Savings
Bonus rates give savers more bang for their buck
Savers are benefiting from the number of easy access savings accounts that are paying bonuses to inflate the headline rates, according to research from moneysupermarket.com.
Children's savings need to be improved
George Ladds, Head of Investment and Pension Research at Fair Investment Company sees the demise of the child trust fund as a positive step, calls for a "fair and transparent tax efficient environment" for people to invest for children and urges the Government to consider a children's ISA.
Sainsbury's Finance two-year fixed rate savings account
Sainsbury's Finance has launched a two-year fixed rate savings account paying 3.55% Gross AER. The Fixed Rate Saver is available for balances from £5,000 to £50,000 and can be opened via online and telephone channels.
Savings balances increase at mutuals in April
Balances held in savings accounts at mutual institutions increased by £929 million in April compared to an increase of £534 million in March. After interest credited to accounts is excluded, mutuals had a net receipt of £537 million in April.
Skipton re-issues 6 and 12 month sterling offshore fixed rate bonds
Skipton International is offering a new opportunity to invest in their popular 6 and 12 month sterling offshore fixed rate bonds. Both products also offer monthly interest.
Skipton International offers new 40 day notice account
Skipton International, the Guernsey based savings and local mortgage specialist, has launched a new variable rate savings account targeting both offshore individual savers and business deposit accounts with interest rates of up to 2.10% gross/AER.
Skipton issues new 2 year fixed rate international bond
Skipton International is offering a further issue of its two year fixed rate international bond. The 2 year bond pays 3.10 gross AER, with interest payment on 30 June 2011 and again on maturity on 30 June 2012.
Bank of Scotland Instant Access Savings Account Reward
Bank of Scotland has announced the launch of a new limited edition Instant Access Savings Account Reward (IASA Reward). This offer runs from 1st June.
A&L increases rate on Online Saver Issue 7
From today Alliance & Leicester has increased the rate on its Online Saver Issue 7 for new and existing customers. The account will now pay a highly competitive 2.81 per cent gross/AER with a minimum opening balance of £1,000 and penalty free instant access available online.
CGT changes could affect millions of long-term savers
Millions of average long-term savers could be dragged into the CGT net if the government's tax changes include significantly reducing the tax-free allowance, analysis from Fidelity International shows.
New fixed rate bonds launched by offshore savings bank
AIB Jersey & Isle of Man has launched the latest versions of its 6 month and 12 month Fixed Rate Bonds, available to savers from 24 May 2010 in sterling, euro and US dollar.
Calls for action to rebuild Britain’s savings culture
The Association of Independent Financial Advisers (AIFA), working with AEGON UK, the leading life assurance and pensions company, urge the new Government to take steps to rebuild Britain's savings culture.
Bond with the Newcastle
As many economists predict the Bank of England Base Rate will stay low for the foreseeable future, the popularity of longer-term savings products, such as Bonds, are expected to rise.
Leeds launch unlimited access Albion account online
Leeds Building Society has launched a simple, straightforward Albion Web Saver account that provides customers with a great rate of interest up to 2.25%, combined with unlimited penalty free access to their money at any time. Furthermore, there are no short term bonuses.
Egg Internet savings interest rate increase
From 26 May 2010, the Egg Internet savings account will have a rate of 2.80% gross pa/AER variable (includes a 12 month fixed bonus rate of 2.30% gross pa/AER and an underlying rate of 0.5% gross pa/AER variable).