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Savings | Finance

New Stepped Rate Bond from Nationwide

Nationwide Building Society has announced details of its new four year Stepped Rate Bond, which will be available from Friday 6 November 2009.

New Principality two-year bond offers guaranteed 4.25%

Although the Bank of England interest rate has remained at a record low for another month, savers can still find a great home for their cash with the launch of Principality Building Society's new two-year fixed rate bond offering a guaranteed 4.25% AER.

NS&I provides financial education on the high street

NS&I is increasing its efforts to help the British public get control of their finances by providing free personal finance guides through its marketing partnership with WHSmith. The guides are now available in over 300 stores across the UK. Topics covered include: ‘Kids and money', ‘Retirement', ‘Later life' and ‘Bereavement'. The range of guides also covers NS&I's product range, managing money securely with NS&I when saving online and by phone, and Premium Bonds.

Scots must return to traditional values of thrift and prudence

A major study of Scottish savings habits conducted for leading pensions company AEGON by independent pensions expert Stewart Ritchie, OBE, has found evidence of worryingly low levels of short-term saving, even in higher income groups. More than four out of ten households (42%) have no savings or investments and the figure is almost a quarter (23%) even in households earning over £30,000 a year.

Cheshire BS unveils new postal account

The 30 Day Postal Saver Account offers a bonus rate of 3.00% gross p.a./AER including conditional bonus (variable) on a minimum deposit of £1,000 for the first 12 months providing a minimum balance of £1,000 is maintained and no more than four withdrawals are made during the first year. Should the bonus conditions not be met, a fixed rate of 0.10% gross p.a/AER is payable for the lifetime of the account.

New Poppy Bond from the Coventry

Coventry Building Society is delighted to announce the return of its innovative Poppy Bond, which raised almost £1.6m for the Royal British Legion when first issued in 2008.

New Protected Capital Account now available from Zurich

Available immediately, but only until 20 November 2009, the Zurich Protected Capital Account 2 (PCA 2) which runs for five years, offers intermediaries and their clients the potential to benefit from the growth of 15 of the largest companies from the FTSE 100 index whilst protecting the client's original capital investment.

New issue of NS&I fixed rate bonds great for customers

Andrew Hagger of Moneynet.co.uk looks at the latest savings bond rates from National Savings and Investments launched today.

NS&I Guaranteed Growth Bonds and Guaranteed Income Bonds

NS&I (National Savings and Investments) is releasing new Issues of its Guaranteed Growth Bonds and Guaranteed Income Bonds with rates up to 4.60% AER with immediate effect.

Do it at home and save money, say in-tertainers

They say that home is where the heart is, but during the recession it's where the head is too - according to new research by Abbey Savings.

Santander's UK savings brands new two year fixed rate bond

From today, Thursday 22 October, Abbey, Alliance & Leicester and Bradford & Bingley Savings are launching a new two year fixed rate bond paying a highly competitive 4.00 per cent gross/AER.

Building societies offer most consistent savings accounts

October 2009's Moneyfacts Consistency Survey has once again seen building societies dominating the results. Today, building societies offer customers 77% of the most consistent savings accounts in the marketplace.

Internet Saver Account from Scottish Widows Bank

Scottish Widows Bank has launched a new Internet Saver Account for personal funds. This new online account has a competitive variable interest rate of 3.01% Gross/AER, which includes a 1.00% bonus for the first 12 months.

Building Societies launch new monthly savings account

The Cheshire, Derbyshire and Dunfermline Building Societies have launched a new account designed to give savers a great rate of interest with the flexibility of choosing how much they want to invest each month.

NS&I makes changes to its fixed rate bond range

NS&I and the Post Office have announced changes to the way customers can invest in NS&I's Guaranteed Growth Bonds and Guaranteed Income Bonds.

Nationwide Savings Index bounces back

All four of the Nationwide Savings indices have bounced back, following last month's falls. The Savings Index is now at its highest level since November 2008.

Who wants to be a millionaire? Our kids do

Over half of UK kids (51%) think they'll be a millionaire one day according to a survey of 3,000 six to ten-year-olds by Tesco Savings.

Don't be caught cold when your fixed rate bond matures

Fixed rate bonds are a great way for savers with a lump sum to generate a good level of return in this low rate environment. However, once these bonds mature, providers will often shift money into a standard easy access savings account, so it's vital to keep an eye on your money and act when your original deal comes to an end.

Watch out for savings rate shavings

Despite the base rate remaining static for six consecutive months, the latest market analysis from uSwitch.com reveals that savings providers are still intent on cutting rates across their product ranges. In the last month alone, 27 products have had their rates shaved by an average of 0.33% or up to 3%, in a move to safeguard profit margins.

New Internet savings account from AA Savings

AA Savings launches a new easy access, Internet savings account today (Thursday 8th October) offering up to 3.30% gross pa/AER: Internet Extra.

Chelsea launches Refreshingly Traditional savings range

Despite this being one of the most punishing years ever for savers, the majority do not find the time to check rates and manage their finances, according to new research on behalf of Chelsea Building Society.

Principality 4 year fixed rate savings bond paying 5.10% AER

Savers can maximise their savings with a guaranteed 5.10% AER return on their cash with Principality Building Society's new 4 year fixed rate bond.

