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- NS&I launches inflation-beating UK savings accounts - 29th April, 2009
New savings accounts have been launched in the UK by National Saving and Investments (NS&I), the government-backed savings account provider.
The two new issues of inflation-beating savings - also known as Index-linked Savings Certificates - give UK savers the chance to invest up to £15,000 tax-free... - ISA savings accounts 'may be right for first time savers' - 28th April, 2009
ISA savings accounts can offer attractive rates of return and may be the best option for first-time savers, according to one expert.
Kevin Mountford, head of banking at moneysupermarket.com, said that ISA savings accounts often offer some of the most competitive interest rates and that this, combined with the tax-free interest earnings, could be best for many savers... - ISA savings accounts prove popular at Clydesdale Bank - 27th April, 2009
Clydesdale Bank has announced that the total funds deposited by its ISA savings accounts has risen recently, suggesting that the accounts are becoming increasingly popular as a method of saving.
The bank attributes the ten per cent increase in deposits to the fact that its ISA savings accounts now offer a two-tier interest rate, meaning that customers who save more than £24,000 are paid two per cent interest... - Best ISA savings accounts revealed - 24th April, 2009
Moneyfacts.co.uk has published a list of the best cash ISA savings accounts in terms of the rate of returns offered and performance over the course of last year.
The company found that Alliance & Leicester's Premier ISA took the top spot last year, but as it was only available to the bank's current account customers it was disqualified.
Out of the other ISA savings accounts, Bradford and Bingley's one year fixed-rate ISA performed the best, as it offered an interest rate of 6.25 per cent, which would have amounted to a return of £3,825 on a £3,600 deposit... - ISA savings account limits increase - 23rd April, 2009
ISA savings account regulations have been changed by the government, enabling savers in the UK to earn more tax-free interest.
Alistair Darling announced the move, which will see the tax-free allowance on ISA savings accounts increased to £10,200 from its current £7,200, as part of his new Budget yesterday... - ISA savings account changes 'may encourage savings habit' - 23rd April, 2009
Changes to the regulations governing ISA savings accounts may help encourage a national savings habit in the UK, according to one finance expert from Abbey.
The bank conducted a survey recently which showed that 43 per cent of savings account customers in the UK do not currently have an ISA savings account.
Of these, just 22 per cent are planning to open a cash ISA savings account in the next year and 28 are undecided... - Savings accounts in the UK 'suffer with low interest rates' - 22nd April, 2009
Savings accounts in the UK are not offering the returns they once were thanks to the currently low rates of interest, according to research released recently.
Moneyfacts.co.uk said recent inflation figures reveal that the real return after basic tax and inflation on an average no-notice savings account is 1.06 per cent for one measure of inflation, the retail price index... - ISA savings accounts should be reformed, says Nationwide - 21st April, 2009
Nationwide has called upon the government to make changes in the regulations governing ISA savings accounts in the UK as part of this year's budget.
The building society has written to the chancellor recommending that he increase the flexibility and simplicity of ISA savings accounts, as many people in the UK are still failing to take advantage of their full tax-free savings allowance... - Savings accounts in the UK 'hit a low' - 15th April, 2009
Savings accounts in the UK have hit a low, according to statistics published by Nationwide Building Society.
The savings account provider revealed that its Savings Index fell to 73 at the end of March, down from 101 last September.
Nationwide's Savings Index takes into account a variety of factors including the amount people save and the frequency with which they make deposits... - One-quarter of people save nothing, says Nationwide - 15th April, 2009
Nationwide Building Society has conducted research which reveals that one quarter of its customers have no money stashed away in savings accounts in the UK.
The financial services provider conducted a survey of saving habits which reveals that many Brits do not have any savings to fall back on, despite the increasing risk of redundancy during the recession...