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Savings

Average saver puts £219 away each month

The average saver is putting away £219 each month, an increase of more than one third (34 per cent) from 12 months ago when it was £163 per month, according to research from Santander Savings.

Women more in the mood to save

The mood of the nation now is definitely one of saving (61 per cent) rather than spending (26 per cent), according to the first Legal & General MoneyMood Survey of 2010. But there is a marked difference in the responses from women and men.

Make better use of savings with an offset mortgage

With just 33% of Cash ISAs offering a rate above 3%, changing to an offset mortgage may help you make better use of your savings and reduce the interest charged on your mortgage advises Defaqto.

ISA countdown - 1.5 million savers could miss out

Savers have just 9 working days left to make use of this year's ISA allowance, warn Clydesdale and Yorkshire Banks.

Men rate their financial IQ more highly than women

When it comes to their financial intelligence, more men rate themselves as financially savvy than women, according to research from Scottish Widows.

Recession teaches children tough lessons about money

Children have been strongly impacted by the recession, according to research from YouGov commissioned by HSBC and the Personal Finance Education Group (pfeg).

Offset your mortgage as a good alternative to poor savings rates

The Retail Prices Index (RPI) measure of inflation hit 3.7 per cent in January, and when combined with a historically low base rate of 0.5 per cent, this has left consumers with very few opportunities to gain any real return on their savings.

NS&I Inflation Beating Savings new Issues

NS&I (National Savings and Investments) is releasing new Issues of its Inflation-Beating Savings (also known as Index-linked Savings Certificates).

Norwich & Peterborough E-Bond pays 3.05 per cent

N&P (Norwich & Peterborough Building Society) has announced the launch of its new 6 Month E-Bond, and an increase in the rate on its 1 Year E-Bond.

Switch onto mobile savings

Consumers could save significant amounts of money* every year by switching to the best mobile package for their needs, new figures show.

Skipton International launches new 1 year fixed rate bond

A new one year bond has been launched by Skipton International offering customers a fixed interest rate return over twelve months.

Cash is still king, says one in four investors

More than half of investors have most of their money invested in cash, and 25% are planning to continue to invest their money in cash based investment products, according to research from Fair Investment Company.

NS&I launches new savings account

NS&I (National Savings and Investments) has launched its Direct Saver, a new savings account offering customers an easy way of managing their savings.

Northern Rock boosts savings bonds rates

Following the recent announcement that the 100% state guarantee on Northern Rock savings balances would end on May 24th, it was interesting to see the bank increasing rates on its one and two year fixed rate bonds late last week.

Barclays ISA deal hits top two spot

Andrew Hagger of Moneynet.co.uk looks at the latest developments in the savings market. For the fourth year in succession, the ISA offering from Barclays is riding high in the best buy charts.