Savings
A red Christmas for 30 million Brits
Almost three quarters (71%) of Brits will pay for Christmas on the ‘right now' this year, despite the effect of recession on household budgets according to a study commissioned by money.co.uk.
Brits to spend savings on Christmas
Brits will use £3.45 billion pounds of their savings this year to help cover their Christmas spending, with a third of us (32 per cent) planning to use 9 per cent of this year's savings - an average of £221 each, according to figures from Abbey Savings.
Nationwide offers issue 13 L&G Guaranteed Equity Bond
From Monday 30 November 2009, Nationwide Building Society will offer Issue 13 of the Legal & General (L&G) Capital Guaranteed Multi-Index Equity Bond (GEB).
Aviva adds funds to investment bond and pensions
Aviva is to add funds from leading fund managers to the Portfolio investment bond and pensions range.
Co-operative three-year fixed rate bond paying 5%
With only a month until Christmas, The Co-operative Financial Services (CFS) has launched a Christmas cracker - a market-leading three-year bond with a fixed rate of 5%.
Ascentric 30 day Notice Account from Investec Private Bank
Independent wrap Ascentric has announced the launch of a 30 day Notice Account on its platform. The deposit account is provided exclusively for Ascentric users by Investec Private Bank.
Sainsbury's Easy Saver to pay 2% over base for 12 months
Only one in six (17%) easy access savings accounts offer a rate guarantee, according to research from Sainsbury's Finance. Furthermore, only 5% (24 accounts) promise to pay a rate above the Bank of England bank rate.
JPMAM launches online wealth management service
J.P. Morgan Asset Management has launched an online wealth management service called WealthManager+, which will offer investors direct access to a wide range of OEICs, investment trusts, SICAVs and a large range of UK equities and bonds, as well as a range of unique financial education and planning tools.
Recession depletes UK’s retirement finances
Thirty five per cent of UK consumers believe their retirement funds have been depleted by the recession, forcing them to look for additional ways to supplement their retirement income, according to research from Aviva – UK insurer with 7 million life and pensions customers.
Skipton International launches two new fixed rate bonds
Two new fixed rate bonds have been launched by Skipton International offering customers competitive rates of interest over six and twelve month terms.
Scottish Widows launch enhancements to Retirement Account
Scottish Widows has launched the Fixed Term Cash Deposit (FTCD), as an enhancement to its award-winning Retirement Account.
NS&I update Guaranteed Growth and Income Bond ranges
NS&I have announced changes to its Guaranteed Growth Bonds and Guaranteed Income Bonds. With immediate effect the 1 and 2-year Issues of these Bonds are no longer on sale.
London Stock Exchange to launch new retail bond market
The London Stock Exchange has announced that it will introduce a new order-driven trading service for bonds.This new electronic order book will be available for a select number of gilts and UK corporate bonds and will offer private investors with an on-screen secondary market in London-listed debt securities for the first time.
Ensure your savings are inflation proof
Inflation rates have increased for the first time since February this year; moneysupermarket.com warns savers to make sure their savings work hard for them by checking their savings products' rates do not get eaten away by inflation.
Brits spending and saving habits
Following the unveiling of last week's biggest ever UK lottery winners, new research from The Co-operative Bank Current Accounts reveals the nation's current attitudes to money.