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- Banks more confident with savings accounts - 23rd July, 2009
New research has found that banks are rushing to offer more high interest savings accounts to those looking to get a good return on their deposited money.
Conducted by Defaqto, the report showed that several financial institutions have upped their game in the savings market, including Stroud and Swinton Building Society, which has put a market-leading 4.06 per cent e-bond on offer... - High interest savings bonds announced by Barnsley BS - 22nd July, 2009
Those looking for high interest savings bonds to make the most of their money during the recession may be interested in a new range of products announced by Barnsley Building Society.
The savings account provider is introducing new three, four and five-year deals, which can be opened with a £100 deposit using the building society's online paperless application process... - Higher interest for savings accounts in the UK - 21st July, 2009
After months of low interest for those with money stored away for a rainy day, savings accounts in the UK have now started to offer higher rates again, according to one industry figure.
Kevin Mountford, head of banking at financial advice website moneysupermarket.com, told MSN Money that increases in interest on fixed-rate savings accounts has now moved to easy access products, a positive for the market as a whole... - £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... - 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... - Market-leading online savings account from Alliance and Leicester - 3rd July, 2009
Alliance and Leicester has introduced a new online savings account in competition with other banks releasing attractive products onto the market.
The new package offers interest of 3.15 per cent, which is accompanied by a sliding bonus rate depending on the amount deposited in the online savings account, available until August 2010... - Children's Mutual savings accounts hit 4.4 million - 2nd July, 2009
The number of parents investing into the offspring's future through the government's Child Trust Fund savings account scheme through provider Children's Mutual has reached 4.4 million.
Speaking about the figure, David White, chief executive of the organisation, said that it was a sign of the "continuing revolution" of using tax-efficient saving accounts in the UK to help young people financially... - High interest savings bond is 'not what it seems' - 1st July, 2009
Customers interested in opening one of the new high interest savings bonds launched by male grooming firm King of Shaves have been warned against the product by moneysupermarket.com.
The financial advice site said that, while the quirkily-named Shavings Bond offers high interest rates of six per cent AER, it is not guaranteed under the Financial Services Compensation Scheme... - 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... - 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...