Savings
New Fixed Rate Escalator Bond paying up to 6%
Leeds Building Society has launched a 5-year Fixed Rate Escalator Bond paying a market leading rate of 6% in year 5. The account allows unlimited access to 25% of the initial capital invested at any time without notice or penalty.
Lloyds TSB increases monthly saver rate to 5 per cent
From today, Lloyds TSB will be increasing the rate on its popular Monthly Saver account to 5 per cent.
Which? accuses building society of coaxing savers into risk
Which? has criticised West Bromwich Building Society for encouraging savers to start investing at the Financial Services Compensation Scheme's (FSCS) £50,000 limit.
Skipton FS offers fixed rate bond paying up to 3.95%
At a time when UK savers are being forced to sacrifice either access to their cash or a competitive rate of interest, Skipton Financial Services has come to the rescue.
Demand hotting up for two-year fixed-rate bond offering 4.35%
The Nottingham's new limited issue fixed-rate savings bond is still available - but demand for the Society's latest market-leading ‘best buy' product is hotting up!
T. Bailey: NS&I income bond rate increase
Philippa Gee, Head of Marketing & Communications, at T. Bailey comments: NS&I have just announced an increase in interest rates on its income bonds, effectively doubling the rate for those investing more than £25,000.
NS&I increases interest rate on its income bonds
NS&I (National Savings and Investments) is increasing the interest rates on its Income Bonds by 1%. The revised interest rates will come into effect from 20 May 2009 for Income Bond customers.
Average amount Brits save each month is £120
British savers are currently managing to put aside an average of £120 each month, £43 less than the average three months ago, according to research by Abbey Savings, as part of its Quarterly Savings Snapshot. This is the second of a series of profiles capturing the savings status of the nation in 2009.
Double boost for savers with lower CPI and higher fixed rates
Now that CPI has fallen from 2.9% in March to 2.3% in April, savers, whether they be basic or higher rate taxpayers will at last be to able find an account where they can preserve the spending power of their nest egg.
Low savings rates but real returns continue to climb
Savings rates look to have ended their freefall, with the average no notice rate hovering around 0.65%, marginally above bank base rate.
Savers show flash of optimism
The Nationwide Savings Index improves slightly as consumers feel brighter about the economy.
Saga Personal Finance offers more to savers
Saga Personal Finance has announced that it is increasing its choice of fixed rate saving accounts to include two new highly attractive and competitive products for the over 50s.
Women save 17% more in proportion to their earnings
Female savers in the UK have average balances equivalent to almost 40% of their average annual gross earnings, whilst men have an average balance of just 23% of their earnings, according to the latest Halifax Savings Report.
Saga Personal Finance offers more to savers
Saga Personal Finance has announced that it is increasing its choice of fixed rate saving accounts to include two new highly attractive and competitive products for the over 50s.
IMA calls for reform of sterling corporate bond market
Following publication of an IMA-commissioned report, The Impact of the Credit Crunch on the Sterling Corporate Bond Market, the IMA has today published a position paper urging further action by regulators and market participants on reforms to promote a well functioning sterling corporate bond market.