Savings
Don’t be caught out by withdrawal fees
Rachel Thrussell Head of Savings at moneyfacts.co.uk comments: “Once the dust has settled from the November base rate increase, it will be a great time to shop around for a new savings account. But don’t be caught out by complex terms and conditions.
The name's Bond...One-Year Bond!
With everyone talking about the new blonde Bond, Britannia Building Society has launched a striking new Bond of its own.
Fixed rate bond with instant access if base rate rises
Leeds Building Society has launched a 2-Year Guaranteed Bond paying 5.50% fixed AER until 31 January 2009, with the unique guarantee of allowing full instant access to all the funds, without notice or penalty, if Bank of England Base Rate exceeds 5.50%.
Alliance & Leicester reviews savings rates
Alliance & Leicester has reviewed its savings portfolio and the new rates, which are effective from 2 December.
Nationwide increases savings rates
Nationwide Building Society has today announced that it will increase its savings rates from Friday 1 December 2006 to coincide with the increase in its Base Mortgage Rate.
Leeds Building Society launches 2 year fixed rate bond paying 5.66% AER
Leeds Building Society has launched a 2-Year Fixed Rate Postal Bond paying a market leading 5.66% AER until 31 January 2009.
MPs back Nationwide's campaign to encourage children's savings
Research commissioned by Nationwide Building Society reveals that MPs feel that more needs to be done to ensure that children have sufficient savings behind them when they enter adulthood.
More people saving for retirement
The overall index score from the Standard Life Savings & Investment Index has increased from 11 points when the Index started in July 2005 to 23 in October 2006.
Guarding against LBO risk in bond funds
According to Simon Surtees and Karl Bergqwist, Co-Heads of Fixed Income at Gartmore, the risk posed to bond investors by private equity-backed leveraged buyouts (LBOs) is growing.
Instant Access Rate increased to 5.00%
Leeds Building Society will increase the interest rate on its Direct Saver Plus account to 5.00% with effect from 1st December 2006.
Kids Christmas savings crackers
With Christmas almost upon us and gifts of cash being a popular choice for kids, now’s the time for parents to look for the best children’s savings account.
Take an interest if you’re giving kids cash for Christmas
Parents are being urged to take an interest if their children are given cash as Christmas presents. MoneyExpert.com analysis shows the average interest rate paid by kids’ accounts is an impressive 4.125 per cent – but there are plenty of poor deals out there.
Skipton increases savings rate
Following the recent announcement of an increase in the Bank of England’s base rate, the vast majority of Skipton’s investors will see their interest rates increase by 0.25%, with the average increase across all variable rate accounts – both open and closed issues – being just over 0.24%. Both rate changes will take effect over the first weekend in December.
NatWest launches new limited edition Fixed Rate Bond
NatWest has launched a new Limited Edition one-year Fixed Rate Bond at 5.25% for savers looking for a guaranteed rate over the next twelve months.
Bond managers take profit as market rallies
F&C's Ian Robinson, manager of F&C Fixed Interest Fund and Fatima Luis, manager of F&C Strategic Bond Fund, have reduced their holdings in investment grade bonds as corporate bond markets rally in spite of high issuance levels over the past two months.