Saga two year fixed rate bond launches

Paul Green, head of communications, Saga Personal Finance, comments on cash ISA rates for the over 50s: "Saga agrees that it is unacceptable for ISA providers to offer lower rates on products for over 50s than they offer on their standard ISA accounts. Many over 50s rely on the income from their savings in order to help fund their retirement. Our two year fixed rate bond, launched today, pays a market leading 3.85% AER on balances over £30k and a very competitive 2.5%AER on balances under £30k. All our savings products offer the option of monthly income as we know this is what many of our customers want."

Abbey and A&L launch new guaranteed investment products

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.

Couples stay cool about cash

New research from NS&I's (National Savings and Investments) Quarterly Savings Survey reveals that couples are open about their finances. 81% of Britons say they never argue about money with their partner.

Barnsley Building Society new Online Saver rate

Savers looking for a great return on their cash without locking it away in a fixed-term account can earn 3.00% gross (2.50% plus 0.5% bonus) from Friday 2nd October with the Online Saver account from Barnsley Building Society.

Monmouthshire BS praised for savings consistency

Monmouthshire Building Society, one of Wales’ largest and most successful institutions, has been recognised by Moneysupermarket.com as providing the UK’s ‘most consistent’ Cash ISA, generating the best returns over a 3 year period.

Sainsbury's increases Online Saver account rate

Sainsbury's Finance has increased the interest rate on its new Online Saver account from 3.0% gross AER (variable) to 3.2% gross AER (variable) from Friday 2nd October. The account can be opened and managed online.

Trust in banks dives as savers seek new homes for cash

Consumer trust in banks has eroded dramatically in the past year as the spate of financial crises and the continued economic downturn take their toll on customer confidence, according to retirement income specialists, MGM Advantage.

Leeds Building Society offers Euro accounts

Leeds Building Society will be the first UK building society to offer Gibraltarians and UK expatriates living in Spain and Gibraltar a range of Euro savings accounts from 28th September 2009.

Leeds online easy access account paying 3.05%

Leeds Building Society has re-launched its easy access online account paying a market leading variable rate of 3.05%. Furthermore, the online account also allows unlimited withdrawals at any time, without notice or penalty.

Principality 5 year fixed rate savings bond paying 5.30%

Principality Building Society has replaced its 5 year fixed rate bond Issue 149 with a new Issue 150, paying a market-leading rate of 5.30% AER.

YBS 5 year bond will pay out over £1,300 in extra interest

Picking a top paying 5 year bond rather than choosing an average offering could mean gaining £1,324 in additional interest over the term of the product. In real terms this additional interest could pay for an all inclusive Mediterranean Cruise for 2 people.

B&B new online notice account & fixed rate ISA

This week Bradford & Bingley Savings has launched two fantastic new accounts for both new and existing customers.

New fixed rate Online Bond from Barnsley Building Society

Barnsley Building Society has increased the rate on its 3 year fixed rate Online Bond which is now paying a market-leading 4.70%.

M&S Money issues new Fixed Rate Savings option

M&S Money is offering a new Fixed Rate Savings option with effect from 1st October 2009. The guaranteed interest rates are available over 1, 2 and 3 years at up to 4.00% AER/gross.

Barclays fixed rate savings bonds paying up to 5.25%

Providers target savers willing to lock money away

Banks and building societies are continuing to target savers willing to lock their money away in a fixed rate bond, a move that appears to be paying off.

moneysupermarket.com: Rise in premium bonds prize pool

Commenting on the rise in the premium bonds prize pool, Kevin Mountford, head of banking at moneysupermarket.com, said: "Whilst there are some increasingly attractive savings deals topping best buy tables at the moment, particularly in the fixed rate bonds market, many people will be looking for alternative places to keep their cash savings, and premium bonds are an interesting option.

Number of Brits not saving money rises

The average saver has increased the amount they put away each month by over a quarter (26 per cent) since the beginning of 2009 but the number of Britons who aren't saving anything has also risen, new ‘Snapshot' research from Abbey Savings has revealed.

NS&I increases premium bonds prize fund rate

NS&I has announced that it is increasing the Premium Bonds prize fund rate to 1.5% from the October 2009 prize draw onwards. The odds of winning are also improving from 36,000 to 1 to 24,000 to 1, estimated to create an extra 500,000 Premium Bond prizes to be distributed in the monthly draw - with over 1.7 million tax-free prizes now set to be awarded next month.

Citi launches new Flexible Saver Account

Citi is to launch a new Citibank Flexible Saver Account (Issue 6) paying 3.30% AER / 3.25% gross p.a. variable, including an introductory fixed bonus rate of 2.25% gross p.a. for the first 12 months.

New fixed rate savings bonds from YBS

Yorkshire Building Society is launching new 3 and 5 year fixed rate savings bonds, which will be available through its branch and agency network, online and via the Yorkshire's new telephone channel from Wednesday 16th September. The minimum investment for both products is just £100.

Principality increases interest rates on fixed rate bonds

Principality Building Society has increased the interest rates of four of its popular fixed-rate bonds. The rate increase reinforces the building society’s commitment to offering great interest rates via products to suit all savings needs, with a line-up of fixed-rate bonds with terms ranging from six months to five years.

Savers turn back on property

While property values remain uncertain, the third annual Scottish Widows Savings and Investment Report reveals that the nation's view of investing in property has been impacted by the unprecedented economic environment in last couple of years. However , investors' actions do not necessarily mirror their sentiments.

