Savings
Bank of Nan and Grandads’ billions for student grandchildren
The Bank of Mum and Dad is fast becoming the Bank of Nan and Grandad – after a poll revealed that Britain’s over 50s plan to give their grandchildren £16.7 billion for their university costs.
Leeds Building Society to withdraw 10 year bond after strong demand
Leeds Building Society will withdraw its long-term monthly income bond with effect from close of business on Thursday, 14th August, after seeing strong demand for the unique product.
Paragon extends range with New Notice Account
Building on Paragon Bank’s initial range of easy access and fixed rate savings accounts, the new Notice Savings Account represents an attractive choice for savers looking to maintain flexibility to respond to changes in the wider interest rate environment.
Almost 40% still aren’t saving money each month
The latest Lloyds Bank Savings Index shows a stable picture for the nation’s savers, yet despite the widely publicised upturn in the economy, many still aren’t able to save each month.
Helping your kids save and prepare for the time of their life
To help with any features you are writing on students and gap years, here are some top tips from Julie Hutchinson, Family Finance Expert at Standard Life, on saving and preparing for your teen’s big trip.
Average UK household savings fall behind other economies
UK households have fallen behind other European households when it comes to the amount they could be saving each year – slipping behind both Spain and Italy and only just ahead of Portugal, according to the Post Office’s Future of Savings Study.
Leeds Building Society offers savers 10 year bond paying 4%
Leeds Building Society has launched a long-term fixed rate monthly income bond with a best buy return of 4% (4.07% gross AER).
Children feeling short changed as pocket money falls
Despite increasing news coverage of the recovering economy, it appears children are not experiencing any green shoots, as the amount of pocket money parents are giving their children has dropped in the past year.
A simple switch to boost your interest
Savers who open a One Year Fixed Rate Savings Account with Paragon Bank could earn more than six times the interest available on poorly performing Easy Access accounts elsewhere.
NS&I increases prize fund rate for Premium Bonds
Following the announcement in the 2014 Budget that NS&I would help support savers by increasing the Premium Bonds investment limit to £40,000, and increase the number of £1 million prizes from one to two, NS&I has announced that the Premium Bonds annual prize fund rate will increase from 1.30% to 1.35% from 1 August 2014.
Saga two year fixed rate savings account paying 2.10%
Saga Savings has announced the issue of the new Saga 2 Year Fixed Rate Savings Account, rewarding savers who deposit a minimum balance of £1 up to £10m with an attractive 2.10% GROSS / AER fixed with interest paid annually.
Rising holiday costs see savings raided
Savers are withdrawing, on average, over double the amount that is being paid in to their savings account, as the cost of paying for summer holidays takes its toll, says the latest research from Halifax.
New one year fixed rate savings account from Paragon Bank
Paragon Bank is offering a One Year Fixed Rate Savings Account at 1.75% AER to new customers, representing a competitive choice for savers looking to lock in their money for the next 12 months.
Optimistic outlook as Britons feel positive about their ability to save
The current savings outlook for Great Britain is more positive than spring last year, with NS&I’s Quarterly Savings Survey showing a 2 percentage point increase in the proportion of people who feel they are more likely to save over the next three months (spring 2014 18%; spring 2013 16%).
Homeowners boost the household budget by going ‘green’
Nine out of ten (90%) homeowners are concerned with saving energy in the home, with half (50%) saying this concern is primarily for money saving reasons, according to M&S Bank research.