Savings
Coventry Building Society re-launches 50 Plus eSave
Coventry Building Society has re-launched its highly successful 50 Plus eSave account. The new 50 Plus eSave account pays a best buy rate of 3.25% (AER/gross pa) which is fixed for 12 months from the date of individual account opening and allows unlimited, penalty free access.
Alliance & Leicester launches Online Saver 5 paying 3.15%
Alliance & Leicester launches Online Saver Issue 5 paying a market leading 3.15 per cent gross AER. With a minimum balance of just £1 and penalty free access available online, this account is ideal for savers looking for a great rate without any restrictions.
Easy access savings market hots up
Easy access savings accounts have been the poor relation for some time now, with providers having been focusing on fixed rates and Cash ISAs this year, according to moneysupermarket.com.
HSBC launches new onshore investment bond
In a significant new venture for the IFA market, HSBC has launched an innovative investment bond with open architecture investment choice. The Onshore Investment Bond offers whole of market choice with almost 2000 funds - OIECs and Unit Trusts - from over 100 fund managers.
New millionaire from Lancashire in July's NS&I jackpot draw
In Lancashire, just over 510,500 people hold Premium Bonds worth over £890 million. There are over 10,300 unclaimed Premium Bond prizes in total worth over £604,550. This is the 11th time that the £1 million jackpot has been won in Lancashire.
King Shaves Shaving Bond
Commenting on the launch of the King Shaves "Shaving Bond", Kevin Mountford, head of banking at moneysupermarket.com, said: "Savers who spot the new "Shaving Bond" with a six per cent annual return would be forgiven for thinking it's a normal savings bond, albeit with a quirky name and novelty tagline.
New Guaranteed Equity Bond from NS&I
NS&I (National Savings and Investments) is launching a new issue of its Guaranteed Equity Bond (GEB) on 30 June 2009. This will offer a potential return that is linked to the FTSE 100 index - up to a maximum of 40% over the 5-year term - without any risk to investors' capital.
Brits rather sacrifice savings than make lifestyle cutbacks
Meeting the cost of a comfortable lifestyle is a bigger financial concern than dwindling savings for the nation, with 6.7 million people happy to raid their savings and investments to cover day-to-day outgoings, according to a study by LV=.
Sainsbury's new Internet Saver offer rate of 2.8%
Sainsbury's Finance has announced a new Internet Saver special offer that will pay a rate of 2.8% Gross AER (variable) to customers opening an account with deposit balances from £1,000 up to £500,000.
Generous over 50s saving for grandchildren
Despite the difficult economic climate 1.8 million grandparents (13%) are putting money aside for their grandchildren, research from Saga Savings reveals.
Savings reach record high in spring 2009
This spring, the amount the population is saving is higher than ever recorded in NS&I's Quarterly Savings Survey - which has been running for almost five years.
Newcastle introduces new 4.40% E-Bond offering
Newcastle Building Society has cast a ray of sunshine for savers this summer with the launch of its latest fixed rate E-Bond offering a ‘Best Buy’ annual rate of 4.40% Gross/AER over three years.
Savers benefit while borrowers suffer
As the cost of fixed rate mortgages continues to rise, so do the rates on fixed rate bonds as providers look to their savings book for funding rather than the money markets.
Nationwide announces new savings bonds rates
Nationwide Building Society has announced details of a new range of Fixed Rate Bonds and e-Bonds, including a new 18 month bond, which all offer a guaranteed return for savers.
Great new internet saver rates, but note bonus period
Andrew Hagger of Moneynet.co.uk looks at the internet savings accounts launched this week and warns consumers to monitor the bonus element of the rate.