Bradford & Bingley fixed rate savings bond paying 4.35%

YBS new 18 month fixed rate savings bond

Yorkshire Building Society is today launching a new 18 month fixed rate bond which can be opened either online or by telephone paying interest at 3% gross/AER.

Coventry launches new 1st Class Postal savings account

Coventry Building Society has launched a second issue of its 1st Class Postal account, offering a competitive rate for savers together with the convenience of easy postal access.

Zurich launches new Guaranteed Account

Available immediately, the Zurich Guaranteed Capital Account 10 (ZGA 10) which runs for five years, offers intermediaries and their clients the potential to benefit from any increase in the value of the FTSE 100 index whilst protecting their clients' original capital investment.

Is Britain a nation of pessimists?

As Financial Planning Week launches in the UK, new research from Scottish Widows reveals that Brits have a grim outlook when it comes to preparing financially for their future.

Barnsley offers new fixed rate online savings bonds

Barnsley Building Society has launched two new fixed rate e-bonds. Both bonds are available to new and existing customers and offer a monthly interest option for those who rely on their savings for income.

Aviva launch roadshows to improve financial wellbeing

Aviva is set to unveil a series of experiential roadshows, designed to encourage consumers to improve their financial wellbeing.

National Counties 5 year Stepped Rate Bond

National Counties Building Society has launched a Stepped Rate Bond with an interest rate which rises over the 5 year term to 6.00% gross. The 1st Issue Stepped Rate Bond is available from 7th September 2009 and gives savers the opportunity to secure a rate which is guaranteed to increase over the term of their investment.

Leeds offers high interest unlimited access account

Leeds Building Society has launched a simple, straightforward branch based account that provides customers with a great rate of interest up to a market leading 2.50%, combined with unlimited penalty free access to their money at any time.

Nationwide increases bond rates

Nationwide Building Society has announced details of new rates for its one year Fixed Rate Bond, one year e-Bond and one year Guaranteed Savings Bond, which all offer guaranteed interest rates for savers.

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. The over 50s are savvier at knowing their current rates, with almost half (49%) aware of them, in contrast to over two thirds (68%) of the younger generation who don't, but the lack of awareness is still acute.

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.

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. However, this doesn't mean you should let your savings dwindle in a current account or even tucked away under the mattress! Whether you have a small nestegg or larger lump sum, Unbiased.co.uk, the professional advice website, brings you ten top tips on how to get the best out of your savings in the current market.

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.

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. moneysupermarket.com is warning savers to pay close attention to these bonus rates because many are variable and savers could see rates fall earlier than expected.

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! To win the top prize only five months after buying my Bonds is so unexpected, but proof that you have to be in it to win it - you never know when your lucky number might be chosen." This is the fourth time that the £1 million jackpot has been won by a person living in Suffolk, the last time was in November 2000.

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.

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.

Santander launches two year fixed rate savings bonds

From Tuesday, 1 September, Abbey, Alliance & Leicester and Bradford & Bingley Savings are launching a brand new two year fixed rate bond paying a highly competitive 4.20 per cent gross/AER. This fantastic new rate is available on the high street to both new and existing customers with a deposit of between £10,000 up to £2 million.

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.

Leeds 4.30% three year fixed rate savings bond

Leeds Building Society has launched a new branch based 3-Year Fixed Rate Bond paying a guaranteed return of 4.30%, which also allows savers access to up to 10% of the capital invested at any time, without notice or penalty.

NS&I luckiest regions for winning Premium Bonds prizes

A list of the luckiest regions for winning Premium Bonds prizes has been unveiled by NS&I showing that those firstly in the South West, and then in the East Midlands, win more Premium Bonds prizes of £1,000 or more, than the rest of the UK.

Leeds launches unique Winter Fuel Saver account

Leeds Building Society has launched a unique and innovative monthly savings account specifically designed to help the over 60s manage the increased pressure on their finances during the winter months.

Supermarket price war spills into finance

In recent months the contest between the supermarkets has heated up, as they fight it out to offer lower priced goods to help us all through the recession.

Silver saving accounts looking grey

There are a number of easy access accounts available for over 50s savers, but a look at the wider market reveals these products are falling short in rates.

Brits more financially aware

Nearly two-thirds (63%) of the population are more aware of their finances and are making an increased effort to look after their accounts as a result of the credit crunch, according to new research released by NS&I (National Savings and Investments). Almost half (48%) of these people, who are focusing more attention on their finances, state now that they know exactly how much money they have in all of their accounts. This is true for nearly half (46%) of the total population. A further third (33%) know roughly how much money they have in their bank account and in savings, give or take £50.

Barnsley’s 5-year fixed rate e-Bond offers 5.40%

Consumers looking for a guaranteed return on their savings are urged to look at some of the excellent rates currently available on fixed rate savings before they are pulled from the market.

Sainsbury’s Internet Saver offer rate of 2.9% extended

Sainsbury's Finance today announces that it will be extending its Internet Saver special offer by an additional two weeks until 5th September 2009. The special offer pays a rate of 2.9% Gross AER (variable) to customers opening an account with deposit balances from £1,000 up to £500,000, for 12 months from account opening. Those opening an account and funding it with at least £1,000 within 30 days will receive a bonus of 1,000 Nectar points.

