Money Saving News for July 2009
- Fixed utility bill customers 'should switch' - 13th July, 2009
Customers who fixed their utility bill tariff nearly a year ago have been advised to find a better alternative before their current deal runs out and prices go up.
According to moneysupermarket.com, those with a deal coming to an end should switch provider at least four weeks before it runs out in order to make the most savings on their utility bill... - New capital investments from NS&I - 13th July, 2009
National Savings and Investments (NS&I) has announced two new issues of its capital-guaranteed fixed-rate bonds.
The Guaranteed Growth Bond and Guaranteed Income Bond provide an interest rate of 3.75 per cent and 3.65 per cent respectively and capital investments from £500 to £1 million are backed by HM Treasury... - Fee-free balance transfer credit card announced by Egg - 13th July, 2009
A new credit card which does not charge fees for balance transfers has been launched by online bank Egg.
Coming with various reward deals, the Egg Money Mastercard product comes with an interest rate of 8.9 per cent, with one per cent of all purchases able to be claimed back up to a maximum of £200... - £7.7bn to be earned on savings accounts in the UK - 13th July, 2009
Brits are collectively missing out on billions of pounds which they could be earning by checking the best deals available for their savings account.
According to moneysupermarket.com, those with savings accounts in the UK could switch their provider and end up with £7.7 billion a year more through taking advantage of better rates, which amounts to £200 per annum for each consumer... - Mortgage lenders advise mixed deals - 13th July, 2009
Mortgage lenders have encouraged those looking for the best deal at the moment to choose one which allows both tracker and fixed-rate options.
Jane King, mortgage adviser for Ash-Ridge Private Finance, told Unbiased.co.uk that there are some tracker loans available which can be switched to a fixed rate later on, which would help if the base rate suddenly rose... - High interest savings rates bring consumer confidence - 10th July, 2009
An industry expert has said that better savings rates have led to a more optimistic outlook among Brits with money deposited into a bank account.
Andrew Hagger, spokesperson for Moneynet.co.uk, was commenting on the findings of the recent Nationwide Consumer Confidence Index, which showed that those with savings accounts think the market is picking up... - Personal bank accounts for students offered - 10th July, 2009
Lloyds TSB has announced that its new student account for those entering university in September will help them to save money while receiving an education.
The product comes with a National Union of Students Extra card, providing discounts at the stores of 60 UK retailers, and the personal bank account also comes with an interest-free overdraft... - Expert recommends high yield investment bonds - 10th July, 2009
High yield investment bonds have outperformed stock market equities so far this year, and global assessment manager F&C Investments has chosen them as a good way to make a return on money.
Fatima Luis, manager of the firm's Extra Income Bond, said that in the first six months of 2009 the Merrill Lynch Global High Yield Index returned 29.5 per cent, while the MSCI World Index returned 6.8 per cent in the same period... - Home contents insurance 'can protect iPods' - 10th July, 2009
A leading industry figure has said that valuable items carried around in bags can be covered against loss or theft through home contents insurance policies.
With 32 million mp3s being sold in 2008, portable music players such as the iPod are fast becoming the most owned gadgets among the British public, but these should be covered with additional policy features on standard home insurance... - Nationwide offers 125% home mortgage - 10th July, 2009
Despite home mortgage regulations set out in March by the Financial Services Authority which aimed to stop risky lending, Nationwide Building Society has launched a 125 per cent loan-to-value deal.
The mortgage lender has backed its decision to go ahead with the loan, stating that it is a "very prudent and cautious" provider with a track record of low arrears and repossessions...