Savings
NS&I interest rate reductions
NS& I (National Savings and Investments) will be decreasing the interest rates on its fixed rate investments by up to 1.10% per annum on 2 April 2008.
Nationwide launches new bonds with increased rates for savers
Nationwide Building Society has announced that it will be launching a range of new bonds offering competitive interest rates and guaranteed returns for savers. With effect from Wednesday 2 April 2008, the following bonds will be available:
Scarborough launches new tracker savings account
Scarborough Building Society has launched a new tracker savings account offering the combined benefits of a competitive, variable starting rate and guaranteed returns for the next two years.
Multi-income option available on FRIENDS Wealth Solutions Bond
Friends Provident, the FTSE 100 life and pensions company, has added a multi-income option to its recently launched FRIENDS Wealth Solutions Bond, as part of its plans to boost its investment bond offering.
The Cheshire introduces new Fixed Rate Bonds
Cheshire Building Society has launched two new Fixed Rate Bonds offering competitive rates for savers looking to secure a guaranteed return over one or two years to suit their needs.
Expensive living costs strangle the UK's savings
The rise in day-to-day living costs is leaving people with no spare cash to put away in savings, according to a new study by the Post Office, and those that are able to save are withdrawing their money shortly after depositing it.
Leeds launch 6-Month Fixed Rate Bonds
Leeds Building Society has launched a 6-Month Fixed Rate Postal Bond paying 6.20% AER (6.11% gross per annum) on a minimum investment of only £5,000.
Investors should hold onto their bonds
Investors who switch from bonds into other types of investment product for tax advantage are likely to be no better off in most cases - and may actually be worse off in some instances - according to research by Standard Life.
Savers capitalising on the debts of others
Savers are profiting at the expense of borrowers in the now cut-throat financial landscape of Britain.
Turn off the lights and hang out the washing
As the cost of living increases, families need to be savvy to ensure they have a decent amount of money set aside to survive in an increasingly expensive world.
Raiding the savings hits family nest egg
The current market climate is driving the trend for Jekyll and Hyde savers - as Brits rotate from a nation of willing savers to raiding their nest eggs to keep up with the ever increasing cost of living.
The case for unit linked investment bonds post Budget
A key announcement in Alistair Darling’s budget speech was that the rules regarding Capital Gains Tax (CGT) for collectives will change from April 2008.
Alliance & Leicester launches new saving & investment products
Alliance & Leicester has launched a new great rate of 9.00% per annum gross (6.30% AER) on a one year Fixed Rate Savings Account, available when investing in the Balanced Savings & Investment Plan.
FSCS steps in to help credit union savers in Edgbaston
The Financial Services Compensation Scheme (FSCS) is stepping in to protect members of Rotton Park and Winson Green Credit Union Ltd.
Loyalty can pay if the account is right!
Michelle Slade,analyst at Moneyfacts.co.uk, comments: “The savings market at the moment is a hotly contested arena. The credit crunch has seen institutions upping their game and launching products offering fantastic rates.