Barclays Wealth launches new protected investments

Barclays Wealth is launching new issues of its Minimum Return Plan, Protected FTSE Plan and UK and US Super Trackers after exceptional demand led to the early closure of the preceding range.

NS&I increases savings rates

NS&I (National Savings and Investments) is increasing the interest rates on its Fixed Interest Savings Certificates, Children's Bonus Bonds and Direct ISA by up to 1.20%. The revised interest rates will come into effect from 19 August 2009.

Newcastle continues to reward its savers

With a record low base rate held at 0.50% for over five months, and despite intense high-street competition, Newcastle Building Society is continuing to secure best-buy savings slots (source: moneyfacts.co.uk), for products such as its Reward Saver paying up to 3.00% Gross/AER, which includes a 1% bonus.

IFAs believe clients saving too little, too late

Research carried out by AXA Winterthur Wealth Management ("AXA Winterthur") suggests IFAs are concerned that their clients are not saving enough for retirement.

Partnership taps into demand for tax beneficial savings

Clydesdale Bank and Yorkshire Bank have launched a new tax exempt savings plan in partnership with Engage Mutual Assurance.

Leeds three year postal bond paying 4.30% guaranteed

Leeds Building Society has launched a new 3-Year Fixed Rate Postal Bond paying a guaranteed return of 4.30%, which also allows savers access to up to 10% of the initial amount invested at any time, without notice or penalty.

Leeds launches new fixed rate savings bonds

Leeds Building Society has launched new two and four-year fixed rate bonds paying guaranteed returns of 3.50% and 4.00% respectively.

Future families founded on fortune

Volvo Car UK has joined Causton CID’s leading crime-fighters in a mission to rid the fictional village of Midsomer of its murderous reputation.

Never been a better time to save

Interest rates may be low but analysis from moneysupermarket.com shows there has never been a better time to be a saver. Anyone with some spare cash would be wise to put it away now.

Meet heroes through Money Can’t Buy Prizes!

Leeds Building Society's Blue & Amber affinity account offers Leeds Rhinos fans a regular chance to win some outstanding prizes.

Fixed rate savings – short term or long term?

£50,000 invested for 5 years at the interest rate low point (Feb/Mar 09) could see you £7,000 (net of 20% tax) worse off than if you'd invested your money just eight months earlier or £4700 worse off than if you'd deferred your decision until today.

Give notice on your savings - why bother!

Savers can now get better rates on easy access account than they can on accounts requiring notice. United National Bank has just reduced the rate on its 3 Month Gold Deposit account by 0.50% to 3.00%. This leaves Stroud & Swindon offering the top notice rate, paying 3.20% on its account for the over 50s.

Principality launches 5.10% fixed rate savings bond

Principality Building Society has launched a market-leading bond with a fixed interest rate of 5.10% AER until 31 October 2012. Savers can also choose to have their interest paid monthly, to help boost their income.

Principality launches new children’s regular saver account

Kids can get a big boost to their pocket money - and get into the savings habit - with a new regular saver account from Principality Building Society that pays a great fixed rate interest rate of 5% AER (launching Thursday 13 August).

Fixed rate savings - timing is everything

Dads worth additional £17,000 to families

Dads are spending more time at home and are becoming more actively involved in a range of domestic chores, as well as taking on a greater role in childcare. This unpaid work is worth up to £17,000 a year, according to new research by The Children's Mutual. This is on top of the contribution to family life that a working dad's salary provides.

Recession prompts rise of financial rationality

The recession is prompting Brits to seriously rethink the state of their finances and their long-term financial futures, according to the Generation Recession Report from Friends Provident.

Sainsbury's Internet Saver offer rate of 2.9%

Sainsbury's Finance has announced a new Internet Saver special offer that will pay a rate of 2.9% Gross AER (variable) to customers opening an account with deposit balances from £1,000 up to £500,000. Those opening an account and funding it with a sum of at least £1,000 within 30 days will receive bonus of 1,000 Nectar points.

Battle continues to secure savers' money

The battle between banks and building societies to attract savers' money shows no signs of easing, with new competitive deals being launched each day.

Scottish Widows new 5 Year Fixed Rate Deposit Account

Scottish Widows Bank has launched a new 5 Year Fixed Rate Deposit Account for personal funds, available from Friday 7 August 2009.

West Brom launches a series of best buy Ebonds

With a desire to offer investors a further range of savings opportunities the West Bromwich Building Society has launched a series of fixed rate Ebonds for savers wishing to invest via the internet.

Santander fixed rate bonds paying up to 4.15%

This week Abbey, Alliance & Leicester and Bradford & Bingley are launching new issue fixed-term savings accounts paying up to 4.15 per cent, available to both new and existing customers.

N&P launches new 3 year E-Bond

N&P (Norwich and Peterborough Building Society) is set to increase the rates on its 3 & 5 year fixed rate bonds, and on its 2 & 5 year fixed rate ISAs (all from today, Wednesday 5th August) and launch a new 3 year E-Bond on Friday 7th August.

Cater Allen launches the Capital Guaranteed Growth Plan 2

Cater Allen Private Bank announces the launch its latest FTSE 100 Index linked structured deposit, the "Cater Allen Capital Guaranteed Growth Plan 2" (available from Monday 3rd August, 2009). This new plan offers investors a six year FTSE 100 linked structured deposit, which is 100 per cent capital guaranteed at maturity.

