Savings
Zurich Equity Linked Growth Account
Zurich UK Life has launched the latest in its new range of Deposit Accounts. Available immediately, the Zurich Equity Linked Growth Account runs for five years.
Northern Rock Ireland issues Direct Saver Fixed Rate Bond
Northern Rock Ireland has launched a new issue of its Direct Saver Fixed Rate Bond offering a fixed rate of 2.50% gross pa/AER** (or 2.50% gross/2.52% AER monthly) fixed until 15 December 2011.
Fourth 6 Year Growth Deposit Bond from Legal & General
The fourth plan in Legal & General's series of structured deposit bonds, 6 Year Growth Deposit Bond 4, is available to IFAs for a limited 10 week period from Monday 18 October to Friday 24 December 2010.
Post Office increases savings rates
The Post Office has increased the interest rate for its Online Saver account to 2.90% AER, putting it straight to the top of the Best Buy tables for easy access accounts. It has also launched a new issue of its one year Online Bond paying a Best Buy rate of 3.00% AER. Both deals are available immediately.
Nationwide Protected Equity Bond
Nationwide Building Society has introduced a new six-year Protected Equity Bond. The Protected Equity Bond is designed to return a customer's original investment at the end of the six-year period while, at the same time, offering a return linked to the performance of three of the world's leading stock market indices - the FTSE 100, EuroSTOXX and S&P 500.
Home, heirs and happiness - the way to get Britain saving
When it comes to getting people saving, Brits seem to be motivated by three major factors, their homes, heirs and happiness. New research by Skipton Building Society shows that deposits for a new home feature top of the list of biggest savings funds - with on average over £77k held in savings accounts for that specific purpose.
Barnsley beats the competition with fixed rate bond
Barnsley Building Society has launched a new, highly competitive 3.05% gross/AER one-year fixed rate savings bond.
Market-leading rate for Northern Rock's one year fixed bond
Northern Rock has launched a new issue of its one-year fixed rate bond (FRB), maintaining a market-leading interest rate of 3.00% gross* p.a. With a minimum deposit of just £1, the account is available to open through Northern Rock branches or by post from today (Thursday, 14 October).
Tips for setting up an emergency savings pot
HSBC research reveals that 30% of adults have less than £249 set aside as a financial safety net. The survey of 2,100 UK adults reveals 19% have no savings at all to fall back on and 11% have less than £249 set aside as a financial safety net.
Stubborn inflation punishes savers
To maintain the purchasing power of their savings, a basic rate tax payer needs to find a savings account paying 3.88% pa, while a higher rate tax payer at 40% needs to find an account paying 5.17%.
Northern Rock increases interest rate for online savers
From tomorrow (Wednesday 13th October), Northern Rock will increase the interest rate on its online easy access savings account, e-saver (Issue 3).
Skipton launches ‘goal based' savings accounts
Skipton Building Society has launched a range of individual ‘goal based' savings accounts which allow customers to focus on specific saving targets from regular holidays, weddings and car savings accounts to the more diverse shoes, handbags, gadgets and secret savings accounts.
Managers maintain key positions in corporate bonds
With the potential prospect of a further narrowing of spreads, U.S. fixed income fund managers are maintaining their key positions in corporate bonds, including investment grade and high yield, said Standard & Poor's Fund Services in its latest sector update.
Singles save more than couples
The commonly held belief that married or cohabiting people are better savers than their single counterparts has been challenged by new data from NS&I's Savings Survey.
Nationwide raises rate on new online savings account
Following a successful pilot of its new online savings account, MySave Online Plus, Nationwide Building Society will increase the bonus for customers making no more than one withdrawal a year, to 1.10% gross p.a., bringing the overall rate paid, including bonus, to 2.60% gross p.a./2.63% AER (variable).