Savings
Birmingham Midshires launches new fixed rate bond
Birmingham Midshires has announced the launch of a new 11 month Fixed Rate Bond. Consistently high in the best buy tables, Birmingham Midshires has continually pushed rates of return up for savers, forcing competitor products to follow suit.
Leeds launches new fixed rate savings account
Leeds Building Society has launched a new fixed rate branch based savings account paying an excellent 6.76% AER (6.70% gross) with access to up 25% of the balance, without notice or penalty at any time, to compliment its market leading postal savings account.
Alliance & Leicester launch 6 year Growth & Income account
Alliance & Leicester has launched a new tranche of its 6 year Growth & Income account paying 8.00% gross/AER on half of the money invested, whilst the other half receives 50.00% of any growth in the FTSE 100 index. The new product will be open for investment for ten weeks from Friday 14 September 2007 to Friday 22 November 2007.
Northern Rock savers don’t panic
The shock news that Northern Rock has been assisted by the Bank of England, acting in its capacity of lender of last resort, may cause concern for Northern Rock savings customers.
Leeds to launch new postal savings account
Leeds Building Society is set to launch a new market leading postal savings account that combines a high guaranteed rate of 6.60% AER (6.55% gross) and unlimited penalty free access to funds for customers, at any time.
Stroud and Swindon’s savings rates
Commenting on the launch of Stroud and Swindon’s new one year 7.05 per cent bond and other increases in savings rates, Kevin Mountford, head of savings at moneysupermarket.com, said: “What a result for savers! Providers look set to climb over each other with more competitive rates as they battle to raise customer deposits.
Savings rates break the 7% barrier
Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: “The saving frenzy of last week has continued at full strength. Today sees fixed rates top 7% for the first time in over 6 years.
£21,888 is the saver’s salary
More than one in two British people say they don’t earn enough to save on a regular basis, according to new research from Birmingham Midshires.
N&P increases fixed savings rates
Due to the continuing changes in short-term money market rates, Norwich and Peterborough Building Society (N&P) is increasing the rates of interest paid on its six month and one year Fixed Rate Bonds, and its one year Fixed Rate Mini Cash ISA, with effect from 14 September.
Scarborough launches new rollover bond
With global financial markets experiencing some of the worst volatility for 20 years, Scarborough Channel Islands Limited (SCIL) has launched a market leading
People with a financial adviser much more likely to save
Less than a quarter of people have regular access to a financial adviser - but those who do are considerably more likely to be saving for their future, according to research from Standard Life.
Tesco Savings offers 1000 Clubcard points
Tesco Savings is giving more new customers the chance to earn up to 1,000 free Clubcard when they open an Instant Access account before 16 October 2007.
Wonder women are super at savings
Abbey’s new super range of savings products are attracting women to saving and investing, according to Abbey Saving’s new openings data.
Fair Britannia returns money to members
Britannia Building Society is returning an additional £2 million to its members, following a "fairness" challenge to HM Revenue & Customs.
Interest rate frenzy in fixed rate savings market
Andrew Hagger, Head of News and Press at Moneyfacts.co.uk, comments on the increase in retail savings rates: “Moneyfacts has today witnessed a surge in interest rates for fixed term savings accounts, a scenario that financial analysts have been expecting over the last couple of weeks.