Savings accounts continue to pay above 0.50%

The latest issue of the monthly Moneyfacts Treasury Report on UK Savings Trends has given additional insight into how providers have no alternatives but to secure business by offering savings rates well over base rate.

New Premium Bond millionaire from Wales in August draw

In Wales, over 1.1 million people hold Premium Bonds worth over £1.7 billion. There are over 21,000 unclaimed Premium Bond prizes in total worth over £1.2 million. This is the 12th time that the £1 million jackpot has been won by a person living in Wales.

Nationwide launches Champion Saver account

Nationwide Building Society today, Monday 3 August 2009, launches its Champion Saver account, offering savers a market leading rate of up to 2.80% gross p.a./AER - over five times better than the Bank of England Base Rate. This includes a fixed introductory bonus of 1.10% gross p.a. until 31 January 2011 for balances of £1,000 or more, helping savers make the most of their money in a low interest rate environment.

Leeds launch 5% fixed rate savings bond

Leeds Building Society has launched a new 5-year fixed rate bond paying a very competitive return of up to 5.00%.

Banks increase use of bonuses to boost rates

Banks and building societies are continuing to add ever bigger bonuses to their savings accounts as a temporary measure to increase the rates offered to savers.

Tesco Personal Finance launches summer offers

Tesco Personal Finance has launched a range of summer offers, enabling customers to make cost savings across a range of products.

Great news for savers: Nationwide welcomes FSCS extension

Nationwide director, Maxine Taylor comments on today's announcement by the FSA confirming that customers of merged building societies will retain their FSCS (Financial Services Compensation Scheme) cover until 30 December 2010 and the timescales outlined for FSCS levy reform.

Abbey and A&L launch new guaranteed investment products

This week Abbey and Alliance & Leicester have launched 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. These offers will be available until 3 September 2009, or earlier if sold out.

Football fans see rates slashed on affinity savings accounts

Andrew Hagger of Moneynet.co.uk looks at how football clubs continue to rely on the savings habits of their devoted fans for a vital source of income.

Worrying trend in the savings market

The savings market has been awash new launches recently and many of them are significantly higher than the Bank of England base rate. This leaves little doubt that most banks and building societies remain very eager to raise retail funds despite the apparent lack of significant appetite for mortgage lending.

NatWest & RBS launch 5% Regular Saver account

NatWest and RBS are giving savers a boost towards improving their finances with the launch of 2 new savings accounts. A competitive high fixed interest rate Regular Saver account and a new account available online and over the phone, which will provide new and existing customers with further choice and flexibility of ways to save.

Cater Allen launch structured product paying up to 37%

Cater Allen Private Bank, part of the Santander Group, is today launching its latest structured product. This is a revised version of its previous FTSE 100 linked plan that offers the potential of up to 37 per cent return on maturity, if the final index level stays the same, or increases from its initial index level.

Barnsley savings bonds paying up to 5.4%

Barnsley Building Society has launched a range of market leading fixed rate bonds and e-bonds. All the new bonds are available to new and existing customers and offer a monthly interest option for those who rely on their savings for income.

Confidence crisis means investment opportunities missed

AXA believes it could be time for consumers to start investing again, after two key investor confidence indicators rose strongly last month.

Women save their way through recession

At a time when around £1.9 trillion of UK household wealth has been erased since July 2007, Legal & General asked more than 4,000 Brits what action they were taking to help manage their household budgets. Of the 20 measures explored as part of Legal & General's Changing Face of British Homes research, more women than men had already made, or were planning to make, cutbacks on a range of day to day expenses.

Citi launches new Flexible Saver Account

Citi has announced the launch of its new Citibank Flexible Saver Account (Issue 5) paying 3.10% AER / 3.06% gross p.a. variable, including a fixed bonus rate of 2.06% gross p.a. for the first 12 months.

Another week, another raft of new savings best buys

Andrew Hagger of Moneynet.co.uk reflects on another week of good news for savers: We appear to be in the middle of an all out savings war with new best buy deals hitting the market on an almost daily basis.

Three year fixed rate savings bonds hit 5% from YBS

Yorkshire Building Society is launching a range of market leading fixed rate savings bonds, which will be available through its branch and agency network and by post, from Friday 17th July.

Post Office launches new growth bonds paying up to 4.3%

The Post Office has announced the launch of Growth Bond Issue 9, offering one, three and five year terms, and rates of up to 4.3% AER.

CPI fall makes it easier for savers to secure a real return

Andrew Hagger of Moneynet.co.uk reflects on the latest inflation figures: With CPI falling from 2.2% in May 2009 to 1.8% in June 2009, savers are now faced with a far bigger choice of savings accounts that will enable them to get a real return on their money.

Savers urged to check savings rate

Saving account holders could earn an extra £7.7 billion a year by checking the interest rate paid on their savings (AER) and then switching to a better deal. moneysupermarket.com is challenging all savers in the UK to call their banks this week and check their savings rate.

New fixed rate direct 2-year Bonds from NS&I

NS&I is to launch a new 2-year issue of both its Guaranteed Growth Bonds and Guaranteed Income Bonds - which will go on sale on 13 July 2009. The new 2-year Bonds will only be available direct (via phone or online) from NS&I, and will pay an interest rate of 3.75% per annum and 3.65% respectively.

New savings accounts from AA Savings

AA Savings has increased the interest rate of its five-year fixed account by 0.15% to 4.65% gross/AER for new investors; while two new 2-year fixed accounts have been launched.

