Money Saving News for June 2009
- Online savings accounts get interest rise - 16th June, 2009
Three online savings account providers have increased the interest rates on their products, allowing customers to make the most of their money during the recession.
According to Moneyfacts, in the past week Barnsley Building Society has added 0.4 per cent onto the interest of its online savings account while Intelligent Finance increased the 1.75 per cent iSaver product by 1.1 per cent... - Brits need to make sure pension pot is tax efficient - 16th June, 2009
Brits saving for their retirement have been advised to check they are putting cash aside in the most tax-efficient manner.
According to Unbiased.co.uk, people in company pension schemes are missing out on huge sums of cash each year as they neglect to save in the best way... - Liverpool safe for bikes, says home insurance provider - 16th June, 2009
Home insurance company More Than has found that the residents of Liverpool are the most honest when faced with an unattended bike.
In a social experiment, the home insurance provider tempted passers by in busy areas of city centres across the UK with a brand new unlocked bike, and it took Liverpudlians nearly four hours to steal it... - 'Best' fixed rate mortgage provider is Yorkshire Building Society - 16th June, 2009
It has been announced that Yorkshire Building Society has won an award for its fixed rate mortgage products.
The lender walked away from the Moneyfacts awards with three prizes, including Best Short Term Fixed Rate Mortgage Provider as well as two more for its savings accounts... - Money saving tips offered to gap year takers - 15th June, 2009
moneysupermarket.com has offered some advice to those looking to travel abroad this year without breaking the bank.
Students looking to take a gap year before they start their degree in 2010, or graduates just leaving university may want to seek out the best savings account, according to the website, with Principality Building Society's eSaver currently the best in the UK... - Vehicle insurance urged for Glastonbury - 15th June, 2009
Revellers heading to Worthy Farm in under a fortnight's time for the legendary Glastonbury festival have been advised to make sure their vehicle insurance covers items left in the car over the weekend.
uSwitch.com said that up to £8 million of valuable equipment will be stored in vehicles while owners enjoy three days of music, but 62 per cent of car insurance providers only cover for claims up to £100... - Savings are lacking in the UK, says Alliance and Leicester - 15th June, 2009
High street bank Alliance and Leicester has found that savings accounts in the UK are not seeing as much action as they should be.
New figures from the bank showed that one third of all workers in the country are not saving any of their wages each month, while the amount going into accounts has dropped in the past three months... - Fixing mortgages is 'best option' - 15th June, 2009
moneysupermarket.com has warned mortgage borrowers that rising rates in the future could mean that now is the best time to fix interest on their deals.
While the Bank of England base rate has seen a decline over the past two years, new market figures from the website show that lenders may be set to increase the interest on their mortgage products... - Confidence and knowledge key to encouraging pensions saving - 12th June, 2009
Building confidence and knowledge is the key to improving levels of pension saving among Brits, it has been claimed.
According to the fourth National Association of Pension Funds' (NAPF) Workplace Pensions Survey, 60 per cent of workers are unsure how much their firm would contribute to their pension if they joined their company scheme, while 66 per cent did not check if their job came with the offer of a pension... - Fixed-rate mortgages proving popular - 12th June, 2009
Take-up of fixed-rate mortgage products has increased further as the interest rate cycle hits its floor, it has been claimed.
According to the Council of Mortgage Lenders (CML), 69 per cent of people taking out a mortgage in April opted for a fixed-rate deal, with an average rate of 4.83 per cent...