Savings
Spring savers had Christmas wrapped up
British savers covered almost a quarter (23%) of Christmas spending using their savings pot, according to the latest quarterly Saving Britain research from BM Savings.
BM Savings increases fixed rate on Inflation Rate Bond
BM Savings have increased the fixed rate of interest savers will receive in the Inflation Rate Bond with immediate effect from 0.25% AER/Gross to 1.50% AER/Gross. This fixed rate is paid in addition to the January Annual Inflation Rate (Retail Prices Index).
Northern Rock launches three-year Little Rock Fixed Rate Bond
Northern Rock continues to help children save for their future with a new issue of its Little Rock Fixed Rate Bond (FRB).
AA Savings launches new postal fixed rate account
AA Savings is firmly in the best buy league with the launch of a brand new postal 1 Year Fixed Rate Savings Account paying 3.40% gross p.a./AER. A monthly interest option is also available paying 3.35% gross p.a./3.40 AER.
Cost of raising a child climbs to £210,000
The cost of raising a child until their 21st birthday now totals more than £210,000, according to the annual Cost of a Child Report from insurance, investment and retirement group LV=. This equates to £10,040 a year, £836 a month or £27.50 a day.
Brit's are saving for a rainy day
New research from Confused.com has revealed that as a nation we're saving for a rainy day rather than towards any particular goal.
Chelsea Building Society offer new savings bond
Chelsea Building Society has launched a new two-year fixed rate bond offering customers a return of 3.25 per cent on their savings.
New Protected Equity Bond offered through Nationwide
Nationwide Building Society has launched a new Protected Equity Bond. The new Bond, available as both deposit and ISA options, pays a minimum 7% gross return (1.13% gross AER), plus the potential for further stock market linked capital growth at the end of six years.
moneysupermarket.com - Inflation Linked Bond launches
Commenting on the recent launches of Inflation Linked Bonds from BM Savings and more recently The Post Office and Yorkshire Building Society, Kevin Mountford, head of banking at moneysupermarket.com, said: "There has been concern for some time that no savings accounts deliver a rate of return above inflation.
Post Office launches new inflation linked bond
The Post Office has announced the expansion of its savings range with the launch of a new five year Inflation Linked Bond offering savers the opportunity of a market-leading return.
Saving for life’s big events
Britons are dramatically underestimating the cost of life's big events, reveals new research from HSBC. On average life's big events cost £314,000 however Britons estimate the cost will be just £190,000, a shortfall of £124,000.
Tesco Bank Retail Bond smashes expectations
Tesco Bank has closed its first retail bond, raising £125 million, with demand from thousands of investors smashing expectations. This is the highest amount raised by a pure retail bond since the launch of the Order Book for Retail Bonds (ORB) by the London Stock Exchange in February 2010.
Nationwide increases bonus rate on MySave Online Plus
Nationwide Building Society has increased the bonus rate on its MySave Online Plus account by 0.16% to 1.41% gross p.a., bringing the overall rate paid to a market-leading 2.91% gross p.a./2.95% AER (variable).
Barclays five-year fixed rate bond pays up to 4.75%
With demand growing for savings that offer guarantees and security, Barclays has launched a ‘top of class' five-year fixed rate bond paying up to 4.75 per cent.
Ethical bank offers children chance to fund a better future
Ethical and sustainable bank, Triodos, has launched Right Start Saver, an easy access children's account paying 0.8%. This account reflects the growing appetite for children's savings products that offer a competitive rate of return and enable children to learn how money can be used to help make the world a better place.