Cheshire and Derbyshire launch new fixed rate bonds

The Cheshire and Derbyshire Building Societies have launched several new bonds, offering savers incentives of up to 4.50% Gross/AER (3.60 % net).

Guaranteed Account now available from Zurich

Available immediately, the Zurich Guaranteed Capital Account 24 (GCA 24) which runs for five and a half years, offers intermediaries and their clients the potential to benefit from the growth of the FTSE 100 Index whilst protecting their clients' original capital investment.

Fixed Rate Escalator Bond paying up to 6.00%

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.

Britannia launches new fixed rate bond

Britannia has launched a fixed-rate bond for savers looking to make the most of their savings.

Principality launches new fixed rate savings bonds

Principality Building Society will launch (Friday 10 July) a range of fixed rate bonds designed to give savers the confidence of a guaranteed return matched with a choice of savings terms to suit their needs.

Top savings deals selling out fast

Andrew Hagger of Moneynet.co.uk looks at developments in the savings market during the last seven days.

Newcastle offers 4.50% postal savings bond

Newcastle Building Society added to its portfolio of market-leading bonds with the launch of a Two Year Fixed Rate Postal Bond (Issue 5) offering up to 4.50% Gross/AER.

Barnsley 5 year fixed rate online bond paying 5.10%

Barnsley Building Society has this week launched a new five year fixed rate online savings bond paying a market leading rate of 5.10% gross per annum (4.08% net), with a monthly interest option available for those who rely on their savings for income.

Nationwide increases rates on fixed rate savings bonds

Nationwide Building Society has announced details of a new range of Fixed Rate Savings Bonds and e-Bonds, which all offer a guaranteed interest rate for savers.

Brits kidding themselves when it comes to savings

Many Brits may be kidding themselves - believing that the only reason they aren't saving is that they don't have enough money - but in reality if they had the extra cash they still wouldn't use it to start saving, suggests research from moneysupermarket.com.

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.

Good news for online savers

Andrew Hagger of Moneynet.co.uk comments on the latest savings launches: The internet savings market has been a hive of activity during the last ten days but Alliance & Leicester have now pipped their rivals to the number one best buy spot in the mainstream savings market with a new online account paying 3.15% gross/AER.

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. The account is opened and operated online, with a minimum investment of £1.

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.

Newcastle launches new 5% savings products

Newcastle Building Society is continuing to top the best buy tables with the launch of a new fixed rate bond offering up to 5.00% Gross/AER over five years, available from 1 July 2009.

Santander's UK savings brands extend fixed rate bond offer

Due to popular demand Abbey, Alliance & Leicester and Bradford & Bingley is extending the offer on our competitive fixed-term savings accounts paying up to 4.15 per cent, allowing more customers to take full advantage of these great rates.

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.

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. A fifth (20%) of generous grandparents are saving £400 or more a year, which would provide their grandchildren with a nest egg of £10,000 when they turn 18.

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.

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.

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.

Egg launches new attractive savings propositions

Egg, the internet bank, has announced the launch of two new savings accounts to help customers make their money stretch further.

Leeds launches online easy access account paying 3.05%

Leeds Building Society has launched a new easy access online account paying a market leading variable rate of 3.05%. Furthermore, the online account also allows unlimited withdrawals at any time, without notice or penalty.

Yorkshire launches savings eBonds

Yorkshire Building Society has launched a range of new eBonds offering online savers the choice of placing their money into either a two, three or four year fixed rate product.

Talk that inflation is dead is greatly exaggerated

According to the Office for National Statistics, the Consumer Prices Index (CPI) rose by 2.2% in April down from 2.3% in May; the Retail Prices Index (RPI) fell 1.1% in May less than the 1.2% drop in April.

Cater Allen launches new structured products

Cater Allen Private Bank has launched its latest structured products that are linked to the performance of the FTSE 100 index and will pay up to 30 per cent return on maturity on any rise in the index regardless of how small that rise may be.

Savers offered exclusive savings plan from Nationwide

Nationwide Building Society is launching an exclusive Guaranteed Combination Plan. By taking out a Guaranteed Savings Bond (GSB) and a Guaranteed Equity Bond (GEB) together, this could help savers make the most of their money in the current low interest rate environment. The Society is also making a number of changes to the savings and investment products it offers, giving customers more choice and flexibility. To help savers maximise their returns and get the best of both short and long-term savings products, the Society is launching:

A&L Premier Regular Saver with 7.00% offer closes this weekend

Research from Alliance & Leicester Current Accounts shows that one third (32 per cent) of UK workers are failing to save any of their wages each month. This is despite the current availability of competitive savings accounts such as Alliance & Leicester's Premier Regular Saver, offering a table-topping interest rate of 7.00 per cent AER.

Online savers given a boost

Three providers have today announced their intention to increase rates on their online based saving accounts.

Principality launches second issue of e-SAVER account

Principality Building Society continues its reputation as the UK savings provider with the most consistent interest rates with the launch of its new online e-Saver Issue 2 account, which offers a market-leading rate of 2.85% AER (variable).

High fixed rate or low instant access rate?

As the Bank of England reports that the average interest rates on instant access savings accounts (including current accounts), notice savings accounts and cash ISAs remained static in May, Fairinvestment.co.uk's chartered financial planner Sharon Bratley comments on where next for savers.

