Savings
Sainsbury’s throws down the gauntlet in the Internet savings market
Andrew Hagger, Head of news and press at Moneyfacts.co.uk, looks at the deal that may shake up the already competitive Internet savings market.
Nationwide launches new guaranteed equity bond
Nationwide Building Society is to launch a new tranche of its Guaranteed Equity Bond (GEB) with a participation rate of 65%.
Abbey issues guaranteed income bond with highest ever rate
Abbey Savings has launched its new Guaranteed Income Bond (GIB Issue 25), which offers its highest ever rate of 4.88per cent net (6.10 per cent gross equivalent) per annum.
Sainsbury’s Internet Saver account jumps to 6%
Despite there being no change to the Bank of England base rate this month, Sainsbury’s Bank has announced that it is to increase the interest rate on its Internet Saver to 6%.
New savings war to benefit savers
Customers are set to cash in as an internet savings war breaks out among top companies with several firms offering rates above six per cent, predicts MoneyExpert.com. The independent financial comparison website says firms continue to react to Bank of England base rate rises in a bid to capture more customers.
moneysupermarket.com: Sainsbury’s savings account
Commenting on the rate increase on Sainsbury’s Internet Saver, Kevin Mountford, head of savings at moneysupermarket.com, said: “This is certainly ‘fresher’ banking from Sainsbury’s – a high paying, ‘whiter than white’ account with no sneaky bonuses, or penalties for withdrawal.
Skipton offers sweet return on Pick ‘N’ Fix bonds
Savers looking to invest over one, two or three years and get a great rate will welcome today’s launch of Skipton Building Society’s Pick ‘N’ Fix bonds.
Skipton Guernsey customers benefit from full rate rise
In keeping with its commitment to provide attractive savings rates for its customers, Skipton Guernsey Limited (SGL) has responded to the recent rise in the Bank of England base rate and passed on the full benefit to its customers with a 0.25% increase across the range of its simplified range of variable rate investment products, effective from 1 June 2007.
Skipton Guernsey launches 1-year bond paying 6.10%
Paying 6.10% gross pa/AER, the new Skipton Guernsey Limited (SGL) 1-Year Fixed Rate Bond (Issue 15) is sure to be snapped up quickly by customers looking for an excellent short term rate for their savings.
Bank of Scotland launches new Investment Account
Bank of Scotland International has launched its new Five Year Sterling Capital Guaranteed Savings 'Bond 22', which guarantees customers' initial capital investment and gives them the opportunity to benefit from any growth or fall of the FTSE 100 Index.
Scarborough launches savings accounts paying 6.05% and 6.20%
Scarborough Building Society is today launching two outstanding new savings products helping customers to capitalise on the current high interest rate environment.
Base Rate held but savers still to benefit from previous rate rises
As the Bank of England base rate stays at 5.5 per cent today, the Post Office reveals it is the only major high-street savings provider in the UK to have passed on every interest rate rise in full to all of its variable rate customers in the last year.
Reluctant retirees fear boredom and isolation
More than a third of the over 55 UK workforce expect to work past the age of 65 but companionship and intellectual stimulation are just as important as financial incentives according to a report from Birmingham Midshires’ Life 2 campaign.
ECB increases interest rates to 4%
Michiel de Bruin, F&C's Head of European Government Bonds comments on rate rise from the European Central Bank: "Today, as expected, the ECB raised its main refinancing rate with another 0.25% to 4%, the highest level since August 2001.
Abbey issues latest capital guaranteed bonds
Abbey has launched a new issue of capital guaranteed deposit bonds. The bonds offer guaranteed full return of capital at maturity and different benefits depending on the link to the underlying investment. They are the latest in the series of continuously available capital guaranteed products from Abbey and are: