Best of the Week
Most Popular
1.US Paving the Way for Massive First Strike on North Korea Nuclear and Missile Infrastructure - Nadeem_Walayat
2.Trump Reset: US War With China, North Korea Nuclear Flashpoint - Video - Nadeem_Walayat
3.Silver Junior Mining Stocks 2017 Q2 Fundamentals - Zeal_LLC
4.Soaring Inflation Plunges UK Economy Into Stagflation, Triggers Government Pay Cap Panic! - Nadeem_Walayat
5.The Bitcoin Blueprint To Your Financial Freedom - Sean Keyes
6.North Korea 'Begging for War', 'Enough is Enough', is a US Nuclear Strike Imminent? - Nadeem_Walayat
7.Bitcoin Hits All-Time High and Smashes Through $5,000 As Gold Shows Continued Strength - Jeff_Berwick
8.2017 is NOT "Just Another Year" for the Stock Market: Here's Why - EWI
9.Gold : The Anatomy of the Bottoming Process - Rambus_Chartology
10.Bitcoin Falls 20% as Mobius and Chinese Regulators Warn - GoldCore
Last 7 days
Stock Market Time to Go All-in. Short, That Is - 19th Oct 17
How Gold Bullion Protects From Conflict And War - 19th Oct 17
Stock Market Super Cycle Wave C May Have Started - 19th Oct 17
Negative Expectations, Will the Stock Market Correct? - 19th Oct 17
Knowing the Factors Affect your Car Insurance Premium - 19th Oct 17
Getting Your Feet Wet In Crypto Currencies - 19th Oct 17
10 Years Ago Today a Stocks Bear Market Started - 19th Oct 17
1987 Stock Market Crash 30th Anniversary Greatest Investing Lesson Learned - 19th Oct 17
Virgin Media Broadband Down, Catastrophic UK Wide Failure! - 19th Oct 17
The Passive Investing Bubble May Trigger A Massive Exodus from Stocks - 18th Oct 17
Gold Is In A Dangerous Spot - 18th Oct 17
History Says Global Debt Levels Will Lead to Another Crisis - 18th Oct 17
Deflation Basics Series: The Quantity Theory of Money - 18th Oct 17
Attractive European Countries for Foreign Investors - 18th Oct 17
Financial Transcription Services – What investors should know about them - 18th Oct 17
Brexit UK Vulnerable As Gold Bar Exports Distort UK Trade Figures - 18th Oct 17
Surge in UK Race Hate Crimes, Micro-Racism, Sheffield, Millhouses Park, Black on Asian - 18th Oct 17
Comfortably Numb: Surviving the Assault on Silver - 17th Oct 17
Are Amey Street Tree Felling's Devaluing Sheffield House Prices? - 17th Oct 17
12 Real-Life Techniques That Will Make You a Better Trader Now - 17th Oct 17
Warren Buffett Predicting Dow One Million - Being Bold Or Overly Cautious? - 17th Oct 17
Globalization is Poverty - 17th Oct 17
Boomers Are Not Saving Enough for Retirement, Neither Is the Government - 16th Oct 17
Stock Market Trading Dow Theory - 16th Oct 17
Stocks Slightly Higher as They Set New Record Highs - 16th Oct 17
Why is Big Data is so Important for Casino Player Acquisition and Retention - 16th Oct 17
How Investors Can Play The Bitcoin Boom - 16th Oct 17
Who Will Be the Next Fed Chief - And Why It Matters  - 16th Oct 17
Stock Market Only Minor Top Ahead - 16th Oct 17
Precious Metals Sector is on Major Buy Signal - 16th Oct 17
Really Bad Ideas - The Fed Should Have And Defend An Inflation Target - 16th Oct 17
The Bullish Chartology for Gold - 15th Oct 17
Wikileaks Mocking US Government Over Bitcoin Shows Why There Is No Stopping Bitcoin - 15th Oct 17
How to Wipe Out Puerto Rico's Debt Without Hurting Bondholders - 15th Oct 17
Gold And Silver – Think Prices Are Manipulated? Look In The Mirror! - 15th Oct 17
Q4 Pivot View for Stocks and Gold - 14th Oct 17
Gold Mining Stocks Q3’17 Preview - 14th Oct 17
U.S. Mint Gold Coin Sales and VIX Point To Increased Market Volatility and Higher Gold - 14th Oct 17
Yuan and Gold - 14th Oct 17
Tips for Avoiding a Debt Meltdown - 14th Oct 17
Bitcoin Hits New All-Time High Above $5,000 As Lagarde Concedes Defeat and Jamie Demon Shuts Up - 13th Oct 17
Golden Age for GOLD, Dark Age for the Stock Market - 13th Oct 17
The Struggle for Bolivia Is About to Begin - 13th Oct 17
3 Reasons to Take Your Invoicing Process Mobile - 13th Oct 17
What Happens When Amey Fells All of a Streets Trees (Sheffield Tree Fellings) - Video - 13th Oct 17
Stock Market Charts Show Smart Money And Dumb Money Are Moving In Opposite Directions—Here’s Why - 12th Oct 17
Your Pension Is a Lie: There’s $210 Trillion of Liabilities Our Government Can’t Fulfill - 12th Oct 17
Two Highly Recommended Books from Bob Prechter - 12th Oct 17

Market Oracle FREE Newsletter

Category: Savings Accounts

The analysis published under this category are as follows.

Personal_Finance

Tuesday, July 18, 2017

Fixed Interest Rate Bond Rises Fuel Recovery in UK Savings Market / Personal_Finance / Savings Accounts

By: MoneyFacts

The latest data from moneyfacts.co.uk reveals that the savings market has now had six consecutive months wherein rate rises have outweighed cuts, with June seeing 125 rises versus 21 cuts.

Fixed rate bonds have been playing a huge part in the recovery of the market since the start of 2017, with last month showing that 78% of the recorded rate rises were for fixed rate bonds.

Read full article... Read full article...

 


Personal_Finance

Tuesday, July 11, 2017

One-year Fixed Savings Interest Rates Hit Highest Level Since Base Rate Cut / Personal_Finance / Savings Accounts

By: MoneyFacts

It’s now been 11 months since the Bank of England cut the base rate to 0.25%, and many savers will have felt the impact. Thankfully, there have been some signs of life recently, with challenger banks increasing rates considerably on their one-year fixed rate bonds.

According to the latest research by moneyfacts.co.uk, the average one-year fixed bond rate has now hit 1.11%, which is the highest recorded rate since 4 August 2016.

Read full article... Read full article...

 


Personal_Finance

Tuesday, June 13, 2017

UK Savers’ Apathy Can Cause them to Miss the Best Deals / Personal_Finance / Savings Accounts

By: MoneyFacts

Data from moneyfacts.co.uk can reveal that the savings market has shown some signs of improvement since the start of 2017, with the number of savings rate rises outweighing cuts for the fifth month running. In fact, rises outnumbered cuts by a third, as Moneyfacts recorded 95 rate rises in May versus 60 rate reductions.

Read full article... Read full article...

 


Personal_Finance

Tuesday, March 28, 2017

Savers Maximise the Personal Savings Allowance for Bigger Returns / Personal_Finance / Savings Accounts

By: MoneyFacts

As a new tax year approaches, savers may well be readying their cash to invest in a new ISA, but the latest research by Moneyfacts.co.uk reveals why savers should still consider maximising their Personal Savings Allowance (PSA) for bigger returns.

Since April 2016, savers have been given an individual Personal Savings Allowance to earn a portion of savings income or interest tax-free, with basic rate (20%) tax payers given a £1,000 allowance and higher rate (40%) taxpayers getting £500. This momentous change means that now most taxpayers (estimated at 95%) no longer pay tax on their savings interest.

Read full article... Read full article...

 


Personal_Finance

Tuesday, January 17, 2017

Rising UK Inflation Means it’s Still a Dreadful time to be a Saver / Personal_Finance / Savings Accounts

By: MoneyFacts

Data from Moneyfacts.co.uk can reveal that rate reductions in the savings market have now outweighed rate rises for 15 consecutive months.

In December, Moneyfacts recorded 21 savings rate rises. Disappointingly, rate reductions over the same period outshone this figure, with the number of rate decreases standing at 84 – which translates to four cuts to every rate rise – and some deals falling by as much as 0.60%, much higher than the current Bank of England Base Rate of 0.25%.

Read full article... Read full article...

 


Personal_Finance

Monday, December 19, 2016

UK Savings Trends Treasury Report 2016 - A Year of Misery / Personal_Finance / Savings Accounts

By: MoneyFacts

Moneyfacts UK Savings Trends Treasury Report data, yet to be published, highlights that all of the banking groups have cut rates in 2016’s race to the bottom.

Read full article... Read full article...

 


Personal_Finance

Monday, November 28, 2016

The Sad Truth of Saving for the Future / Personal_Finance / Savings Accounts

By: MoneyFacts

Savers are no doubt aware of the struggle to earn a decent return in the current market. Interest rates are at record lows and there is little incentive for consumers to put money aside, particularly if they have a short-term savings goal. As a result, savers may be facing a savings shortfall for the future.

The latest research from Moneyfacts.co.uk shows the significant difference in the amount of interest on offer today compared to previous years, and how much savers are losing out on.

Read full article... Read full article...

 


Personal_Finance

Sunday, November 27, 2016

How to Beat UK Savings Crisis with Child Junior Cash ISA, Pension's and Life-time ISA / Personal_Finance / Savings Accounts

By: Nadeem_Walayat

Britain's spanking new Chancellor, Philip Hammond recently threw some scraps at Britain's hard pressed savers with his 2.2% savings bond due to go live early 2017 by which time the CPI Inflation will be nudging 3% and RPI 4%, which illustrates its just a smoke and mirrors exercise, and even then will be limited to a measly £3k investment fixed for 3 years.

UK inflation is set to soar as I covered in my earlier analysis. And so the chancellors announcement does nothing to prevent the inevitable stealth theft of purchasing power of peoples hard earned savings and wages.

Read full article... Read full article...

 


Personal_Finance

Thursday, November 24, 2016

New NS&I 2.2% Savings Bond Ahead of 2017 Stealth Inflation Theft of Purchasing Power / Personal_Finance / Savings Accounts

By: Nadeem_Walayat

With my forecast for CPI inflation expected to accelerate to over 3% per annum during 2017 and RPI perhaps nudging above 4%. The chancellor Philip Hammond in his first and last Autumn statement took the time to announce a 3 year fixed rate NS&I savings bond paying 2.2% available to all over age 16 from spring 2017. Yes 'currently' with RPI at 2%, 2.2% whilst not great sounds reasonable given the desert like landscape of today's savings market. But by the time it actually goes live and becomes available to UK savers, the now near decade long trend of the stealth theft of the purchasing power of peoples earnings and savings will continue which this propaganda bond will not provide any protection against, especially since its capped at just £3k!

Read full article... Read full article...

 


Personal_Finance

Tuesday, October 18, 2016

Savers have Little to look forward to as Interest Rate Cuts Keep Coming / Personal_Finance / Savings Accounts

By: MoneyFacts

Data from Moneyfacts.co.uk can reveal that rate reductions in the savings market have now outweighed rate rises for 12 consecutive months.

In September, Moneyfacts recorded 29 savings rate rises. Disappointingly, rate reductions over the same period completely outshone this figure, with the number of rate decreases standing at 164 – which translates to around six cuts to every rate rise – with some deals falling by as much as 0.75%.

Read full article... Read full article...

 


Personal_Finance

Monday, October 17, 2016

UK Savings Trends Treasury Report – product numbers fall to record low / Personal_Finance / Savings Accounts

By: MoneyFacts

Moneyfacts UK Savings Trends Treasury Report data, yet to be published, highlights that the total number of savings products has fallen to an all-time low, with a staggering 274 savings products withdrawn from the market since January.

Read full article... Read full article...

 


Personal_Finance

Tuesday, October 11, 2016

Child Savings Accounts Face Gruelling Interest Rate Cuts / Personal_Finance / Savings Accounts

By: MoneyFacts

It is unusual to see a mass of rate cuts on children’s savings accounts, but the latest research by Moneyfacts.co.uk reveals this is exactly what’s happening. More than 100 rate cuts have been made over the course of 2016 to child savings accounts, so much so that some deals are now paying as little as 0.10% per year.

Read full article... Read full article...

 


Personal_Finance

Monday, September 19, 2016

Dramatic Falls in UK Savings Interest Rates / Personal_Finance / Savings Accounts

By: MoneyFacts

Moneyfacts UK Savings Trends Treasury Report data, yet to be published, highlights that long-term fixed rate bonds and ISAs have fallen, with long-term fixed rate ISAs falling for 11 consecutive months, plummeting to all-time lows yet again.

Read full article... Read full article...

 


Personal_Finance

Tuesday, September 13, 2016

Relentless Interest Rate Cuts are a Deterrent to Savers / Personal_Finance / Savings Accounts

By: MoneyFacts

Data from Moneyfacts.co.uk can reveal that rate reductions in the savings market have now outweighed rate rises for eleven consecutive months and that August has officially become the worst month this year for cuts.

In August, Moneyfacts recorded three savings rate rises. Disappointingly, rate reductions over the same period completely outshone this figure, with the number of rate decreases standing at a staggering 388, which translates as around 130 cuts to every rate rise, and some deals fell by as much as 1.30%.

Read full article... Read full article...

 


Personal_Finance

Monday, August 01, 2016

Best Fixed Rate Savings Deals Vanish from Sight! / Personal_Finance / Savings Accounts

By: MoneyFacts

Savers have had it rough over the years and with endless cuts decimating the market, some potential investors may not realise that a few best buy savings deals are in fact disappearing altogether.

Indeed, research from Moneyfacts.co.uk can reveal that in July there were 13 best buy savings deals withdrawn entirely from the market, that have yet to be replaced. Some of the best deals have only sat on the shelf for a week* before being closed to new customers, a clear sign that providers can not cope with the onslaught of new savers looking for a home for their cash.

Read full article... Read full article...

 


Personal_Finance

Tuesday, July 19, 2016

UK Savings Interest Rates Fall to Record Lows / Personal_Finance / Savings Accounts

By: MoneyFacts

Data from Moneyfacts.co.uk can reveal that rate reductions in the savings market have now outweighed rate rises for nine consecutive months.

In June, Moneyfacts recorded just 14 savings rate rises. Disappointingly, rate reductions over the same period completely outshone this figure, with the number of rate decreases standing at a staggering 117, with some deals falling by as much as 1.30%.

Read full article... Read full article...

 


Personal_Finance

Monday, July 11, 2016

UK Savings Market Review / Personal_Finance / Savings Accounts

By: MoneyFacts

As far as the savings market was concerned, the first half of 2016 was a total wipe-out. In fact, research from Moneyfacts.co.uk shows that, since the start of the year, savers have witnessed a vast number of rate cuts, which have caused rates to plummet to new lows. For example, the average five-year fixed rate has fallen by a whopping 0.63% since January this year.

Read full article... Read full article...

 


Personal_Finance

Tuesday, June 14, 2016

Savings Rate Cuts Hit ISAs Hard / Personal_Finance / Savings Accounts

By: MoneyFacts

Data from Moneyfacts.co.uk can reveal that rate reductions in the savings market have now outweighed rate rises for eight consecutive months.

In May, Moneyfacts recorded just 18 savings rate rises. Disappointingly, rate reductions over the same period completely outshone this figure, with the number of rate decreases standing at a staggering 156, with some deals falling by as much as 2.00%.

Read full article... Read full article...

 


Personal_Finance

Tuesday, May 10, 2016

UK Savers Reap the Rewards of Regular Savings Accounts / Personal_Finance / Savings Accounts

By: MoneyFacts

With the savings market in steady decline, it’s hard to believe there is any positive savings news. However, research by Moneyfacts.co.uk reveals that there is one sector that is giving savers a glimmer of hope – regular savings accounts have turned against the flow of rate cuts, and as a result, the average fixed regular saving rate has risen by 0.10% in just the last six months.

Read full article... Read full article...

 


Personal_Finance

Tuesday, May 03, 2016

Long-term Fixed Savings Interest Rates Fall / Personal_Finance / Savings Accounts

By: MoneyFacts

Savers looking to boost their savings pots will no doubt look for accounts that pay the highest rates of interest, which typically come from long-term fixed rate savings bonds. However, savers may be disappointed by the deals on offer for rates in this sector have recently hit new lows thanks to an onslaught of rate cuts.

Read full article... Read full article...

 


Personal_Finance

Tuesday, April 19, 2016

UK Savers Loyalty Doesn’t Pay / Personal_Finance / Savings Accounts

By: MoneyFacts

Loyalty savings products are often marketed as exclusive deals that are only available to the select few who hold the right products. If you fit the criteria, this can be a tempting offer, but these deals don’t necessarily offer the best rates on the market.

Moneyfacts.co.uk analysed products that are only available to customers who hold existing accounts with the provider and found that they would actually be better off shopping around, something that is clearly illustrated in the table below.

Read full article... Read full article...

 


Personal_Finance

Tuesday, April 12, 2016

Cold Shoulder for UK Savers as Market is Hit by Interest Rate Cuts / Personal_Finance / Savings Accounts

By: MoneyFacts

Data from Moneyfacts.co.uk can reveal that rate reductions in the savings market have now outweighed rate rises for six consecutive months.

In March, Moneyfacts recorded just 18 savings rate rises. Disappointingly, rate reductions over the same period completely overshadowed this figure, with the number of rate decreases over the month hitting 123, which means that 87% of rate changes were cuts.

Read full article... Read full article...

 


Personal_Finance

Tuesday, March 22, 2016

UK Savings Interest Rate Landslide / Personal_Finance / Savings Accounts

By: MoneyFacts

Data from Moneyfacts.co.uk can reveal that rate reductions in the savings market have now outweighed rate rises for five consecutive months.

In February, Moneyfacts recorded just 12 savings rate rises. Disappointingly, rate reductions over the same period completely outshone this figure, with the number of rate decreases over the month standing at a staggering 235, with some deals falling by as much as 0.74%.

Read full article... Read full article...

 


Personal_Finance

Tuesday, February 16, 2016

Savers Brace for More Savings Interest Rate Cuts / Personal_Finance / Savings Accounts

By: MoneyFacts

Data from Moneyfacts.co.uk can reveal that rate reductions in the savings market have now outweighed rate rises for four consecutive months, the first time this has happened since daily rate change monitoring began.*

In January, Moneyfacts recorded just 21 savings rate rises, with only one deal posting a significant increase of 0.20%. Disappointingly, rate reductions over the same period completely eclipsed this figure, with the number of rate decreases over the month standing at a staggering 138, with some deals falling by as much as 0.75%.

Read full article... Read full article...

 


Personal_Finance

Monday, February 01, 2016

Savers Wait for a Miracle as the Savings Market Stagnates / Personal_Finance / Savings Accounts

By: MoneyFacts

The savings market has suffered considerably over the past few years thanks to lending initiatives and a low bank base rate, and the latest research from Moneyfacts.co.uk shows that savings rates have been on a clear downward trajectory as a result.

Since 2011, the average rate on a two-year fixed bond has almost halved, down from 3.20% five years ago to just 1.72% today. A similar pattern can be seen on longer-term bonds, with five-year fixed rates recording a drop from 4.01% to just 2.59% over the same period. Easy access deals have not been left unscathed from poor returns either, with a staggering 75% of the market paying 1% or less.

Read full article... Read full article...

 


Stock-Markets

Tuesday, January 19, 2016

UK Savers Have the January Blues / Stock-Markets / Savings Accounts

By: MoneyFacts

Data from Moneyfacts.co.uk can reveal that rate reductions in the savings market have now outweighed rate rises for three consecutive months, the first time this has happened since daily rate change monitoring began.*

In the month of December, Moneyfacts recorded just 30 savings rate rises, with only one deal posting a significant increase of 0.50%. Disappointingly, rate reductions over the same period completely eclipsed this figure, with the number of rate decreases over the month standing at 93, with some deals falling by as much as 0.55%.

Read full article... Read full article...

 


Personal_Finance

Monday, January 11, 2016

A brand new year, but the same-old savings rates / Personal_Finance / Savings Accounts

By: MoneyFacts

The start of the New Year has prompted many to resolve to put more aside more money for a rainy day. However, while savers’ intentions are in the right place, Moneyfacts.co.uk’s research shows that few may be encouraged to follow through thanks to less than enticing savings rates.

In fact, the average easy access ISA rate has fallen by 0.19% from two years ago to stand at 1.06% yearly, the lowest level Moneyfacts.co.uk has ever recorded.

Read full article... Read full article...

 


Personal_Finance

Tuesday, December 22, 2015

UK Savers - Make Sure Your Bank Deposits Are Protected / Personal_Finance / Savings Accounts

By: MoneyFacts

Most banks looking for deposits from UK consumers have a UK banking licence and deposits with them are covered by the UK Financial Services Compensation Scheme (FSCS) for up to £85,000 per person (reducing to £75,000 per person from 1 January 2016).

However, European banks are also allowed to operate in the UK under their home country’s regulations. This is called passporting.

Read full article... Read full article...

 


Personal_Finance

Monday, December 21, 2015

UK Savings Interst Rates Recap of 2015 / Personal_Finance / Savings Accounts

By: MoneyFacts

This year we have seen new brands enter the savings market and Government proposals to encourage people to save, either towards their first home, or to secure a higher return of interest during retirement.

Read full article... Read full article...

 


Personal_Finance

Tuesday, December 15, 2015

Santa Claus…. Where’s My Interest? / Personal_Finance / Savings Accounts

By: MoneyFacts

Data from Moneyfacts.co.uk can reveal that rate reductions in the savings market are now outweighing rate rises for the first time since daily rate change monitoring began.*

In the month of November, Moneyfacts recorded 36 savings rate rises, with only one deal posting a significant increase of 0.80%. Disappointingly, these rises were eclipsed by the 73 rate reductions that took place over the same period, with some rates falling by a massive 0.86%.

Read full article... Read full article...

 


Personal_Finance

Monday, November 30, 2015

Savers Start Saving for Christmas… 2016! / Personal_Finance / Savings Accounts

By: MoneyFacts

Christmas is just around the corner and our annual festive splurging is starting to step up. But with households expected to spend an average of £614.96* on Christmas this year, many are wondering why they didn’t put more money aside for the festivities.

Although it may seem a little early to start thinking about Christmas 2016, the fact that many of the best savings deals are fixed for 12 months means that, if you start now, your savings account will mature just in time for next year’s spending spree (see table below).

Read full article... Read full article...

 


Personal_Finance

Monday, November 23, 2015

Building Societies Aiming to Win Over Savers From the Banks / Personal_Finance / Savings Accounts

By: MoneyFacts

It appears that the big banks have deserted savers, with multiple rate reductions causing their products to drop lower and lower in the market. However, building societies have used this to their advantage, by offering savers a local alternative to the mainstream banks.

Moneyfacts.co.uk has compared the savings offerings of building societies and banks and found that building societies are the irrefutable winners, as is highlighted in the table below.

Read full article... Read full article...

 


Personal_Finance

Sunday, November 15, 2015

A Simple myRA “Hack” to Supercharge Your Savings Interest Earnings / Personal_Finance / Savings Accounts

By: Investment_U

Andrew Snyder writes: For income investors, times have rarely been harder. But Obama may have just accidentally created a lucrative solution.

We all know the problem. The Fed.

In its effort to keep the Great Recession from turning into something even worse, the country’s monetary maestros cut rates and kept them there. More than eight years after pulling rates lower, interest rates remain, in the simplest terms, dead.

Read full article... Read full article...

 


Personal_Finance

Monday, October 26, 2015

Children’s Savings Account Rates Worsen / Personal_Finance / Savings Accounts

By: MoneyFacts

The latest research by Moneyfacts.co.uk reveals that some child savings accounts have received shocking rate cuts over the course of 2015, with some deals now paying as little as 0.10% yearly.

The average children’s savings account currently pays 1.56% yearly*, down from the 1.61% paid a year ago. While this may seem like only a small drop across the market, this average masks the fact that some individual deals have had severe rate cuts.

Read full article... Read full article...

 


Personal_Finance

Friday, October 23, 2015

Coventry Building Society’s Poppy Fixed Rate Bond 2.35% for 3 Years / Personal_Finance / Savings Accounts

By: MoneyFacts

Coventry Building Society has re-launched its popular Poppy Bond, which pays a fixed yearly rate of 2.35% until 31.12.18 (2.33% gross, 2.36% AER monthly). The account has a minimum opening investment of just £1 but any additions will need to be made within 14 days of the account opening or before closure of the issue, whichever is later. A donation equating to 0.15% of the total invested balance will be paid to The Royal British Legion by the society.

Read full article... Read full article...

 


Personal_Finance

Tuesday, October 13, 2015

Challenger Banks Herald a Savings Market New Dawn / Personal_Finance / Savings Accounts

By: MoneyFacts

Data from Moneyfacts.co.uk reveals that fierce competition is leading to encouraging signs of improvement in the savings market.

In the month of September, Moneyfacts has recorded 104 savings rate rises, with some increases being as high as 0.45%. This dwarfs the 28 rate reductions that have taken place over the same period. As a result, the best one-year fixed rate bond has increased from 1.90% a year ago to 2.10% today.

Read full article... Read full article...

 


Personal_Finance

Monday, September 14, 2015

How You Can Win the Government's War on Cash / Personal_Finance / Savings Accounts

By: ...

MoneyMorning.com Peter Krauth writes: Most point to the bankruptcy of Lehman Brothers as the main trigger of the 2008 financial crisis.

Perhaps equally as important, but certainly not as well-covered, is what happened the following day…

Read full article... Read full article...

 


Personal_Finance

Thursday, August 27, 2015

The Ultimate Cash-Management Guide / Personal_Finance / Savings Accounts

By: DailyWealth

Dr. David Eifrig writes: No one talks about how to manage your cash.
 
As regular readers know, we suggest holding cash in an emergency fund and in your portfolio. If you've followed our advice, you likely have tens, and maybe hundreds, of thousands of dollars in cash.
 
But you need to give some thought to where you put it...
Read full article... Read full article...

 


Personal_Finance

Tuesday, August 04, 2015

Cutthroat Competition for UK One-year Fixed Rate Savings Bond / Personal_Finance / Savings Accounts

By: MoneyFacts

Over the past few years savers have had little to be cheerful about; however, research form Moneyfacts.co.uk can reveal that the savings market is once again showing signs of life.

Now that new banks are stepping onto the scene and competing for savers’ cash, Moneyfacts.co.uk has seen rates for one-year fixed rate bonds increase for one of the first times since the Funding for Lending scheme was introduced.

Read full article... Read full article...

 


Personal_Finance

Wednesday, July 29, 2015

Regular Saving Accounts to the Rescue of Savers / Personal_Finance / Savings Accounts

By: MoneyFacts

Research by Moneyfacts.co.uk reveals that savvy savers who use regular savings accounts for their short-term savings goals are reaping the rewards, earning more interest than with any other standard savings account.

Savings rates have been obliterated in recent years, but regular savers have remained relatively unscathed; Best Buy deals have stayed on top for the last two years and average rates have resisted a dramatic downward spiral.

Read full article... Read full article...

 


Personal_Finance

Tuesday, July 21, 2015

RCI Bank UK’s Freedom Savings Account / Personal_Finance / Savings Accounts

By: MoneyFacts

RCI Bank UK is bound to shake up the easy access market yet again with an increase to its Freedom Savings Account, which now pays 1.65% from a minimum investment of £100.

Read full article... Read full article...

 


Personal_Finance

Tuesday, June 09, 2015

UK Savings Interest Rates on Best Notice Accounts Hit Two-year Highs / Personal_Finance / Savings Accounts

By: MoneyFacts

Rachel Springall, Finance Expert at Moneyfacts.co.uk, comments: “Savers who are chasing down a good deal would be wise to stand up and take notice of the news that the average interest rate for notice accounts has hit a two-year high of 0.91% year-on-year*.

“Although some may still argue that easy access accounts are a more favourable vehicle for savers’ cash, these can carry disguised penalties in the form of restricted withdrawals.

Read full article... Read full article...

 


Personal_Finance

Sunday, February 15, 2015

Will Pensioner Bonds Election Bribe Lift General UK Savings Interest Rates from Catastrophic Lows? / Personal_Finance / Savings Accounts

By: Nadeem_Walayat

The recent news for the extension of the Coalition Government's 4% Pensioner Bonds election bribe for a further 3 months to at least Mid May 2015 looks set to soak up at least £25 billion of the savings held by interest rate starved pensioners at an estimated cost to the tax payer of at least £1.2 billion. Whilst the bond is only open to the over 65's, nevertheless it will result in a flow of funds away from the commercial banks and to the government run NS&I that should prompt at least a limited rise in savings interest rates, especially for the directly competing fixed rate bonds such as the 3 and 4 year bonds that could now nudge above 3%.

Read full article... Read full article...

 


Personal_Finance

Tuesday, December 16, 2014

UK CPI Inflation Falls - ‘Bah humbug’ Christmas for Savers / Personal_Finance / Savings Accounts

By: MoneyFacts

Inflation figures released today show that the Consumer Prices Index (CPI) fell from 1.3% to 1% during November.

To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 1.25% per annum, while a higher rate taxpayer at 40% needs to find an account paying at least 1.67%.

Read full article... Read full article...

 


Personal_Finance

Thursday, October 02, 2014

Don’t Expect a Life Vest to Save You from Low Interest Rates / Personal_Finance / Savings Accounts

By: Don_Miller

Touring the Alamo, presenting on how retirees can succeed in a crisis economy, and picking the brain of one of the world’s top economists, Dr. Lacy Hunt, about the future of low interest rates were among the highlights of my recent trip to San Antonio for the Casey Research Summit. In addition to authoring two books and countless articles for leading financial publications, Dr. Hunt is executive vice president of Hoisington Investment Management Company, a firm that manages $5.4 billion.

Lacy is also a favorite speaker of mine because in addition to being a terrific economist capable of running rings around the likes of Alan Greenspan, he can relate the big economic picture to average investors. He rates very high on the common-sense scale—a good philosophical fit for the Miller’s Money team.

Read full article... Read full article...

 


Personal_Finance

Tuesday, August 19, 2014

UK Inflation Falls But Savers Continue to Get Raw Deal / Personal_Finance / Savings Accounts

By: MoneyFacts

Inflation figures released today show that the Consumer Prices Index (CPI) fell from 1.9% to 1.6% during July.

To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 2% per annum, while a higher rate taxpayer at 40% needs to find an account paying at least 2.67%.

Read full article... Read full article...

 


Personal_Finance

Friday, August 01, 2014

UK Savers’ Still Paying the Cost of Funding for Lending Scheme / Personal_Finance / Savings Accounts

By: MoneyFacts

The ill-fated Government initiative to kick-start the housing market, (Funding for Lending Scheme) was withdrawn this January, but not before it had decimated the savings market.       

Now the dust has settled, Moneyfacts has analysed what, if any, impact the withdrawal of FLS has had on the savings market.

Read full article... Read full article...

 


Politics

Saturday, June 14, 2014

Governments Stealing Savings Accounts / Politics / Savings Accounts

By: Jeff_Berwick

Governments, by definition, are violent institutions.  And taxation, by definition, is theft.  These are blatant facts to all but the most indoctrinated and brainwashed.  However, governments worldwide are ramping up all manner of other thefts by almost any means necessary.

Read full article... Read full article...

 


Personal_Finance

Tuesday, May 27, 2014

Is It Time to Hide Your Money Under the Mattress? / Personal_Finance / Savings Accounts

By: Don_Miller

“I don’t know what to do,” said my good friend Rob after inviting my wife Jo and me to dinner for the third time in two weeks. “I know I should do something. Every time I think about it, it scares the hell out of me! Maybe I should just hide everything under the mattress.”

Rob is a sharp guy—he’s done well for himself and his family. He also recently settled the last details of his parents’ estate. Upon banking part of his inheritance, the branch manager magically appeared, introduced himself, and invited Rob into his office to discuss “some really good rates” the bank had to offer.

Read full article... Read full article...

 


Personal_Finance

Tuesday, November 12, 2013

UK Savers’ Situation Still Poor Despite Inflation Falling to CPI 2.2% / Personal_Finance / Savings Accounts

By: MoneyFacts

Inflation figures released today show the Consumer Prices Index (CPI) fell from 2.7% to 2.2% during October.

To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 2.75% per annum, while a higher rate taxpayer at 40% needs to find an account paying at least 3.66%.

Read full article... Read full article...

 


Personal_Finance

Tuesday, October 15, 2013

Puny Savings Interest = No Hope of Matching CPI Inflation / Personal_Finance / Savings Accounts

By: MoneyFacts

Inflation figures released today show the Consumer Prices Index (CPI) stuck at 2.7% during September.

To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 3.38% per annum, while a higher rate taxpayer at 40% needs to find an account paying at least 4.50%.

Read full article... Read full article...

 


Personal_Finance

Monday, September 30, 2013

UK Fixed Interest Bond Rates Plummet / Personal_Finance / Savings Accounts

By: MoneyFacts

The Government’s Funding for Lending Scheme started in August 2012 and it took roughly a month for it to devastate the savings market.

As rates started to tumble, many people will have opted to invest their savings in fixed rate bonds to protect their returns.

Read full article... Read full article...

 


Personal_Finance

Tuesday, September 17, 2013

Continuing High Inflation Means UK Savers Left High and Dry / Personal_Finance / Savings Accounts

By: MoneyFacts

Inflation figures released today show the Consumer Prices Index (CPI) fell from 2.8% to 2.7% during August.

To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 3.38% per annum, while a higher rate taxpayer at 40% needs to find an account paying at least 4.5%.

Read full article... Read full article...

 


Personal_Finance

Tuesday, August 13, 2013

Dark Days Continue for UK Savers / Personal_Finance / Savings Accounts

By: MoneyFacts

Inflation figures released today show the Consumer Prices Index (CPI) fell from 2.9% to 2.8% during July.

To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 3.50% per annum, while a higher rate taxpayer at 40% needs an account paying at least 4.66%.

Read full article... Read full article...

 


Personal_Finance

Tuesday, May 14, 2013

UK Savings Catastrophe - Best Cash ISA? There Isn't One! / Personal_Finance / Savings Accounts

By: Nadeem_Walayat

The consequences of the Quantum of Quantitative Easing (QQE) is one of systematic theft of wealth from savers / bank depositors by the government and banking sector, unfortunately this trend is intensifying and unlikely to change for at least another year as illustrated by announcements every other month such as the extension of the funding for lending fraud, that looks set to continue to bleed depositors dry in the run up to the May 2015 general election as an desperate, fractious Coalition government will first attempt to bribe the electorate by spending money the country does not have or in the final analysis given a poor standing in the opinion polls decide to follow follow Labours example of 2009 (Labour Governments Bankrupt Scorched Earth UK Economy for the Conservative Government ) by handing the next Labour-geddon government an even more scorched earth bankrupt economy.

Read full article... Read full article...

 


Personal_Finance

Friday, March 22, 2013

Enough Money to Not Worry / Personal_Finance / Savings Accounts

By: Don_Miller

Several readers have asked why I use CDs in so many examples. With good reason, they wondered if I was suggesting buying CDs, which made them question my wisdom and sanity. If anyone thinks that's what I'm recommending, I must have been remiss in conveying my message.

On that note, I'd like to make one thing clear: I am absolutely opposed to buying any CD denominated in US dollars. (And since we're clearing things up, I should also mention again that I am wholly opposed to TIPS.)

Read full article... Read full article...

 


Personal_Finance

Tuesday, January 15, 2013

Intense Inflation Misery for Weary Savers / Personal_Finance / Savings Accounts

By: MoneyFacts

Inflation figures released today show the Consumer Prices Index (CPI) in December stuck at 2.7%.

To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 3.37% per annum, while a higher rate taxpayer at 40% needs to find an account paying at least 4.50%.

Read full article... Read full article...

 


Personal_Finance

Tuesday, January 08, 2013

UK Saving Accounts Fast Disappearing Bonus Interest Rates / Personal_Finance / Savings Accounts

By: MoneyFacts

Just when savers thought it couldn’t get any worse, it did. Moneyfacts research shows that not only are savings rates falling to devastating lows but introductory bonuses are all but disappearing too.

The table below shows the number of accounts over the last three years, including August 2012 when Funding for Lending was launched as an indication of what happened to accounts straight after launch.  

Read full article... Read full article...

 


Personal_Finance

Tuesday, December 18, 2012

No UK CPI Inflation Christmas Gift for UK Savers / Personal_Finance / Savings Accounts

By: MoneyFacts

Inflation figures released today show the Consumer Prices Index (CPI) remained at 2.7% during November.

To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 3.37% per annum, while a higher rate taxpayer at 40% needs to find an account paying at least 4.50%.

Read full article... Read full article...

 


Personal_Finance

Wednesday, December 12, 2012

The UK Saving Accounts Vanishing Act / Personal_Finance / Savings Accounts

By: MoneyFacts

Moneyfacts research reveals 351 savings accounts have been withdrawn from the market since the start of the year, 191 of which were withdrawn in November 2012 alone.  The research also revealed the number of savings accounts paying above BoE base rate fell by 304 accounts from January 2012, and 162 of these have been withdrawn since the start of November.        

Read full article... Read full article...

 


Personal_Finance

Wednesday, December 05, 2012

UK Fixed Rate Savings Bond Interest Rates At All Time Low / Personal_Finance / Savings Accounts

By: MoneyFacts

Moneyfacts research reveals the average rate of fixed term bonds across every term from one year bonds all the way through to five year bonds has dramatically fallen to an all time low.    

Read full article... Read full article...

 


Personal_Finance

Wednesday, November 21, 2012

UK Government’s Funding for Lending Devastates Savings Market / Personal_Finance / Savings Accounts

By: MoneyFacts

Moneyfacts research reveals that the UK savings market is being decimated by the Government’s Funding for Lending Scheme (FLS), which allows lenders to borrow from the Government at vastly reduced rates, negating their need to raise funds via the traditional method of savings.

Read full article... Read full article...

 


Personal_Finance

Wednesday, September 26, 2012

What Happens When a Fixed Rate Bonds Mature? / Personal_Finance / Savings Accounts

By: MoneyFacts

Best Financial Markets Analysis ArticleIn these days of low returns, fixed rate bonds have for many become the savings vehicle of choice but what happens when the term comes to an end? Confusingly, there are three correct answers to this question.

  • Some providers will send you your money back
  • Some providers will put your money into a pre-designated account
  • Some providers will contact you
Read full article... Read full article...

 


Personal_Finance

Wednesday, August 29, 2012

Numbing Effect of Savings Interest / Personal_Finance / Savings Accounts

By: MoneyFacts

It is hardly surprising that we have all become numb to the plight of interest on savings accounts. Everyone knows how miserably low they are.
 
In monetary terms, just how bad has it got?  It’s hard to imagine that only five years ago, Bank of England (BoE) base rate was 5.75%. The average no notice account paid 4.08% and to raise £100 in gross interest would have required a deposit of £2,451. Notice accounts paid an average of 4.23%, and to get the same return would have meant investing slightly less at £2,364.

Read full article... Read full article...

 


Personal_Finance

Wednesday, July 18, 2012

ReGive 5% 1 Year Fixed Rate Savings Bonds Too Good to be True? / Personal_Finance / Savings Accounts

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleWhilst trawling through the internet, seeking a home for part of my dwindling cash mountain, I happened on what sounds like a too good to be true 1 year fixed rate savings bond paying 5% offered by ReGive, Who's ReGive ? I and probably most of you reading this will have never heard of this investment firm before that is seeking to hook interest starved savers with a high interest rate of 5% when the competition can barely muster 3.5%.

Read full article... Read full article...

 


Personal_Finance

Wednesday, May 30, 2012

UK Fixed Rate Bond Interest Rates Starting to Fall / Personal_Finance / Savings Accounts

By: MoneyFacts

The average rate for a one year bond has dropped to 2.63%, its lowest point since March 2011. The availability of these accounts has continued to rise, however, from 101 last month to 139 today.

Read full article... Read full article...

 


Personal_Finance

Monday, April 30, 2012

UK Savings Notice Account Interest Rates Climb to Three Year High / Personal_Finance / Savings Accounts

By: MoneyFacts

The average rate of a notice savings account currently stands at 1.57%, its highest level since early 2009.

Read full article... Read full article...

 


Personal_Finance

Tuesday, April 24, 2012

UK Fixed Rate Bonds Rising Interest Rates / Personal_Finance / Savings Accounts

By: MoneyFacts

Cahoot has just launched a new issue of its popular Fixed Rate Bond, Issue 3, paying 3.60% yearly to the 2 July 2013. This internet/phone operated account runs for just over a year and is an alternative to the straightforward one-year bond market. The minimum investment is £25,000, up to £2million but be aware, once deposited there is no access to funds and no top-ups can be made either. 

Read full article... Read full article...

 


Personal_Finance

Wednesday, April 18, 2012

UK Fixed Rate 1 Year Savings Bonds Rising Interest Rates / Personal_Finance / Savings Accounts

By: MoneyFacts

The average one year fixed rate bond has reached 2.85%, its highest level since August 2011. The number of one year bonds has also grown from 80 six months ago to 101 today.

Read full article... Read full article...

 


Personal_Finance

Tuesday, April 17, 2012

Hidden Pitfalls of No Notice Savings Accounts / Personal_Finance / Savings Accounts

By: MoneyFacts

Best Financial Markets Analysis ArticleWhen most people think of no notice accounts they think of instant access and no limitations on how they use the account. Research from Moneyfacts.co.uk has revealed that many accounts marketed as no notice or instant access, do, in fact, limit withdrawals - some quite severely. 

Read full article... Read full article...

 


Personal_Finance

Thursday, February 23, 2012

UK Savings and Morthage Products Picks of the Week / Personal_Finance / Savings Accounts

By: MoneyFacts

The Moneyfacts Pick of the Week showcases the best of the latest products to hit the consumer finance market.

Brief product details together with independent Moneyfacts analysis can be used with confidence in your finance sections. You can select one or two products to sit beside a relevant story or use them all as a general feature.

Read full article... Read full article...

 


Personal_Finance

Thursday, January 26, 2012

Money-Markets, CDs, and Bonds: The Ups and Downs of Stashing Your Cash / Personal_Finance / Savings Accounts

By: Money_Morning

Best Financial Markets Analysis ArticleDon Miller writes: In today's volatile markets many investors are faced with the same troublesome question - "Where should I park my cash?"

In fact, investors have withdrawn a net total of $328 billion from the stock market since 2007, according to Strategic Insight.

Ever since, a big portion that cash has been looking for a home.

Read full article... Read full article...

 


Personal_Finance

Tuesday, December 13, 2011

UK Inflation Falls From 5% to 4.8%, No Christmas Joy for Savers / Personal_Finance / Savings Accounts

By: MoneyFacts

Inflation figures released today show the Consumer Prices Index (CPI) fell during November from 5.0% to 4.8%.

To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 6.00% per annum, while a higher rate taxpayer at 40% needs to find an account paying at least 8.00%.

Read full article... Read full article...

 


Personal_Finance

Wednesday, November 02, 2011

Money Market Funds, An Investment Whose Time Has Passed / Personal_Finance / Savings Accounts

By: Terry_Coxon

Best Financial Markets Analysis ArticleTerry Coxon, The Casey Report writes: Money market funds began as a bright and useful idea, became a habit, and recently have become a bad habit.

Money market funds were invented in 1971 as an innovative end-run around Federal Reserve Regulation Q, which prohibited paying interest on demand deposits. The purpose of Reg Q was to stifle competition in the deposit-taking business in order to benefit commercial banks – at the expense, of course, of depositors.

Read full article... Read full article...

 


Personal_Finance

Tuesday, October 18, 2011

Savers, How to Beat Inflation / Personal_Finance / Savings Accounts

By: MoneyFacts

Inflation figures released today show the Consumer Prices Index (CPI) rose from 4.5% to 5.2% during September.

To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 6.5%, while a higher rate taxpayer at 40% needs to find an account paying at least 8.67%.

Read full article... Read full article...

 


Personal_Finance

Thursday, September 29, 2011

Falling Interest Rates Fail to Deter Savers / Personal_Finance / Savings Accounts

By: MoneyFacts

Latest figures from Moneyfacts.co.uk show that demand for fixed rate bonds has soared in the last few months.

In April, 26% of all savers visiting Moneyfacts.co.uk were searching for fixed rate bonds, but during August this had increased to 45%.

Read full article... Read full article...

 


Personal_Finance

Tuesday, September 13, 2011

Savers Continue to Pay the Price for High UK Inflation / Personal_Finance / Savings Accounts

By: MoneyFacts

Inflation figures released today show the Consumer Prices Index (CPI) rose during August from 4.4 per cent to 4.5 per cent.

To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 5.63 per cent per annum, while a higher rate taxpayer at 40% needs to find an account paying at least 7.50 per cent.

Read full article... Read full article...

 


Personal_Finance

Tuesday, August 16, 2011

Inflation Headache Returns for UK Savers / Personal_Finance / Savings Accounts

By: MoneyFacts

Best Financial Markets Analysis ArticleInflation figures released today show the Consumer Prices Index (CPI) rose during July from 4.2 per cent to 4.4 per cent.

To beat inflation, a basic rate taxpayer at 20 per cent needs to find a savings account paying 5.50 per cent per annum, while a higher rate taxpayer at 40 per cent needs to find an account paying at least 7.33 per cent.

Read full article... Read full article...

 


Personal_Finance

Wednesday, August 10, 2011

Average 5 Year Fixed Interest Rate Savings Bond Falls to 2 Year Low / Personal_Finance / Savings Accounts

By: MoneyFacts

Average savings rates for long-term fixed rate bonds have fallen significantly over recent months. The current average five-year fixed rate is 3.74%, its lowest average for two years.

Read full article... Read full article...

 


Personal_Finance

Tuesday, May 17, 2011

UK Savers Struggle Worsens on Release of Latest Inflation Figures / Personal_Finance / Savings Accounts

By: MoneyFacts

Inflation figures released today show the Consumer Prices Index (CPI) increased during April from 4.00% to 4.50%.

To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 5.63% per annum, while a higher rate taxpayer at 40% needs to find an account paying at least 7.50%.

Read full article... Read full article...

 


Personal_Finance

Tuesday, April 12, 2011

Desperate Times for UK Savers / Personal_Finance / Savings Accounts

By: MoneyFacts

Inflation figures released today show the Consumer Prices Index (CPI) decreased during March from 4.4% to 4.00%.

To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 5.00% per annum, while a higher rate taxpayer at 40% needs to find an account paying at least 6.67%.

Read full article... Read full article...

 


Politics

Monday, April 04, 2011

Fixed Interest Rate Savings Bonds At 13 Month High / Politics / Savings Accounts

By: MoneyFacts

High demand for savers’ money and expectations of a rise in bank base rate in the near future has pushed short term fixed bond rates to their highest level in more than a year.

The average rate on one year bonds fell to an all time low of 2.52% in August 2010, but has steadily risen since then.

Read full article... Read full article...

 


Personal_Finance

Friday, February 25, 2011

UK Savers Continuing Negative Real Interest Rates Punished for Bankster Crimes / Personal_Finance / Savings Accounts

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleThe tax payer bailed out vampire-esk banking sector continues to suck the life blood of savers by paying sub inflation interest rates to savers on even the governments highly doctored and under reported inflation measure of CPI. This analysis seeks to evaluate to what degree today's savers are subsidising the high street banks when comparing their BEST instant access savings accounts against the official CPI inflation rate.

Read full article... Read full article...

 


Personal_Finance

Tuesday, February 15, 2011

CPI Inflation 4%, UK Savers Pain Gets Tougher / Personal_Finance / Savings Accounts

By: MoneyFacts

Inflation figures released today show the Consumer Price Index (CPI) increased during January from 3.7% to 4.00%.

To beat inflation, a basic rate tax payer at 20% needs to find a savings account paying 5.00% pa, while a higher rate tax payer at 40% needs to find an account paying at least 6.67%.

Read full article... Read full article...

 


Personal_Finance

Friday, December 24, 2010

Northern Rock ESaver4, Best Instant Access Savings Account For 2011 Start / Personal_Finance / Savings Accounts

By: Nadeem_Walayat

With the new year less than 10 days away, now is a good time to check the savings rates on your instant access deposit accounts and make the switch so as to maximise interest income, especially as many providers are stilling paying a pittance of less than 1% and virtually all deploy the bonus rate trick to hook customers in then drop the rates to a pittance after a year.

Read full article... Read full article...

 


Personal_Finance

Thursday, December 23, 2010

How Rapidly Inflation Eats Away at Money Tucked Away in CDs / Personal_Finance / Savings Accounts

By: Jared_Levy

Best Financial Markets Analysis ArticleBehind the meaning of one of the most famous sayings ever coined lies a fundamental flaw that our friend Benjamin Franklin didn't warn you about. While Mr. Franklin noted how hard it was to make a buck, his emphasis was on how much harder it was to save it. Unfortunately, he had no idea what the world would look like in 2011.

Read full article... Read full article...

 


Personal_Finance

Tuesday, December 14, 2010

UK Savers in Losing Battle to Maintain Purchasing Power of Savings Against Inflation / Personal_Finance / Savings Accounts

By: MoneyFacts

Inflation figures out today show the Consumer Price Index has risen to 3.3%.

To maintain the purchasing power of their savings, a basic rate tax payer needs to find a savings account paying 4.13% pa, while a higher rate tax payer at 40% needs to find an account paying 5.5%.

Read full article... Read full article...

 


Personal_Finance

Tuesday, November 30, 2010

Fixed Interest Rate Bond Providers Do Battle For Maturing Funds / Personal_Finance / Savings Accounts

By: MoneyFacts

Bank base rate has been on hold for the last 20 months and in that time the average one year fixed rate bond rate has varied by 0.71%.

November 2009 saw National Savings and Investments topping best buy tables and large volumes of savers rushed to take advantage of top rates from a provider offering 100% protection.

Read full article... Read full article...

 


Personal_Finance

Tuesday, November 16, 2010

UK Savers Continue to be Punished by High Inflation / Personal_Finance / Savings Accounts

By: MoneyFacts

Inflation figures out today show a rise in Consumer Price Index to 3.20%.

To maintain the purchasing power of their savings, a basic rate tax payer needs to find a savings account paying 4.00 % pa, while a higher rate tax payer at 40% needs to find an account paying 5.33%.

Read full article... Read full article...

