Savings

Skipton International raises rate on 2 year bond

Skipton International Limited has restructured its fixed rate bond range, increasing the interest rate on its 2 year product and launching a further offering of the 12 month account. The 6 month bond has now been withdrawn.

Northern Rock offers new children's account

Following the successful introduction of the Little Rock Instant Access Account in April 2010, Northern Rock has added a new member to its family of children’s savings accounts.

New retirement playing field could cost savers

The Government's consultation process looking at scrapping the Default Retirement Age (DRA) for the UK workforce provides a welcome reminder for savers in the UK to start planning ahead for their financial future or face working into their seventies.

Coventry launches 2 year tracker savings bond

Coventry Building Society is launching a new Bank of England Base Rate tracker bond that is guaranteed to pay at least 3.20% AER/Gross p.a until 30.09.12.

Barnsley launches four year savings bond

Barnsley Building Society has launched a new four year bond with a market leading rate of 4.25% gross AER (3.40% net).

Santander rewards customers with Loyalty Tracker Bond

Santander can confirm the launch on the 2nd August 2010 of a new competitive product, Loyalty Tracker Bond (issue 1), paying 3.00 per cent gross AER and tracking 2.50% above the Bank of England base rate until 1 September 2011, available for customers that have their main current account, mortgage or investment account with Santander or open a new current account and switch through the Account Transfer Service.

Big surge in tied products

The proportion of mortgages and regular savings accounts that are only available for people who have another product with the same provider has increased dramatically since the beginning of 2010, discouraging consumers from shopping around to get the best deals, finds new research from the experts at Which? Money.

Savers kept in the dark about rate changes, finds Which?

Many savings providers fail to keep their customers informed about important changes to interest rates on their accounts, according to new research from the experts at Which? Money.

Savers urged to check interest rates regularly

UK savers could be missing out on a massive £9.4 billion a year by failing to check the interest rate paid on their savings account and switching to a better deal. moneysupermarket.com, urges all savers to check their rates regularly and take action to ensure their money is working as hard as possible for them.

Santander increases rate on eSaver issue 2

Santander has increased the rate on its eSaver issue 2 for new and existing customers. The account will now pay a highly competitive 2.75 per cent gross/AER with a minimum opening balance of £1 and penalty free instant access available online. The account offers great value for savers looking for a competitive rate without restriction.

UK savers bank on their phones to save a pretty penny

Over half (51%) of Brits never leave home without their mobile phone with 44% claiming they couldn't live without it, according to research from BM Savings. In fact, a quarter (26%) of Brits confessed they would worry they would miss a call if they forgot their mobile.