Savings
'No strings' internet savings account from AA Savings
AA Savings has today launched a new, ‘no-strings’, best-buy Internet savings account, called the AA Internet Access Account.
Abbey launches new capital guaranteed deposit bonds
Abbey has launched a new issue of capital guaranteed deposit bonds. The bonds guarantee the full return of capital at maturity and different benefits depending on the link to the underlying investment.
Britons’ savings reach record levels
UK consumers are taking advantage of recent interest rate rises with savings levels for the second quarter of 2007 topping a record £47 billion, according to Unbiased.co.uk’s latest Savings Brake figures.
Savers to switch £57bn to take advantage of credit crunch rates
Britons are considering switching over £57 billion worth of savings to take advantage of strong rates caused by global financial market conditions, according to research by Abbey Savings.
Worried savers demand protection after ‘Northern Wreck’
Savers are demanding the authorities increase the level of compensation paid when a bank goes bust after the Northern Rock crisis dramatically highlighted the risks to cash in the event of a collapse, new research from MoneyExpert.com shows.
Savers are far more cautious after Northern Rock scare
Consumers are exercising far more caution about where they put their savings, says Jim Spowart of Peopleschampion.com, the Scottish price comparison site which celebrates its first anniversary this week.
Savings reach record August high
Building society gross advances amounted to £4,341m in August 2007, compared to £5,582m in August 2006, according to the Building Societies Association (BSA).
moneysupermarket.com sees increase in traffic
Talking about Northern Rock and the impact on the moneysupermarket.com website, Kevin Mountford, head of savings at price comparison website moneysupermarket.com, said:
Bradford & Bingley raises the bar with a 6.4% no strings account
Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: “For some time, Sainsbury’s and Icesave have led the way offering 6.25% and 6.2% respectively no strings internet accounts.
A surprise increase in rates for ING customers
Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: “ING increased rates for its savers (Savings Account) to 5.13% gross, an increase of 0.24%. This is good news for ING savers who have recently seen their rate fall behind the market following the failure to respond to 2 base rate rises over the last year.
7% savings gone in a flash
Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: “The fixed rate savings frenzy fizzled out almost as quickly as it started, with three out of the five best buy rates being withdrawn this week, and rates falling below 7% once again.
Disparity within the 6% savings club
Savers spoilt for choice when it comes to top paying accounts – Sainsbury's urges them to think about the account that best suits their needs.
Bradford & Bingley launch esavings account
Commenting on the launch of the Bradford & Bingley esavings account, paying 6.4 per cent AER, Kevin Mountford, head of savings at price comparison website moneysupermarket.com, said:
Abbey issues new fixed-term savings bonds
Abbey Savings has announced the launch of two new fixed-term savings accounts for their customers looking for a guaranteed return on an amount of money they can lock away until the end of the year. This is a great time for savings and these new products have been developed to allow customers to benefit from the current market conditions.
Zurich launches next in the series of Guaranteed Accounts
Zurich has launched the next in the series of Guaranteed Capital Accounts, designed to give customers access to a structured product throughout 2007.