Savings
Northern Rock launches new savings website
Northern Rock has launched a new interactive website - northernrock.co.uk/savings/ to make it easier for customers to find a Northern Rock savings product from the competitive range available. The new savings website follows the introduction of Northern Rock’s award-winning Mortgages website, which was launched in April 2010.
Nationwide increases rate on ISA and MySave Online Plus
Nationwide is increasing the rates on its MySave Online Plus account and its 18 month Fixed Rate ISA, both of which will become market-leading products.
Newly launched savings accounts pay more interest on average
Independent financial research company Defaqto has found that the average interest rate paid by newly launched easy access savings accounts and Cash ISAs are significantly higher than for those launched in and before 2010.
Savers set to lose out by not investing tax efficiently
Unbiased.co.uk's annual Tax Action Report reveals that savers are losing out on as much as £509 million by failing to put their savings and investments into tax-efficient savings accounts.
Barclays launches new everyday banking videos online
Barclays has launched two new online videos, helping customers get to grips with all the essentials they need to know about their everyday banking for savings and mortgages.
West Brom launches easy access savings account paying 3%
The West Brom has added WeBSave Easy Access to its fast growing portfolio of internet based savings products.
Northern Rock launches new fixed rate savings bond
Northern Rock has launched a new issue of its Fixed Rate Notice Bond (FRNB), which offers savers the flexibility of a competitive, long-term fixed interest rate, along with planned access to their funds.
Standard Life offers recurrent single payments to Bond
Standard Life is introducing the ability to pay recurrent single payments to its International Bond. The new flexibility has been driven by clear demand and will provide a tax efficient alternative for people looking for a way to save for the longer term, beyond their pensions.
More choice for online savings customers
Web-savvy savers can enjoy a market leading rate without having to compromise on access to their money following the launch of a new online account.
Lloyds TSB launches 5.5 per cent bond for retail investors
Lloyds TSB Bank plc has launched a market leading, fixed rate corporate bond for retail investors. Following the success of the Group's first bond for retail investors in June 2010, the new Lloyds TSB Bank plc bond offers a fixed rate of 5.5 per cent per annum with a semi annual coupon.
Brits raiding savings to fund everyday living
With household finances under severe pressure due to the rising cost of living and rising unemployment, research by moneysupermarket.com has found almost a quarter of Brits (23%) with savings are using this money to pay for everyday household bills and spending.
Sixth plan in 6 Year Growth Deposit Bond series from L&G
Legal & General has launched the sixth plan in its series of structured deposit bonds. 6 Year Growth Deposit Bond 6 is a six year fixed term deposit that offers investors a minimum return of 15 per cent at maturity or an upside potential of 100% of any capital growth (subject to averaging) in the FTSE 100 Index, up to a maximum of 50% of their original investment, which ever is greater.
Savings suffer as consumers pay off debts in record amounts
New research from unbiased.co.uk, the professional advice website, reveals 2010 was a record year for consumers repaying their debts, but savings levels suffered as a result of it.
Barclays launches new competitive savings range
Barclays has launched two new savings products, including a highly competitive cash ISA paying 3.25 per cent AER/ 3.20 per cent tax free per annum variable to enable customers to make the most of their tax-free savings allowance.
Northern Rock launches new range of fixed rate savings bonds
For customers looking to invest their savings over a shorter period, Northern Rock has launched two new issues of its fixed rate bond (FRB) with competitive interest rates of 2.90% gross*/AER** pa over one year (Issue 424), and 3.60% gross*/AER** pa over three years (Issue 425).