Savings
UK’s good saving habits undone by lingering culture of debt
In the third quarter of 2006, the UK tucked away almost £32 billion according to new figures from Unbiased.co.uk.
Norwich & Peterborough Building Society increases fixed savings rates
Due to recent changes in money market rates, Norwich and Peterborough Building Society (N& P) is increasing the rates of interest paid on its Fixed Rate Bonds, Loyalty Bonds and Fixed Rate Mini Cash ISAs, with effect from Thursday 25th January.
Bank of Scotland International increases saving interest rates
Bank of Scotland International has increased the interest rates on its Halifax International Extra Income Saver, Instant Access Savings Account and Fixed Rate Account, with effect from today.
Nationwide launches new Regular Savings account
Nationwide Building Society has today announced that it will be launching a new Regular Savings account from 23 January 2007.
Abbey’s latest capital guaranteed bonds available over two tax years
Abbey has launched a new issue of capital guaranteed structured deposit accounts with an extended offer period extended offer period so that investors can take advantage of Mini Cash ISA allowances for both this tax year and next.
BM first to break 6% barrier with launch of new fixed rate bond
UK savings provider Birmingham Midshires today announced the launch of a new Best Buy bond with a fixed rate of 6.05% gross/AER.
Bond market calmer but threats to stability remain real
Last year was tough for corporate bond funds, normally known for their steady unassuming performance and stability compared with more volatile equities. Justine Fearns, Research Manager at AWD Chase de Vere, explains why many lost capital and says the outlook for 2007 is better, but not brilliant.
Seasonal savings surge – but Brits can’t resist temptation to splurge
In the three months to December Britons saved almost double the amount put aside the previous quarter according to the latest findings from Birmingham Midshires’ Saving Britain campaign.
Bank of Scotland International launches new savings account
Bank of Scotland International has launched both Sterling and US Dollar Capital Guaranteed Savings 'Bond 20' across three and five year terms.
New Year boost for your savings resolve
By today over half of people (54 per cent) in the UK will have already broken their new year's resolutions and by the end of January the vast majority (78 per cent) will have given up completely, research by Lloyds TSB Savings has revealed.
Saga Secure Savings passes on interest rate hike to savers
Following the Bank of England’s shock decision to raise base rate by 0.25% to 5.25%, Paul Green of Saga comments:
Post Office boosts instant saver rate to 5.5%
The Post Office is increasing the rate on its Instant Saver account from 5.25% to 5.5% following today’s rise in the Bank of England base rate.
Don’t be a mug - shop around for the best savings rates
By shopping around for the most competitive savings rates, your hard earned cash could be earning 5.35 per cent more than on the worst paying accounts according to Find.co.uk, consumer finance portal.
Leeds Building Society launches branch based fixed rate savings bonds
Leeds Building Society has today launched a range of branch based fixed rate savings bonds offering customers a guaranteed rate of return, a choice of 1, 2 or 3 years and the option to access some of the funds without notice or penalty.
Losing interest in passbooks
Savers who insist on a passbook for their instant access account are losing out to the tune of around 1.25 per cent in reduced interest, according to new analysis by MoneyExpert.com.