Savings

Brits saving less in 2010

The average person in the UK has less savings now than they did at the start of 2010 – showing just how much the hard economic times are still hitting the pocket.

Savers rush to utilise ISA limits, despite rates remaining low

The new tax year has only just begun and consumers have the chance to benefit from another year's ISA allowance. From April 6th 2010 consumers have been given an increased ISA limit of £10,200; £5,100 of which can be invested in a cash ISA.

Savers still suffering from high inflation rates

With The Bank of England announcing that both CPI and RPI rose sharply in March, savers are being squeezed further as interest rates remain low.

Jump in inflation punishes savers

Inflation figures released today show that the Consumer Price Index (CPI) has increased by more than expected to 3.40%.

Not so charitable; average charity savings rate just 0.38%

Charitable donations fell by £1.3billion (11%) last year, but instead of helping charities make the most of the money they do have, savings providers are offering an average of just 0.38% interest on charity savings accounts.

Double woe for savers

Andrew Hagger of Moneynet.co.uk looks at the latest inflation figures and how the position for longer term savers has worsened over the last 6 months.

Legal & General launches new Capital Control Bond

Legal & General has announced the launch of a new With Profits bond that includes 5 and 10 year guarantee options - the Capital Control Bond is available from the beginning of April.

Leeds fixed rate savings bonds paying up to 4% with 50% access

Leeds Building Society has launched a new range of fixed rate savings bonds, available over 3 or 5 years, that guarantee to pay a competitive return of up to 4.00% gross p.a./AER.These products also offer full, instant access to 50% of the initial capital invested, which is unique in the market, and the minimum balance is only £100.

HSBC adds leading global funds to Onshore Investment Bond

HSBC Life announced that they have made available a range of international SICAV funds within the HSBC Onshore Investment Bond, including funds from Aviva, Barings, Fidelity, JP Morgan and Pictet.

Threadneedle emerging market corporate bonds strategy

Threadneedle, who has a total AUM of £8bn in emerging markets, has launched a new investment strategy via the Threadneedle (Lux) Emerging Market Corporate Bonds Fund.

More people thinking of saving for a pension

The number of people who say they're saving for a pension has shown a significant rise compared to this time last year, according to figures in the latest MoneyMood Survey from Legal & General.

Regular savers roar to life during ISA season

March saw a three-point uplift in the Nationwide Savings Index, following on from the previous month's six-point rise. A three percentage point increase in the frequency of regular saving (51% from 48%) played a part in this latest increase and the timing may not be a surprise given that March is in the midst of the busy ‘ISA season'.