Savings
HSBC launches new account range for under 18s
HSBC has launched a new account range, called ‘MyMoney’, for 7-17 year olds. The accounts are designed to help children get into the habit of managing their pocket money and understand how their spending can have an effect on their savings.
Where is Britain’s wealth?
Prudential today reveals the full extent of the changing nature of Britain’s wealth. The study undertaken by Datamonitor into the composition of Britain’s individual wealth highlights the growing shift in wealth away from traditional financial assets towards an increasing importance of non-financial assets (primarily property). If the existing trends continue, non-financial assets could account for 60% of Britain’s wealth by 2009.
Spring into a fix with the Coventry
Coventry Building Society is launching a top paying fixed rate savings bond on Wednesday 4 April.
Alliance & Leicester launches competitive fixed rate bond
Alliance & Leicester International Limited (ALIL), the offshore savings bank, has launched a new, limited edition 1 Year Fixed Rate Bond (Issue 34) with a competitive fixed interest rate of 6.00%.
F&C calls for Government incentives to save
Data published this week by the Office of National Statistics shows a significant fall in the household savings ratio.
Friends Provident introduces special offer on savings plans
Friends Provident International (FPI), one of the leading offshore financial services providers, has announced a three-month special offer on two of its regular premium savings plans.
Brits admit being unprepared for financial emergencies
Millions of Britons are failing to put aside enough money to cover themselves for a financial emergency according to the latest research from Birmingham Midshires.
Leeds Building Society launches new 2-Year Fixed Rate Bond
Leeds Building Society has launched a 2-Year Fixed Rate Bond paying a market leading 6.07% AER until 31 May 2009, with instant access to up to 25% of the funds without notice or penalty, at any time.
Babyboomer generation of ‘retire-easies’
Over-50s say they find it easier to save for retirement compared to their parents and children.
Halifax launches a Christmas Savings Account
Halifax will launch in May a Christmas Savings Account aimed at low income households.
Leeds Building Society launches fifth issue Saver Access Plus
Leeds Building Society has launched a fifth issue of the popular Saver Access Plus, combining a great rate of interest with instant access.
Can’t save or won’t save?
“I can’t afford to” is a phrase often used when people are asked why they don’t save; but why do some people save more and others save less, even though they are in similar situations?
UK consumers break savings records
UK consumers put a spectacular £136 billion away for a rainy day in 2006, up £25 billion on the previous year, according to figures from Unbiased.co.uk, the organisation promoting the benefits of independent financial advice.
Leeds Building Society improves Regular Saver
Leeds Building Society has increased the maximum monthly investment on its Regular Saver account from £500 to £1,000.
British workers pocket £24 billion in bonuses
British workers received £24 billion in performance-related bonuses over the last 12 months according to the latest research from Birmingham Midshires.