Money Saving News for March 2009
- BSA: Building society savings accounts in the UK hit record month - 31st March, 2009
New figures from the Building Societies Association (BSA) have revealed that savings accounts in the UK enjoyed a record month in February.
The research found net receipts into building societies were nearly £1.6 billion, as more and more people chose to save their money rather than spend it... - ISA savings accounts holders urged to consider pensions - 30th March, 2009
Holders of ISA savings accounts should transfer part of their funds into retirement pensions, it has been recommended.
Fiducia, a wealth management and financial planning company, believes that retirement pensions are the only saving regime stronger than ISA savings accounts... - Money saving tips to help customers get the best of broadband - 27th March, 2009
A website has published a list of money saving tips which could help people in the UK get more bang for each buck they spend on broadband connections.
According to uSwitch.com, the difference in broadband performance between the best and the worst providers "has never been greater", so it is important that customers search around for the best cheap bargain deals... - Savings accounts in the UK 'still popular despite recession' - 27th March, 2009
Savings accounts in the UK remained popular throughout last year, despite the impact of falling interest rates and the onset of the credit crunch.
A poll conducted by National Savings and Investments (NS&I) revealed that the percentage of the population which regularly puts money aside into savings accounts remained constant throughout the year at around 47 per cent.
NS&I also found that despite the high profile collapse of several banks last autumn, Brits actually put more money into savings accounts in the UK over the winter months - averaging £201.55 per month - than they did in summer 2008, when the average figure was £193.34... - Property investments 'still popular' - 27th March, 2009
Property investments remain the most popular place to put cash among investors in the UK despite falling house prices, a new study has shown.
Conducted by investment advice website The Motley Fool, the research asked investors in the UK what they would do with a £50,000 windfall if they received it unexpectedly... - Legal & General hails good year for capital investments - 27th March, 2009
Legal & General has revealed that its investment managers had a successful year in 2008, providing many customers with healthy returns on their capital investments.
The company's investment management division increased its pre-tax operating profits from £147 million in 2007 to £172 million last year and attracted gross new business inflows of around £30.9 billion... - Now is the best time to buy a fixed-rate mortgage, say experts - 26th March, 2009
Fixed-rate mortgages may currently be the cheapest they will get this year, according to John Charcol.
The independent mortgage experts recommended that people in the UK should move to take advantage of low mortgage rates, such as the best buy deal of 3.99 per cent for a four-year fixed-rate mortgage with a loan-to-value ratio of 60 per cent which is currently being offered by Woolwich... - ISA savings accounts launched by Saga - 26th March, 2009
Two new ISA savings accounts will be launched by Saga at the beginning of April, which will offer customers the choice of receiving interest annually or monthly.
The two new offerings are a one-year fixed-rate ISA savings account which offers a tax-free interest rate of 2.95 per cent and a one-year ISA savings account which pays interest monthly at a rate of 2.91 per cent... - Young drivers being spoiled, survey suggests - 26th March, 2009
Cheap car insurance quotes for young people may be a thing of the past, according to research by Tescocompare.com.
The website conducted a survey recently which revealed that many young drivers in the UK are being given a better car as their first set of wheels than people of their parents' generation... - Recession veterans 'more aware of money saving tips' - 26th March, 2009
Lloyds TSB has conducted research which reveals that those who have lived through a recession before are better prepared for dealing with the downturn than the younger generation, possibly because they make better use of money saving tips.
These recession veterans are "taking sensible steps" to cut their spending, according to Lloyds, with 30 per cent of people over the age of 34 claiming they have reined in their spending...