Barnsley Building Society new Online Saver account

Savers looking for a great return on their cash without locking it away in a fixed-term account can earn 2.50% gross/AER with the new Online Saver account launched this week by Barnsley Building Society.

Sainsbury's Internet Saver gives savers new special offer rate

Sainsbury's Finance has announced a new Internet Saver special offer that will pay a rate of 2.6% Gross AER (variable) to customers opening an account with deposits up to £500,000.

Rothschild's fixed rate deposit account

Commenting on the launch of Rothschild's fixed rate deposit account, Kevin Mountford, head of savings at moneysupermarket.com said; "This move by Rothschild highlights a change in the savings market.

Fixed rate bond savers set for a big fall

Just 12 months ago savers had their pick of one year fixed rate bond products offering around seven per cent AER. But for those that invested in one of these deals a new reality awaits, with many rates dropping off significantly when the account reaches maturity.

Interest rates may remain low but your savings rates don't have to

Following the announcement that the Bank of England base rate will remain at just 0.50 per cent, Santander's UK savings businesses this week encourage savers to make sure they're getting the best out of their savings accounts.

Poppy Save launches in time for D-Day anniversary

Coventry Building Society launches Poppy Save in partnership with The Royal British Legion Coventry Building Society is delighted to announce the launch of Poppy Save, an innovative postal savings account that will not only deliver a significant charitable donation but also a great rate for savers.

HSBC and LGII provide structured deposits with capital protection

In an innovative response to savers' concerns over declining interest rates, Legal & General International (Ireland) Limited (LGII) is working with HSBC Bank plc to provide a series of structured deposits.

Cater Allen fixed rate bonds paying up to 4.25% AER

This week Cater Allen Private Bank is launching a range of new fixed-term savings accounts, with a three year savings bond paying 4.25 per cent AER, available to both new and existing customers.

The Co-operative launches capital protected structured product

The Co-operative Investments has entered the structured product market with the launch of a capital protected investment that guarantees a 40 per cent return on maturity providing the FTSE100 is no less than its current level in six years time.

Brits failing to make the most of summer savings

Much of the British population is failing to make the most of money saved on household bills and outgoings during the summer months as the increased sunshine makes them forget their budgets and spend more on having fun, according to the latest NS&I (National Savings and Investments) Quarterly Savings Survey.

Principality offers 2.90% AER on 30 day notice savings account

Savers looking for a great return on their cash without locking it away in a fixed-term account can now earn 2.90% AER (variable) with the new 30 Day Direct Account, launched this week (Thursday 4 June) by Principality Building Society.

ASDA share scheme pays out £43m bonus to colleagues

Today ASDA announced that over 16,500 colleagues will share in a £43million payout thanks to the company's Sharesave plan.

Barriers to saving increase as personal debt continues to rise

Research from the third annual Scottish Widows Savings and Investment Report reveals the nation's savings behaviour is being severely affected by this year's unprecedented economic environment. Over four out of five (85%) Brits say having no money is a major barrier to saving. This figure has increased significantly since last year, when only half (50%) of Brits stated having no money was a major barrier to saving; a clear symptom of the increasing pressure on the nation's finances in the recession.

Santander’s UK savings brands launch new fixed rate bonds

This week Abbey, Alliance & Leicester and Bradford & Bingley are launching new fixed-term savings accounts paying up to 4.15 per cent, available to both new and existing customers.

Direct Transfer Account offers increased variable rate

As of today, Monday 1 June, Scottish Widows Bank's Direct Transfer Account will offer an increased variable rate of 3.01% gross (2.51% AER variable).

C&G launches two new fixed rate savings bonds

Cheltenham & Gloucester (C&G), part of Lloyds Banking Group, has launched two new competitive fixed rate bonds, offering rates up to 4.05per cent.

Leeds Building Society donates £24,000 to Leeds Rugby

Leeds Building Society presented Leeds Rugby with a cheque for £24,505 at the Leeds Rhinos home match against Hull F.C. on 26 May at Headingley Carnegie Stadium.The £24,505 cheque relates to 1 per cent of the total balances in the Blue and Amber account for 2008. This donation is made annually and since 2000 over £183,000 has been donated towards the development of youth Rugby at the Club.

Saga Personal Finance launches new savings bond

Saga Personal Finance has announced it is offering yet another choice to investors with the launch of an attractive new 15 month fixed rate savings bond.

New Fixed Rate Escalator Bond paying up to 6%

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!

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.

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.

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.

Fixed rate bonds: To fix or not to fix?

Competition in the fixed rate bond market is returning, but should savers fix now, and for how long? Commenting, chartered financial planner at Fairinvestment.co.uk, Sharon Bratley said: "Savers have been hit hard by the credit crunch as interest rates dropped to record lows, and as they remain at record lows, it is encouraging that fixed rate bonds are offering such high rates in comparison.

Principality launches two year fixed-rate e-bond for over 50s

Principality Building Society will launch ( Thursday 14 May) a new two-year e-bond for the over 50s offering a fixed-rate of 4.00% AER, making it a market-leading ‘best buy'.

M&S Money launches first easy access saver

M&S Money has announced a further expansion of its range of savings products with the launch of the M&S Everyday Savings Account.

All’s not quiet on the savings front

The Bank of England base rate may be entering a period of stability, but that doesn't mean all is quiet on the savings front. In fact, it's anything but. Competition in the fixed rate bond market is as fierce as ever.

