Norwich and Peterborough Building Society (N&P) has launched two new fixed rate savings products – a three year ISA and a three year bond, both paying 3.45 per cent gross/AER. The bond also offers a monthly income option at 3.40 per cent gross/2.72 per cent net/3.45 per cent AER fixed. Gary Lacey, savings product manager [...]
Latest Savings News
Derbyshire BS increases NetSaver rate
Derbyshire Building Society, part of the Nationwide Group, is increasing the introductory bonus rate on its Derbyshire NetSaver – Issue 3 account by 0.11 per cent to 2.06 per cent gross, bringing the overall rate paid to 3.06 per cent gross until 30 June 2013. Existing Derbyshire NetSaver – Issue 3 customers will benefit from [...]
Coventry launches Online Saver account at 3.15 per cent
Coventry Building Society has launched its Online Saver account. This easy access online savings account, which is operated entirely online, can be opened with as little as £1 and allows a maximum investment of £250,000. The rate of 3.15 per cent AER includes a bonus of 1.15 per cent for the first year the account [...]
“Don’t spend what you don’t have” is top money saving tactic
Research carried out for Standard Life suggests that, in the last three years, 5.3 million additional UK adults have started adopting money saving habits, such as reviewing their utility providers, going online to find the best deals and using online voucher codes to save money. According to Standard Life’s ‘Financial Efficiency’ research, the recent downturn [...]
Brits ‘won’t make sacrifices’ to save
Cash-strapped Brits are wasting up to £182 billion by not making the most of their cash ISA allowance, according to new research from uSwitch.com, the independent price comparison and switching service. Just half of Brits (50 per cent) intend to save into a cash ISA this year and those who do will be saving far [...]
Cahoot launches one-year fixed rate bond
cahoot is launching a one-year fixed bond paying 3.65 per cent AER. The bond is available from 28 February 2012 to 26 March 2012. On maturity, the bond converts into a new cahoot savings account, which will be instant access with a variable rate. Michelle Kent, head of cahoot, said: “cahoot is pleased to offer [...]
The kids are all bright
Education and savings top the list for most children if they were given a Junior ISA (JISA) lump sum at 18 years old. However parents underestimate what their children would do with the money, according to research from Post Office Savings. Only 16 per cent of parents say their children would save most of the [...]
23 million Brits stopped or reduced saving in the last year
Research by MoneySupermarket has revealed that nearly half of Brits (47 per cent) have stopped or reduced the amount they save in the last year. Of this, 12 million people have been forced to stop or reduce their savings just to fund day-to-day living and four million to pay off debt such as personal loans [...]
Big freeze fortnight costs households £1.6 billion
British households will be forking out £1.6 billion extra, collectively, on their energy bills as a result of turning up the heating during the recent “Big Freeze” according to MoneySupermarket.com. The comparison site found over a third (38 per cent) of energy users are concerned about being able to afford their energy bills as a [...]
“Squeezed middle” face uphill struggle to boost savings
The 2012 HSBC Savings Map of Britain reveals that, while the continued tough financial climate has driven Brits to try and grow their savings pots last year, almost half the country’s adults – the “squeezed middle” – faced spending pressures that saw them struggle to boost their reserves. Over seven in ten (71 per cent) [...]
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