Savings

Students and parents underestimate cost of university education

Both teenagers and parents alike are still massively underestimating the true cost of university, according to The Association of Investment Companies’(AIC) annual survey into attitudes towards university debt. With the average debt on graduation currently estimated at £13,252, many students could well be left with a painful shortfall.

ABCUL welcomes pilot ‘Save Xmas’ campaign

The Association of British Credit Unions (ABCUL), has welcomed the launch of the Office of Fair Trading’s ‘Save Xmas’ pilot scheme in Scotland.

Alliance & Leicester increases savings rates

Following the Bank of England Base Rate increase of 0.25% from 5.50% to 5.75%, Alliance & Leicester is making the following changes to its savings products. These changes will take effect from Thursday 2 August.

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.

University debt – a pointless waste of time and money

Faced with tuition fee hikes and growing debt, almost one in four young adults consider taking on debt to go to university to be a pointless waste of time and money according to new research from Engage Mutual Assurance.

OFT 'save xmas' campaign comes to Scotland

Following the collapse of the Farepak Hamper company last year, the OFT is launching a pilot scheme in Scotland on Friday (July 27) to help consumers decide how best to ensure they can afford to pay for Christmas.

Britain’s balance sheet favours savers 4:1

Britain’s savers have salted away £820 billion. Our favourite asset, our homes are valued at £4.3 trillion in total. Together this makes up £5.1 trillion - dwarfing the debt mountain of £1.3 trillion that we hear so much about.

National Savings and Investments rate changes

National Savings and Investments (NS&I) is increasing the interest rates on a wide range of its variable savings offers by up to 0.25% per annum.

AXA Isle of Man launches offshore Regular Investment Account

AXA Isle of Man (AXA IOM) has launched the Regular Investment Account to complement its award winning Offshore proposition and to capitalise upon its position as a premier provider of offshore investment solutions.

Scarborough Channel Islands launches new savings bonds

Scarborough Channel Islands Limited (SCIL) is offering a suite of outstanding new savings bonds giving customers the flexibility to fix their rate for either six months, one or two years.

New product from Bank of Ireland offshore

Bank of Ireland (I.O.M.) Limited, in conjunction with its branch Bristol & West International, based in Guernsey, has launched the Global Growth Bond.

Pocket money rises 600% in 20 years

Children receive an average of £8.01 per week in pocket money, an increase of over 600% since 1987, according to new research from Halifax's 20th Anniversary Pocket Money Survey. Halifax, the UK's largest savings provider, has been conducting research into children's pocket money since 1987.