Savings

Nationwide updates e-Savings Plus account

Nationwide Building Society has increased the maximum balance to £3 million on its popular e-Savings Plus account. e-Savings Plus was launched by Nationwide in December 2008 and over 150,000 accounts have already been opened.

Two thirds of Brits don't know savings rates

Despite the serious issue of lack of income in the current environment, and widespread belt-tightening, research by Saga Personal Finance has revealed that Britons are doing little to make the most of their savings, with almost two thirds (61%) admitting to not even knowing the rate of interest on their accounts.

Sainsbury’s new online savings account offering 3.0%

Sainsbury's Finance has announced the launch of a new online savings account paying an attractive rate of 3.0% Gross AER (variable). The new account, called Online Saver, can be opened and managed online.

Brits relying on lottery win to improve finances

In a disturbing reflection of attitudes towards planning and financial literacy in the UK, more than a quarter of Brits are relying on winning the lottery to help improve their financial situation.

Tips on how to get the most out of your savings

As interest rates remain significantly lower than they were a year ago, those of us who are in a position to save may feel reluctant to put our hard earned cash into a low paying savings account.

Barclays Wealth kick-out investment with capital protection

Barclays Wealth is launching FTSE Generator - a new protected investment offering investors full capital protection and the prospect of an early maturity.

Savers warned on bonus rates

In the current low rate environment, many savings providers are offering attractive bonus rates on their savings deals with average bonus rates currently 1.93 per cent, compared to 0.71 per cent two years ago.

Abbey and A&L launch new guaranteed investment products

On Friday 4 September, Abbey and Alliance & Leicester are launching their latest range of guaranteed investment products for savers looking for the security of a capital guarantee with a minimum return, providing they are held for the full term.

Better deal if you change your savings account

Savers who change their variable rate savings account on a regular basis are likely to get a better return than those who stay in the same account due to the fact that inertia and loyalty seem to reward the provider rather than the customer, according to Defaqto.

Saving for a sunny day

Summer is on its way out; as the weather forecast continues to predict rain, new research from Halifax reveals that Brits are saving for a sunny day. The research shows that almost three quarters of Brits (72%) were intending to use their savings to pay for this year's summer holiday.

New millionaire from Suffolk in NS&I September draw

The lady from Suffolk asked to remain anonymous, though said of her win: "This is an exciting win for me and my family, though I have to admit I'm still in a state of shock!

Sainsbury's launches savings account offering 2.8%

Sainsbury's Finance has announced the launch of a new savings account paying an attractive rate of 2.8% Gross AER (variable) for balances of £1 or more. The new account, called Easy Saver, can be opened immediately over the phone. The maximum deposit is £500,000.