Savings
Northern Rock launches new fixed rate bond issue
Northern Rock is launching a new issue of its fixed rate bond, offering a competitive level of interest rate with a minimum deposit of just £1. The account, which offers 2.70% gross*/AER** pa over one year, is available through Northern Rock branches or by post.
Sainsbury's fixed rate savings bonds offer 2.8% and 3.55%
Sainsbury's Finance has launched two new fixed rate savings bonds. The first is a one year bond paying a guaranteed 2.8% AER gross interest. The other is a two year bond paying 3.55%. Investors can deposit between £5,000 and £50,000 into either bond, and both can be opened online or by telephone.
Savings levels plunge as Brits rush to repay debt
As economic reports warn of a double dip recession, Brits are returning to repaying their debts, a behaviour last seen at the beginning of the financial downturn.
The Nottingham launches 2 year savings bond paying 3.75%
With effect from 26th August 2010 The Nottingham has launched a new Fixed Rate 3.75% savings bond with a fixed end date of 2nd September 2012.
New Protected Equity Bond offered by Nationwide
Nationwide Building Society is launching a new six-year Protected Equity Bond, as well as new one and three year Combination Savings Bonds.
Brits dip into savings as inflation continues to bite
A poll on moneysupermarket.com, shows that consumers are having to dip into their savings pots as the UK continues to feel the pinch because of high inflation.
Get top marks for student savings this year
As the dust settles on this summer's batch of A-Level results, those students lucky enough to obtain university places will no doubt have concerns over financing their studies and lifestyle. moneysupermarket.com urges parents and students to be savvy with their money when considering motor and home contents insurance options.
L&G launches third 6 Year Growth Deposit Bond
Legal & General has launched the third plan in its series of 6 year deposit bonds, which offer savers the potential for capital growth linked to the performance of the FTSE 100 Index plus the security of knowing their original capital is protected at the end of the fixed term.
Abbey reports strong take up of medium term fixed rate accounts
Abbey International has reported strong levels of interest in its latest round of medium term fixed rate accounts over both three and five year terms.
Kids support recession hit parents
Almost one in ten (8% with living parents/grandparents) adults have given or leant an average of £8,250 to their parents, according to the fourth annual Scottish Widows Savings and Investment Report.
Parents need to start saving for children's future early
The monthly cost of being a student has risen 28 per cent since 2004, according to analysis by Family Investments, a leading children's saving provider. Full time students now face total living costs of £718 up from £561 in 2004.
Northern Rock launches new fixed rate bond issues
Northern Rock is launching two new issues of its fixed rate bond, offering two levels of interest rate, starting from 3.50% gross p.a. over three years to 4.00% gross p.a. over five years. The accounts are available through Northern Rock branches or by post.
Northern Rock launches new Little Rock Fixed Rate Bond Issue
After the unprecedented popularity of the Little Rock Fixed Rate Bond (Issue 1) earlier this month, Northern Rock has launched a new issue to help children save for their future.
Leeds launch fixed rate savings bonds - with flexibility
Leeds Building Society has launched a new range of fixed rate bonds paying up to 4.00% annually or 3.82% AER monthly, for those customers who require an income. Furthermore, the 2, 3 and 5 year options allow access to 25% of the funds, without notice or penalty, at any time.
Bank base rate increase the only trigger to beat inflation
Inflation figures released today show that the Consumer Price Index (CPI) has fallen to 3.10%, a marginal fall of 0.10% from the previous month but still way above the Government's 2% target.