Savings

Scarborough responds to Christmas savings club collapse

Scarborough Building Society is responding to recent events by launching a safe and simple Christmas Saver account, to help people prepare for a magical 2007 festive season.

Children's saving scheme from Britannia

A 'paint your own' piggy bank to encourage saving will be given to children whose parents open a 6.50 percent Child Trust Fund in December and January.

Kids set for Christmas shopping spree

Many children have built up a good nest egg for this years' Christmas shopping. Three in five children save more than they spend and a quarter (25%) save more than £5 per week, according to new research from Halifax.

Britannia Building Society: Pay day splurge

Free spending Brits get through more than £350 million during the first 12 hours after they have been paid.

Britannia scores with Tottenham

Britannia is expanding its extensive range of popular football products with Tottenham Hotspur mortgages and savings accounts.

Skipton’s bond rates rise for 12th time

For what is the 12th time this year, Skipton Building Society is again increasing the rates on what is already one of the most competitively priced ranges of fixed rate bonds on the high street.

Coventry puts members first with fixed rate loyalty bond

Coventry Building Society is launching a new Members Bond on Friday 8 December.

Abbey offers Guaranteed Income Bond with market-leading rate

The new issue of the Guaranteed Income Bond offered by Abbey (GIB Issue 19) has a rate of 4.32 per cent p.a. A single premium life insurance plan, it guarantees a fixed income at a competitive rate and the full return of capital, provided the bond is held for the full four-year term of the investment.

National Savings and Investment

Siemens Business Services (SBS) has formally requested permission from NS& I to outsource a further 200-240 roles on the NS& I contract to Siemens’ subsidiary in India.

Never too old or young to save

Rachel Thrussell, Head of savings at moneyfacts.co.uk comments: “Amongst all commotion of saving rate rises following the November base rate increase, a pattern has emerged with providers rewarding their young or older savers with some of the better deals.

No visa required to access best savings rates

In a time that has recently seen another Premiership football club fall into foreign hands and the London Stock Exchange subject to a foreign take-over moneysupermarket.com has observed that foreign banks are causing a quiet revolution in the UK savings market.