches new notice accounts
Bradford & Bingley is bucking the current trend for instant access accounts and fixed rate bonds in the savings market with the launch of two market-leading notice accounts, paying up to 6.30% AER and ideal for savers who want to keep their savings at arms' length but retain the flexibility to access their money if they need to.
New Saga online top 5 tracker account
Saga Personal Finance has announced the launch of a new online saving account guarantee that offers savers the reassurance that the rate on their savings will not be more than 0.25% AER below the average of the top 5 variable internet accounts, currently 6.25% Gross (6.43% AER).
Cahoot updates rates on savings accounts
Cahoot will be changing its savings rate on its standard savings account on 8 May 2008, following April's cut in the Bank of England Base rate by 0.25 per cent to 5.00 per cent.
The Hartford enhances investment bond offering
Hartford Gold continues to deliver further peace of mind and investment choice to customers with two new asset classes and seven new funds.
Sainsbury's internet saver
Sainsbury's internet saver is the only instant access account to consistently offer above base rate interest on balances of £1 or more for the last three years.
Leeds launches new Postal Tracker savings account
Leeds Building Society has launched a new Postal Tracker savings account, which is guaranteed to track the Bank of England Base Rate plus 1.50% until 1st December 2008. Therefore, the account currently pays a great rate of 6.60% AER (6.50% gross).
Prepare for job losses
David Kuo, Head of Personal Finance at Fool.co.uk, says: "Consumers should not dismiss the 4% rise in company insolvencies as a blip. 3,210 companies went bust between January and March this year, taking the twelve-month running total to over 12,500 businesses.
Abbey issues new fixed rate one year bond
Abbey Savings launches 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.
Alliance & Leicester improves eSaver
eSaver, launched in November 2007, has maintained the same rate of interest despite three base rate reductions.
Newcastle launches 5 year guaranteed return account
Newcastle Building Society has announced the launch of its new 5 year Guaranteed Return Account designed to provide investors with the opportunity to invest risk free and achieve a return based on the performance of the FTSE 100 over the next 5 years.