Savings
Space racers become super savers
This week is the 50th anniversary of the launch of Sputnik 1, which marks the start of the Space race.
Take advantage of exceptional fixed term savings deals
Abbey Savings today advises customers to take advantage of the unusual market conditions which has given rise to some excellent fixed rate savings deals. Due to recent wholesale market conditions, LIBOR has diverged from the base rate. Typically LIBOR operates at rates similar to the base rate.
Friends Provident unveils the new Wealth Solutions Bond
Friends Provident, the FTSE 100 life and pensions company, has launched its new Friends Wealth Solutions Bond.
SAGA Personal Finance offers more to savers
Saga Personal Finance has announced that it is now giving customers an even wider choice of high-interest savings products, with the new issue of two fixed rate bonds. It is also increasing the interest rate on its online savings account to 6.30% AER.
Scarborough launch tracker savings account paying up to 6.30%
Scarborough Building Society has launched a tracker savings account paying competitive rates of up to 6.30%.
FSA increase limit of Financial Service Compensation Scheme
The Financial Services Authority (FSA) has increased the limit of Financial Service Compensation Scheme (FSCS) cover for deposits to 100% of the first £35,000 of each depositor's claim.
Brits put £49bn aside for a rainy day purchase
Summer may have been a washout, but 14 million super saving Britons won’t be fazed since they have plenty of money stashed away to make a rainy day purchase - some £49 billion in total.
Abbey extends bonus period for new customers on 50+ Saver Account
From 1 October 2007, Abbey is extending the bonus period on its highly popular 50+ Saver account due to ongoing strong demand for the product. This is to ensure that new and existing customers continue to benefit from an attractive bonus period.
Double your reason to save at Chelsea
From Saturday 29 September 2007 there are twice as many reasons to open a savings account with Chelsea, the UK’s fifth largest building society.
Coventry extends esaver account to over 50s
Commenting on Coventry Building Society extending its esaver account to the over 50s, Kevin Mountford, head of savings at price comparison site moneysupermarket.com, said:
Sixty-Plus eSave just got younger
Coventry Building Society is extending its highly successful Sixty-Plus eSave account to the over 50s.
SAGA's withdrawal of one year fixed rate bond
Commenting on SAGA’s withdrawal of its one year fixed rate bond, Kevin Mountford, head of savings at price comparison website moneysupermarket.com,said: “Frankly I am not surprised we are seeing fixed rate bonds being removed.
SAGA withdraws its one-year fixed-rate bond
Paul Green Head of Saga Communications said: “Since the recent turmoil in the savings market, we have been astounded by the number of older people looking to trusted brands like Saga in which to place their hard earned savings. At one point we dealt with as many applications in one hour than we would normally expect to handle in one week.
Fixed rates still simmering, but variable savings start to hot up
Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: “As the fixed rate market stabilises, with the top rates available just shy of 7% and the variable market showing signs of hotting up, the tides have started to turn.
Nationwide launches new guaranteed equity bond
With effect from Monday 1 October 2007, Nationwide is to launch a new tranche of its Guaranteed Equity Bond (GEB).