Savings

Children's savings accounts - go for free gift or interest rate?

The nation's children have not been immune from the low interest rate era with the average child's savings account now paying a gross rate of 1.13% according to independent financial research firm Defaqto.

Royal London 360° launches new savings product ‘Quantum’

Royal London 360° is launching a new regular premium savings product for international investors, called Quantum.

M&S Money issues new Fixed Rate Savings

M&S Money is offering a new Fixed Rate Savings option within the M&S Cash ISA with effect from Tuesday 6th April 2010. The fixed rates are also available outside an ISA.

Play fair on ISAs, say savers

UK savers believe it is unfair for banks and building societies to offer lower rates on ISAs than on other savings accounts, according to research by Clydesdale and Yorkshire Banks.

New 7% bond to appeal to income seekers

The new Provident Financial Corporate Bond offers a generous 7% a year. UK investors can now apply for the Bond online through The Share Centre until 8am on 9 April 2010.

AEGON points to bonds for high earners

AEGON is highlighting two major income tax changes that take effect on 6 April 2010 and affect high earners; especially those who receive an additional income from investment returns.

Entrepreneurs use personal savings to survive recession

Entrepreneurs have pumped in up to £16 billion of their own personal savings to get their businesses through the last year, making this the UK's ‘piggybank recession', according to new research.

A quarter of savers don't know their ISA rate

A quarter of savers don't know the interest rate their Cash ISA is paying, according to research by The Co-operative Financial Services (CFS). And, with 92% of ISA savers choosing a cash option, the figures show a worrying trend.

Savings balances increase at mutuals in February

Balances held in savings accounts at mutual institutions increased by £807 million in February compared to reduction in balances of £467 million in January.

Brits cut back as recession continues to bite

The vast majority of Britons are still continuing to cut back on their outgoings, according to new research for Santander Current Accounts, with the recent emphasis on shopping around for good deal on groceries, switching off lights and electrical items, and starting a culture of ‘make do and mend'.

Mums want nest eggs, not Easter eggs

As the UK's children gear up to gorge themselves on an average five Easter eggs each, research from money.co.uk has revealed that the nation's mums would prefer friends and family to give cash instead of confectionary.

Savers still out in the cold despite inflation falling in February

With the Bank of England announcing that CPI fell in February, savers might be thinking that there are green shoots of recovery on the horizon, but analysis from the UK's number one comparison site, moneysupermarket.com shows that no easy access savings account currently pays enough interest to offset the effects of inflation and taxation.