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  • Money saving tips for financial spring clean - 15th April, 2009

    Fairinvestment.co.uk has published a list of money saving tips aimed at helping consumers in the UK give their finances a spring clean as the warmer weather arrives.
    The tips include shopping around for the best cheap bargain deals on savings accounts, something that just five per cent of Brits have tried, despite the recent falls in many savings account rates in the UK.
    According to the website, making overpayments on a mortgage is another useful money saving tip that may help households beat the recession, by paying off their debts earlier than expected...

  • Bank of England leaves interest rates untouched - 14th April, 2009

    The Bank of England has announced that it will not make any changes to the base rate of interest this month, a decision which could be good news for savings account holders in the UK.
    In its monthly meeting, the bank's monetary policy committee (MPC) voted to leave the rate at 0.5 per cent. This may induce high street savings account providers to leave their savings account rates similarly untouched.
    The Bank of England also announced that it will be continuing with its asset purchase programme...

  • Bank decision "will be welcomed by savers" - 14th April, 2009

    Analysts at Moneynet.co.uk have claimed that the Bank of England's decision to leave interest rates untouched will be welcomed by savings account holders in the UK.
    The decision by the bank's monetary policy committee (MPC) means that the base rate of interest will remain at 0.5 per cent, which may persuade high street savings account providers to leave their rates untouched...

  • AXA warns on life insurance and savings accounts in the UK - 6th April, 2009

    Life insurance policies and savings accounts in the UK are being neglected by many people, it has been suggested.
    AXA, which recently announced it would be providing investment and protection products to Clydesdale and Yorkshire Bank's customers, claimed that many Britons are turning a blind eye to what could happen should they be affected by illness, death or loss of income...

  • Abbey warns savers on UK ISAs - 2nd April, 2009

    With just days left to go in the current financial year, savers are being urged to take advantage of the tax-free allowances in their UK ISAs.
    The financial year ends on April 5th, but 13 per cent of savers questioned by Alliance & Leicester have not reached the limit of their cash ISA savings accounts...

  • UK ISAs heading online - 2nd April, 2009

    Savers looking to transfer the balance on their ISA savings accounts are now able to do so online with a number of providers.
    Lloyds, Halifax, Bank of Scotland, NatWest and Abbey are among the institutions to allow customers to embrace this new way of managing their UK ISAs...

  • 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...

  • 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...

  • 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...

  • ISA savings account rates up - 25th March, 2009

    ISA savings accounts interest rates have risen in the UK in recent weeks, according to the latest research published by Moneynet.co.uk.

    The company conducted a survey of savings account providers and found that the average rate of interest offered on a regular cash ISA savings account with a £3,600 tax-free savings limit rose from 1.63 per cent to 2.01 per cent between January and February...

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