Money Saving News for June 2009
- Car insurance provider wins award - 30th June, 2009
Those looking for a reliable car insurance provider may look to Saga, which offers motor cover for over-50s, after it won a prestigious award.
In a poll among 10,000 readers of Moneywise magazine, the car insurance provider topped the category for best customer service, as well as coming runner-up in the 'most trusted' company section... - Caxton FX abolishes fees for using credit cards abroad - 30th June, 2009
Holidaymakers thinking of using their credit card abroad in Europe and the US can now take advantage of Caxton FX's euro and dollar plastic deals without facing ATM charges.
After considering customer feedback which showed that fees placed on ATM transactions are particularly unpopular with credit card users, the firm has decided to abolish all charges from July 10th... - Homeowners 'should check' their utility bill payments - 30th June, 2009
Those living in flats or terraced houses should take a look at the best deals available to them to bring down their utility bills, according to one website.
Moneysupermarket.com said that, due to the way in which utility bill packages work, those with low energy consumption may be paying over the odds for the electricity and gas supplies in their homes... - New high yield investments announced by NS&I - 30th June, 2009
National Savings & Investments (NS&I) has launched a new equity-based bond which offers a high yield return through the FTSE 100.
The Guaranteed Equity Bond, available from today (June 30th), offers a maximum return of 40 per cent of the capital investment over five years depending on the performance on the FTSE 100 index... - Motorists raid savings bank for car cash - 30th June, 2009
New research by the AA suggests that Brits are using up the money in their savings bank to pay for a new car.
The poll, which questioned over 13,000 car owners, found that 47 per cent of those looking for a new vehicle are going to use their savings to do so, and the company believe this has been spurred by the government's scrappage scheme... - Brits 'not prepared with retirement pensions' - 30th June, 2009
A number of British people do not have retirement pensions other than state provisions, according to a study from YouGov.
Research commissioned by Employee Benefits adviser Foster Denovo found more than a third of Brits who are not already retired do not have personal or company retirement pensions... - Home mortgage costs decrease for Brits - 30th June, 2009
People getting a home mortgage will be pleased to hear that the cost of running a house has fallen by a fifth in the past year.
Recent research from Halifax found in the past 12 months the costs of running a house have dropped by £1,468 to £7,298... - Utility companies "need to improve their act" - 30th June, 2009
People are increasingly unhappy with the companies that deal with their utility bills, with one expert saying these firms should listen to their customers more.
Ann Robinson, director of consumer policy at price comparison site uSwitch.com, said utility companies need to recognise that "the game has changed, they have to improve their act", adding that the British public have an expectation that this will happen... - Children given online savings accounts 'better off in retirement' - 30th June, 2009
Children who are given online savings accounts from a young age may not have to worry about their finances when they are older, one expert stated.
David White, chief executive of the Children's Mutual, which specialises in savings accounts for young people in the UK, said many parents are being hit by the need to raid their savings to help their offspring... - Home contents insurance savings made by leaving it to the professionals - 30th June, 2009
New research by home contents insurance provider Saga has shown that over-50s are leaving potentially dangerous DIY jobs to the professionals in order to avoid having to make a claim.
The report claimed 24 per cent of older homeowners prefer to get a tradesman to do any improvement work, while 47 per cent save even more money by receiving a helping hand from a relative or friend...