Savings

Bradford & Bingley launches eSavings account

Bradford & Bingley has launched eSavings4, an online savings account, that boasts a market-leading annual ‘bonus’ rate of 6.01% p.a. gross/AER for the first 12 months, designed to appeal to customers looking for easy and penalty-free access to their money.

Benefit from FTSE 100 growth tax free and capital guaranteed

Leeds Building Society has launched a new product offering customers the security of a 100% capital guarantee, combined with the potential to benefit from any growth in the FTSE 100 index, tax free.

Offshore bond market powers ahead

With rising house prices and growing personal wealth, more and more people are turning to offshore bonds as part of their inheritance tax planning, according to a new report from Defaqto.

Britons step on the savings brake

UK consumers borrowed 41 pence for every pound they saved in the first quarter of 2007, according to Unbiased.co.uk’s latest Savings Brake figures, which reveal the ratio of how much we are borrowing, not including mortgage debt, contrasted with how much we are saving.

Interest rate rises linked to increase in mood to save

Legal & General’s MoneyMood Survey shows 62 per cent of adults in the UK were in the mood to save at the end of May compared to only 57 per cent for the same month in 2005.

NS&I interest rate changes

National Savings and Investments (NS& I) is increasing the interest rates on a range of its fixed rate savings offers by up to 0.35% per annum. All new rates come into effect on 20 June.

Birmingham Midshires launches new fixed rate bond

Birmingham Midshires, a leading provider of fixed rate bonds, has announced the launch of a new 1 Year Fixed Rate Bond. From today, savers will be able to secure an attractive fixed rate of interest at 6.40% gross/AER for a full year.

Brits stung by unexpected bills

Brits forked-out a massive £48.7 billion on unexpected bills over the last 12 months, according to research from Abbey Savings. Nearly four in five (79 per cent) were hit by an expense that they had not budgeted for, at an average cost of £1,375 each time.

Abbey issues new fixed-term savings bonds

Abbey Savings has launched its latest tranche of fixed-term savings accounts for customers looking for a guaranteed return on an amount of money they can lock away for a set time.

Kick the habit and see your savings mount up

With England set to be smoke free from 1st July, many people will be marking the occasion by stubbing out cigarettes for good. Aside from the obvious medical benefits, research from Alliance & Leicester Savings reveals the nation’s financial health could also be dramatically boosted by quitting smoking.

Brits are 'financial fantasists' who fail to plan for the future

A third of Brits (33%) are financial fantastists, gambling with their security by expecting to earn higher salaries in the future, borrowing money or expecting to receive a windfall or inheritance, instead of making a detailed financial plan for the years ahead, according to the latest NS&I Quarterly Savings Survey.