Savings

How to save money on home insurance policies

According to independent financial research company Defaqto there are a number of ways that you can reduce the cost of your buildings and contents insurance without compromising on the cover.

Competition hots up in fixed rate savings bonds market

Since March, the average rate across fixed rate bonds has dropped by 0.35 per cent, according to analysis by Britain's number one comparison site moneysupermarket.com.

NS&I axe Savings Certificates and cut rates – a blow for savers

Andrew Hagger of Moneynet.co.uk comments on the product changes announced by NS&I today.

NS&I reduces savings rates

NS&I today (19 July 2010) announced that its Savings Certificates (both Fixed Interest Savings Certificates and Index-linked Savings Certificates, also known as Inflation-Beating Savings) have been withdrawn from general sale and that it is reducing the interest rates paid on its Direct Saver and Income Bonds by 0.25% with immediate effect.

Savers get flexibility with Post Office Reward Saver account

The Post Office Reward Saver account offers a competitive 2.5% AER variable rate. The Reward Saver reflects the need for greater flexibility within savings accounts by offering savers two withdrawal options, depending on how quickly they want to access their money.

Inflation falls slightly but so do savings rates

Inflation figures released today show that the Consumer Price Index (CPI) has fallen marginally to 3.20%, still way above the Government's 2% target.

Fixed rate bonds with access from Leeds Building Society

Leeds Building Society has launched a new range of fixed rate bonds paying up to 4.50% annually or 4.34% AER monthly, for those customers who require an income. Furthermore, all of the bonds allow access to 25% of the funds, without notice or penalty, at any time.

Access ISA added to AA savings stable

The AA has launched a new instant-access Cash ISA offering 2.70% AER (variable), including a 1% bonus for the first 12 months.

Brits raid savings pots dry

Brits are increasingly raiding their saving pots, according to research from the Birmingham Midshires. Brits have shed the saving pounds with two in five British adults (38%) confessing to raiding their savings during the three months to July 2010.

More interest rate rises from Abbey International

Abbey International has announced that sterling interest rates on its popular 18 month fixed rate contracts are to be increased to 3.25% gross (3.22%AER), giving an effective rate of 4.87% over the 18 month term of the account with immediate effect.

Re-investors will see income fall off a ‘savings precipice’

With more than 5.5 million fixed rate products worth over £110 billion maturing in 2010 - the largest number maturing in July (581,044) - HSBC warns investors that with savings rates languishing at historic lows, many UK "re-investors" will see their investment income fall off a ‘savings precipice' this year.