Savings
Brits dip into £2.29 billion of savings for Christmas
One in five Britons will use their savings to cover all or some of their Christmas spending this year, according to Santander's quarterly Savings Snap Shot barometer. Those dipping into their savings will take out an average of £212 each, resulting in the withdrawal of a massive £2.29 billion from the nation's deposit accounts.
Brits saving less
This autumn, the amount of money the population is saving has decreased according to NS&I's Savings Survey.
New deposit guarantee limit to be £85,000
The Financial Services Authority (FSA) has confirmed that the new deposit compensation limit for the United Kingdom will increase from £50,000 to £85,000 per person, per authorised firm, from 31 December 2010.
Nationwide Lifetime Guarantee 1 account issue 17
Nationwide International, the offshore subsidiary of Nationwide Building Society, has launched issue 17 of its fixed rate Lifetime Guarantee 1 personal savings account.
Aviva targets workplace savings market
Aviva is strengthening its position in the workplace savings market by launching Total Reward Statements - an online, personalised record that lets employees understand the value of benefits provided by their employer.
Savvy shoppers plan to save money by avoiding VAT increase
We are a nation of savvy shoppers as around one in four (15.5 million people) of us have planned to make big ticket purchases in the last three months of the year to avoid the impending VAT increase, according to research by Sainsbury's Loans.
AXA Investment Bond customers benefit from increased payment
AXA Investment Bond customers investing in the AXA Distribution Life Fund are benefiting from an increased payment following positive performance from the Distribution Fund.
New competitive savings bonds from NatWest and RBS
From Saturday 11 December 2010, a new range of savings bonds will be introduced from NatWest and RBS.
Northern Rock launches market leading online saver
Northern Rock has added a new online easy access savings account to its range, e-saver (Issue 4). The account pays 3.00% gross* per annum for deposits from £10,000 to £100,000.
Savings levels continue to rise but debt repayments falter
With continuing economic uncertainty, the latest figures from unbiased.co.uk's Savings Brake report reveal that while Brits' savings habits reach an annual high, they are failing to keep up debt repayments to the levels seen earlier in 2010.
Average charity savings account rate is just 0.39%
According to the latest research by Fair Investment Company, charities are still massively unimpressed with their current savings providers, with a staggering 98 per cent saying they are unhappy with their savings account rate.
Yorkshire launch 4 per cent fixed rate bond
The Yorkshire Building Society will this week launch a new three year fixed rate bond providing a hugely competitive rate for customers at 4 per cent gross per annum.
Savers still in the dark over new compensation limit
The Financial Services Compensation Scheme (FSCS) is due to raise the level of protection on consumers' savings in less than a month, yet almost 60 per cent of Brits are unaware of the impending changes.
Leeds re-issues market leading Fixed Rate Postal Bond
Leeds Building Society has re-launched its market leading Fixed Rate Postal Bond paying a guaranteed return of 2.50% gross p.a./2.52% AER. Furthermore, the bond also allows unlimited access to all of the funds at any time, without notice or penalty.
Brits to receive half a billion pound gift this Christmas
Britons are expecting to collectively receive £587million in gift money this Christmas reveals new research by direct bank first direct.