Fixed-rate bond promises savers 4.15% return for two years

The Nottingham has launched a new, fixed-rate savings bond catering for savers seeking to invest up to £250,000.

Fairinvestment.co.uk looks at where to put savings

Interest rates remain at 0.5 per cent, but where can you get a decent return on your money? Chartered financial planner at Fairinvestment.co.uk, Sharon Bratley takes a look.

Leeds Building Society donates over £50,000 to Leeds United

Leeds Building Society was delighted to present Leeds United with a cheque for £54,215 at their home match with Northampton Town on Saturday 2 May.

Barclays launches three year fixed rate savings bond

Barclays is launching a market leading three year fixed rate savings bond paying 4.25 per cent gross p.a./AER.

Fixed rate savings battle gathers pace

Andrew Hagger of Moneynet.co.uk looks at recent developments in the fixed rate savings arena. Good news for savers has been pretty thin on the ground since the heady days of last September when rates of 7% plus on fixed rate deposits were plentiful.

Principality crowned one of UK's most consistent savings providers

Principality Building Society has been named as one of the UK's most consistent savings providers in a national survey charting rates over the last three years.

Savers invest in antiques

The first quarter of 2009 saw a dramatic change in fortune for the arts and antiques market as buyers re-entered the market looking for alternative investment opportunities, says the latest RICS Arts and Antiques Survey.

Brits abandon saving in favour of debt repayment

Research from Unbiased.co.uk, the professional advice website, reveals the extent of UK consumers' flight from saving to debt repayment during 2008.

Cater Allen launches new Capital Guaranteed Growth Plan

Cater Allen Private Bank announces the launch of a new FTSE 100 Index linked structured product, the "Cater Allen Capital Guaranteed Growth Plan 1 - Issue 1" available from Monday 27th April, 2009. This new product offers investors a six year FTSE 100 linked investment product which is 100 per cent capital guaranteed at maturity.

M&S Money launches new issue of Fixed Rate Savings

M&S Money is offering a new issue of Fixed Rate Savings with effect from 22nd April 2009, with guaranteed interest rates over 1, 2 and 3 years up to 3.00% AER/gross.

Savers receive welcome boost as rates bounce back

Savers may finally be able to see the light at the end of the tunnel after a string of providers have this week increased rates or launched new accounts paying competitive rates.

No appreciation for elderly savers

Savings rates are still in freefall with the average no notice rate currently at 0.64%, just above bank base rate.

Darling mustn’t ignore the plight of elderly savers

Even though CPI has fallen from 3.2% in February to 2.9% in March, savers will still find it a challenge to find an account where they can preserve the spending power of their nest egg.

Moneynet.co.uk: Top three savings picks 5 May 2009

Andrew Hagger of Moneynet.co.uk reviews three of the best savings deals on the market today. With new savings account launches still coming in thick and fast, there are three accounts that offer excellent value in the current climate depending on the type of product you're after.

Abbey, B&B Savings and A&L issue new fixed rate bonds

Abbey and Bradford & Bingley savings this week launch their latest range of fixed-term savings for customers looking for a competitive guaranteed return. This new range is available for both new and existing customers and includes our popular Fixed Rate Monthly Saver, for savers happy to save between £20 and £250 a month.

As recession erodes family inheritances, Brits face uncertain future

Nearly one in three British adults is banking on an inheritance to help fund their retirement, despite many having never even discussed the issue of inheritance with their parents, according to new research.

NS&I: New millionaire from Devon in May's jackpot draw

In Devon over 490,000 people hold Premium Bonds worth over £1 billion. There are over 7,900 unclaimed Premium Bond prizes in total worth over £450,000. This is the ninth time that the £1 million jackpot has been won in Devon.

New issues of inflation-beating savings from NS&I

NS&I has released two new issues of Inflation-Beating Savings, also known as Index-linked Savings Certificates, giving savers the chance to invest up to £15,000 tax-free per issue. The Certificates are the only form of savings available in the retail market that offer a 100% safe, tax-free home, with a guaranteed inflation-beating return.

Pensioners flight to Flexible Freedom

Leeds Building Society has seen an increase in the number of pensioners opening its Flexible Freedom account, which provides a highly competitive return combined with flexibility and the peace of mind associated with unlimited withdrawals at any time, without notice or penalty.

2 year fixed rate bond paying 4.01% back by popular demand

Today, Abbey, Bradford & Bingley Savings and Alliance & Leicester re-launch a new two year fixed rate bond paying a highly competitive 4.01 per cent AER gross pa.

Alliance & Leicester's Premier Regular Saver returns

Alliance & Leicester's ground-breaking Premier Regular Saver account is back for a limited period only, to encourage a new focus on saving rather than spending. The account paying 7.00% pa gross/AER will be available to customers switching to an Alliance & Leicester Premier Current Account, from Wednesday 6 May 2009.

A&L and Abbey launches new guaranteed investment products

This week Alliance & Leicester and Abbey are launching a new range of guaranteed investment products offering the security of a capital guarantee and minimum return, providing they are held for the full term.

Savers must start becoming investors

David Kuo, Director at the financial website The Motley Fool - Fool.co.uk, says: "The Bank of England has already slashed interest rates to a level where further cuts will have no discernible impact. So, today's decision to leave interest rates unchanged at 0.5% is not unexpected.