Savings
No guarantee in a rate guarantee
Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: “While the lending markets may still be sitting under a cloud as a result of the credit crunch, there has been a far sunnier outlook for savers over the past few weeks.
Leeds Inflation Buster Bond is highly rated
Leeds Building Society’s new Inflation Buster Bond, which has proved extremely popular with customers looking for a real return from their savings, is also highly rated by leading independent financial comparison site, Moneyfacts.co.uk.
Government must not risk distorting the savings market
Commenting on today’s announcement from the Government that it is to consult the financial services industry over increasing the guarantee for deposits held in bank accounts, the ABI’s Director General, Stephen Haddrill, said:
Moneyfacts.co.uk names the most consistent savings accounts
Andrew Hagger, Head of news and press at Moneyfacts.co.uk comments: “Many people don’t have the time or inclination to switch their savings from one best buy account to another, even though new institutions and accounts continually appear.
ABCUL welcomes Saving Gateway commitment
ABCUL – the Association of British Credit Unions – has welcomed the Government’s decision to take forward the roll out of the Saving Gateway and its commitment to continuing the Financial Inclusion Fund, announced in the Pre-Budget Report.
Abbey rewards customers with 8.1% AER on Super 50+ account
From 10 October 2007, Abbey’s customers will be able to benefit from an attractive 8.1 per cent AER through Abbey’s Super 50+ account.
Rising rates good news for Yorkshire savers
Yorkshire Building Society is offering a one-year fixed rate bond paying 6.5% gross per annum (5.20% net) for anyone who invests before 31st October.
Post Office launches new “Fiveyear Saver”
The Post Office has announced the fifth issue of its Fiveyear Saver – a no risk, fixed-term deposit bond - which guarantees returns over a five year period with the benefit of further growth potential linked to the FTSE 100-Index.
Leeds launches new Bond guaranteed to beat inflation
Leeds Building Society is set to launch a new Inflation Buster Bond (available from Wednesday October 10th) which has proved extremely popular with customers looking for a real return from their savings.
Royal Bank offers instant access savings with a bonus
The Royal Bank of Scotland this week launched a new telephone saver account, which offers an enticing 1% bonus for six months.
Tory tax plans could lead to £44.2 billion in increased savings
25 million Brits would save an additional £44.2 billion per year for their dependants’ future if the threshold for paying inheritance tax were raised to £1 million, according to research from Abbey Savings.
Leeds Building Society launch 1 year fixed rate bond
Leeds Building Society has launched a new 1-Year Fixed Rate Bond paying 6.25% gross p.a./AER on a minimum balance of only £100 with access, without notice or penalty, to 50% of the amount invested at any time.
Halifax Websaver turns a pale shade of green
Rachel Thrusell, Head of savings at Moneyfacts.co.uk, comments: “By the end of the year, new and existing Halifax Websaver customers will see their accounts ‘carbon labelled’.
Over 50s savers receive a boost
Rachel Thrusell, Head of savings at Moneyfacts.co.uk, comments: “This week has seen a welcome boost for the over 50s savings market. Coventry has relaunched its market leading Sixty-Plus Esave, available to those aged over 60, with a 50 Plus Esave account, paying the same headline rate of 6.40% but now available to anyone over the age of 50.
Fixed rates savings: the gap between the best and the rest widens
Rachel Thrusell, Head of savings at Moneyfacts.co.uk, comments: “Peaking at 7% for only a matter of days, those savers who were not quick off the blocks will have missed out on the very best fixed rate deals.