Savings
Post Office boosts Instant Saver rate to 6 per cent
The Post Office is increasing the rate on its Instant Saver account from 5.75 per cent to 6.00 per cent following today’s rise in the Bank of England base rate.
Virgin Money: Savings increase
Virgin Money will increase the interest rate for Deposit Account and Cash ISA customers to 5% (AER) from midnight on Friday 20th July 2007.
Grab a fixed rate paying up to 6.30%
Nationwide Building Society has today announced that it will be launching a new range of Fixed Rate Bonds and Fixed Rate ISA Bonds offering highly competitive rates and guaranteed returns for savers.
Nationwide International to launch new fixed rate bonds
Nationwide International has announced that it will be launching a new range of one and two year Fixed Rate Bonds with effect from Friday 6 July 2007.
Branch based savings are back in vogue
Rachel Thrussell, Head of savings at Moneyfacts.co.uk, comments: “As part of the Bradford & Bingley revamp, the What IF? Saver was launched paying a best buy rate compared with other branch-based accounts of 5.50% (min deposit £2K).
Bradford & Bingley’s new account range
Rachel Thrussell, Head of savings at Moneyfacts.co.uk, comments: “Bradford & Bingley has performed a major revamp of its savings range, withdrawing accounts such as First Choice, Premier Saver, Premier Tracker and Premier Additions and replacing them with new accounts with differing rates and terms.
Britannia branches out for the future
Britannia Building Society will plant a tree for every child whose parents open a savings account for them between Monday 2 July and 2 September 2007.
Bradford & Bingley launches ‘What If?’ account
Bradford & Bingley has announced the launch of the ‘What If? Saver Account’, designed to appeal to savers who want a ‘no notice’ home for their money that offers a highly attractive variable rate of 5.50% p.a.gross, which includes a bonus equivalent to 0.50% p.a gross.
moneysupermarket.com: Flurry of savings product activity
Commenting on the recent flurry of savings product activity, Kevin Mountford, head of savings at price comparison website moneysupermarket.com, said: “Highly competitive and innovative regular saving products have flooded the market this week – but should Brits be tempted?
Chelsea Building Society launches new Fixed Rate Options
Chelsea Building Society will launch two new Fixed Rate Options effective from Wednesday 4 July 2007.
MoneyExpert.com: Abbey’s new 10% savings account
Sean Gardner, Chief Executive of MoneyExpert.com, said: “Abbey customers who are keen to save regularly could be forgiven for thinking Christmas has come early with the launch of the firm’s new Super Monthly Saver paying 10 per cent for one year.
Abbey launches Super Monthly Saver Account
From today, Abbey’s customers will be able to benefit from an attractive 10 per cent AER through Abbey’s Super Monthly Saver account. The account is designed for people that want to save regularly to accumulate a lump sum after 12 months.
Savings accounts – how long before we see a 20% rate?
Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments on the new regular savings accounts launched today from Alliance & Leicester and Abbey:
Nation’s cash sits idle in current accounts
Adults in the UK are collectively missing out on hundreds of millions of pounds in interest each year because they have billions of pounds lying idle in low paying current accounts.
Boost your wealth as well as your health by quitting smoking
From 1 July 2007, nearly all enclosed public places and workplaces in England will become smoke free as new laws are introduced to protect employees and the public from the effects of second-hand smoke.