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  • ISA savings accounts 'disappearing' - 4th June, 2009

    Many ISA savings accounts with "attractive" interest rates are being withdrawn from the market, according to research released recently.
    The study, conducted by Moneynet.co.uk, revealed that in the last seven days many of the best performing ISA savings accounts have been withdrawn or had their interest rates cut.
    Those on the chopping block included the Barclays Golden ISA savings account, which has seen its interest rate drop from a "table topping" 3.61 per cent to a "mediocre" 2.58 per cent...

  • Brits 'spending not saving this summer' - 4th June, 2009

    Savings accounts in the UK may be set to become less popular, according to a new survey, which suggested that Brits are more likely to spend any savings they make rather than stash them away during the warmer months.
    The poll, conducted by National Savings and Investments (NS&I), showed that 42 per cent of Brits believe they save by spending less on heating bills and groceries during the summer months...

  • Cost of living 'prohibits saving' - 3rd June, 2009

    Savings accounts in the UK may be being used less, as a survey shows that people are finding the cost of living is making it difficult to save.
    People in the UK are finding that increases in the cost of living are making it harder to save, according to research published by Scottish Widows...

  • Scottish Widows: Saving needs to be encouraged - 3rd June, 2009

    Scottish Widows has called for measures to be put in place to encourage people to make more use of savings accounts in the UK.
    Research conducted by the financial services provider revealed that 31 per cent of people in the UK currently consider that high taxes are a barrier preventing them from saving as much as they would like to...

  • New savings account alternative launched in the UK - 2nd June, 2009

    Santander is launching a new range of fixed-rate bonds, offering an alternative to savings, accounts in the UK.
    The Spanish banking brand, which currently operates under the names Abbey, Alliance & Leicester and Bradford & Bingley in the UK, claims that the new offerings will offer savers "excellent value"...

  • Savings account in the UK sees interest rate increased - 1st June, 2009

    One savings account in the UK has seen its interest rate increased this recently, despite the lack of change in the Bank of England's base rate.
    Scottish Widows has increased the variable rate offered on its Direct Transfer Account to 3.01 per cent for clients' personal savings for the first six months after they open the account...

  • Lloyds increases interest rates on savings accounts in the UK - 27th May, 2009

    Savings accounts from Lloyds TSB may be set to get more popular, after the bank announced an increase in the interest rates it offers.
    In a statement, the bank said it is increasing the interest rate on its monthly saver account to five per cent. The account is open to savers who make monthly deposits of between £25 and £250 for a period of 12 months...

  • Brits putting less into savings accounts in the UK - 20th May, 2009

    Brits are stashing less of their income into savings accounts in the UK on average than they were three months ago, a survey has revealed.
    The poll, conducted by Abbey, found that people in the UK currently save around £120 a month, which is £43 less than the figure in a comparable survey taken three months ago...

  • Women saving less than men, says survey - 20th May, 2009

    Women are putting less of their monthly income aside into savings accounts in the UK than men, according to a new survey.
    The poll, conducted by Abbey, found that men manage to put an average of £155 into some form of savings account in the UK whereas the figure for women is £86 per month...

  • Savings accounts in the UK 'viewed more favourably' - 19th May, 2009

    Consumers are changing their attitude to savings accounts in the UK and viewing them more positively, according to research released recently by Nationwide.
    The building society's monthly savings index poll, which charts the public's perception of savings accounts in the UK, reveals a two per cent increase. The index showing the importance people attach to saving has also increased by one point...

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