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- Abbey Savings 'paints portrait of UK savers' - 11th March, 2009
The 'typical' savings account holder in the UK has been identified in research by Abbey Savings.
Abbey conducted a survey of its UK savings account holders which revealed that the typical saver puts £163 per month into an ISA savings account, but is saving £54 less per month compared with the same period last year... - Barclays: Investment individual savings accounts in the UK becoming popular - 10th March, 2009
Investment individual savings accounts (ISAs) in the UK are gaining popularity among the country's investors according to Barclays, as many of them are reassessing their portfolios in light of the low base rate.
The bank's stockbroker division, which provides investment advice for its customers, found that 42 per cent of Investment ISA clients are currently reviewing their investment portfolios.
As a result, Barclays has recorded a 67 per cent increase in the number of new Investment ISA accounts opened this year compared to 2008... - Switching to cheap car insurance 'saves more than savings accounts' - 10th March, 2009
Research released recently has revealed that people are more likely to make savings by switching to cheap car insurance than they are by changing their savings account provider.
Individual savings accounts (ISAs) in the UK enable Brits to save the full tax-free amount allowable in a cash ISA this year, which is £3,600.
Gocompare.com calculates Brits would earn interest of £129.96 on this amount with the best buy ISA.
However, data from the website suggests that motorists can save an average of £207 on their annual motor car insurance renewal premium by switching to a cheap car insurance provider... - The Nottingham launches savings account in the UK - 9th March, 2009
The Nottingham Building Society has announced the launch of a new savings account in the UK which is aimed specifically at children.
Catering for the needs of children under the age of 16 years, the new savings account will offer a guaranteed rate of interest of five per cent until 2010.
The Child Regular Saver, as the new account is called, will enable parents, grandparents and relatives to make regular contributions of up to £100 every month and as many withdrawals as they like without incurring any penalty... - Alliance & Leicester launches new investment products - 9th March, 2009
Alliance & Leicester, part of the Santander group which provides basic bank accounts and savings accounts in the UK, has announced the launch of two guaranteed investment products.
The first of the products, which is the 20th issue of the Guaranteed Growth Plan, offers investors a return of up to 50 per cent of the averaged increase in value of the Halifax House Price Index over a three-and-a-half-year period... - Yorkshire aims to protect savings accounts in the UK - 6th March, 2009
Yorkshire Building Society has promised to protect savings accounts in the UK from the worse effects of interest rate cuts.
The institution said it was "disappointed" by the Bank of England's decision to reduce the base rate of interest from one per cent to 0.5 per cent, but pledged that it would not pass the cut on in full... - Co-operative: More than 1 in 10 to shun UK ISAs - 5th March, 2009
New research has found that 13 per cent more people will forgo their ISA savings accounts allowance compared to last year.
Statistics from The Co-operative highlight the impact of the recession on savers with the company's annual ISA intentions report showing that almost three-quarters (73 per cent) of those yet to invest in an ISA during the current tax year not planning to do so before April 5th... - Principality adds to its ISA savings accounts - 3rd March, 2009
Building society Principality has announced a new 3.30 per cent AER two-year fixed-rate ISA and has offered some money saving tips.
The society is urging those who do not have ISA savings accounts to make the most of their tax-free allowance before the April deadline passes.
Principality has also revealed that there has been a jump in the level of fixed-term accounts opened, with numbers increasing almost threefold from 44,000 in 2007 to 108,000 last year.
James Wright, marketing director of Principality, says that, before the ISA deadline passes, now represents the "perfect opportunity for savers to take the cash they have in ordinary low-interest accounts and put it in an ISA that will give them an excellent return on their money, guaranteed"... - Savings accounts in the UK 'could be hit by rate cuts' - 3rd March, 2009
Those with savings accounts in the UK could be badly hit if interest rates are cut this week, it has been argued.
The Building Societies Association (BSA) said that a decision to lower the base rate from its current level of 0.5 per cent could spell bad news for savers... - Youngsters becoming 'serious savers by the age of 7' - 2nd March, 2009
It has been claimed that children are becoming fiscally aware at a younger age.
Wendy van den Hende, chief executive of the Personal Finance and Education Group (PFEG), has claimed that today's intricate financial world is turning youngsters into efficient "money managers"...