 


Interest-Rates

Monday, September 27, 2010

Bank of England Confirms Policy of Stealing Savers Wealth via Negative Real Interest Rates / Interest-Rates / Savings Accounts

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleThe Deputy Governor of the Bank of England Charlie Bean effectively told savers to forget about receiving inflation beating interest rates and therefore should seek to spend their savings to boost the economy. The BoE's strategy continues to transfer wealth from savers to borrowers, with more than £20 billion transferred to date by means of negative real interest rates which typically pay savers half the rate of inflation CPI (3.1%) and 1/3rd the rate of the more recognised RPI inflation rate (4.7%) with the trend not relenting as rates continue to be cut all the way towards the bank base rate of just 0.5%.

Read full article... Read full article...

 


Personal_Finance

Saturday, September 18, 2010

Top 10 Tips For Finding the Best Savings Interest Rate / Personal_Finance / Savings Accounts

By: Credit_Choices

Best Financial Markets Analysis ArticleMore and more people are reducing their spending and choosing, instead, to save or invest the money they earn. Find the best savings rate available to you and the money you put away will go a lot further. Here are the top ten tips for finding the best savings rates.

Read full article... Read full article...

 


Interest-Rates

Tuesday, September 14, 2010

UK Savers Hopes on Hold as Inflation Fails to Fall / Interest-Rates / Savings Accounts

By: MoneyFacts

Inflation figures released today show that the Consumer Price Index (CPI) has remained unchanged at 3.10%, still way above the Government’s 2% target.

To stop their savings pot effectively eroding away, a basic rate tax payer needs to find an account paying 3.88%, while a higher rate tax payer needs to find an account offering 5.17%.

Read full article... Read full article...

 


Personal_Finance

Monday, July 19, 2010

UK Government Pulls Plug on Savers Inflation Theft Protection NS&I Index Linked Certificates / Personal_Finance / Savings Accounts

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleOne of the few defences against the governments inflation stealth tax, the NS&I Index Linked Savings certificates has been withdrawn from the market. The certificates paid RPI +1% resulting in an current tax free return of 6% per annum which is typically double the rate offered by the banks.

Read full article... Read full article...

 


Personal_Finance

Thursday, July 08, 2010

Halifax Children's Regular Saver Waste of Time Applying Online / Personal_Finance / Savings Accounts

By: Nadeem_Walayat

Savers could find they are wasting their time in trying to complete a lengthy online Halifax Children's Regular Saver application form, as the account application process resolves in the following error page (on several attempts) :

Read full article... Read full article...

 


Personal_Finance

Monday, July 05, 2010

UK Fixed Rate Saving Bonds Hit All Time Low / Personal_Finance / Savings Accounts

By: MoneyFacts

Savers taking out a fixed rate bond today will receive up to 23.3% less interest than they would have nine months ago.

Read full article... Read full article...

 


Personal_Finance

Tuesday, April 20, 2010

UK Inflation Jump Punishes Savers / Personal_Finance / Savings Accounts

By: MoneyFacts

Inflation figures released today show that the Consumer Price Index (CPI) has increased by more than expected to 3.40%.

To stop their savings pot effectively eroding away, a basic rate tax payer needs to find an account paying 4.25%, while a higher rate tax payer needs to find an account paying 5.64%.

Read full article... Read full article...

 


Personal_Finance

Tuesday, April 20, 2010

The Inflation Mega-trend Implications for UK Borrowers and Savers / Personal_Finance / Savings Accounts

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleThe following is an excerpt form the Inflation Mega-Trend Ebook Pages 50-51 (FREE Download) The ebook includes in depth analysis of the unfolding inflationary trends and 50 pages of wealth protection strategies.

Read full article... Read full article...

 


Personal_Finance

Tuesday, March 23, 2010

Inflation Continues To Erode the Value of Savers Money / Personal_Finance / Savings Accounts

By: MoneyFacts

Inflation figures released today show that the Consumer Price Index (CPI) has fallen to 3%, a level still well above the Government’s target of 2%.

To stop their savings pot effectively eroding away, a basic rate tax payer needs to find an account paying 3.75%, while a higher rate tax payer needs to find an account paying 4.98%.

Read full article... Read full article...

 


Personal_Finance

Tuesday, February 16, 2010

UK Savers Suffer as CPI Inflation Doubles / Personal_Finance / Savings Accounts

By: MoneyFacts

The consumer price index again rose even sharper to 3.50%, nearly double the Government’s target of 2%.  

Savings rates are still falling after a flurry of lenders cut a selection of mortgage deals. The average no notice rate fell by 0.02% to 0.73% since last month.

Read full article... Read full article...

 


Personal_Finance

Saturday, January 23, 2010

UK Savers Losing Money on Virtually ALL Instant Access Savings Accounts / Personal_Finance / Savings Accounts

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleThe savers and borrowers of Britain are being forced to pay for the crimes of the bankster's by an inept, incompetent, and culpable Labour government that has so far bent over backwards to placate the bankster's to the fullest extent even if it ultimately means bankrupting Britain.

Read full article... Read full article...

 


Personal_Finance

Tuesday, January 19, 2010

Building Societies Better than Banks in Saving Accounts Interest Rates Consistency / Personal_Finance / Savings Accounts

By: MoneyFacts

Best Financial Markets Analysis ArticleBuilding societies have once again dominated the first Moneyfacts consistency survey of 2010, with 72.5% of all accounts listed as performing consistently.

Key points of the January 2010 Moneyfacts.co.uk Consistency Survey:

Read full article... Read full article...

 


Interest-Rates

Tuesday, January 19, 2010

UK CPI Inflation Begins Spiralling Out of Control Means Headache for Savers / Interest-Rates / Savings Accounts

By: MoneyFacts

The consumer price index again rose sharply to 2.9%, spiralling above the Government’s target of 2% for the first time since May.

Savings rates look to have hit rock bottom, with the average no notice rate hovering at 0.75%, not far above bank base rate.

Read full article... Read full article...

 


Personal_Finance

Thursday, December 10, 2009

UK Banks Cut Fixed and Variable Savings Interest Rates / Personal_Finance / Savings Accounts

By: MoneyFacts

2009 appears to be ending in a similar fashion to 2008 for savers, with many top deals being withdrawn or having rates reduced.

Since the beginning of November, 62% of product changes to Moneyfacts.co.uk have been product withdrawals. While many of these products have been replaced, in the majority of cases the replacement products are offering lower returns.

Read full article... Read full article...

 


Interest-Rates

Monday, November 16, 2009

Fixed Interest Rate Bonds Shelf Life Hits New Low / Interest-Rates / Savings Accounts

By: MoneyFacts

Savers looking to take out a fixed rate bond need to act fast after the average bond shelf-life fell to a new low of 23 days last month.

At its peak in March 2006, the average shelf-life of a fixed rate bond was 158 days.

Read full article... Read full article...

 


Personal_Finance

Wednesday, November 04, 2009

Bailed Out Banks Continue to Cut Saving Account Interest Rates / Personal_Finance / Savings Accounts

By: MoneyFacts

Despite no change in bank base rate since the beginning of March, 10.1% of variable rate savings accounts have reduced.

By contrast, only 3.5% of accounts have seen rates increase as providers increasingly look to attract savers deposits

Read full article... Read full article...

 


Personal_Finance

Wednesday, October 21, 2009

Building Societies Hold on to Savings Interest Rates Consistency Crown / Personal_Finance / Savings Accounts

By: MoneyFacts

Best Financial Markets Analysis ArticleOctober 2009’s Moneyfacts Consistency Survey has once again seen building societies dominating the results. Today, building societies offer customers 77% of the most consistent savings accounts in the marketplace.

Read full article... Read full article...

 


Personal_Finance

Thursday, September 17, 2009

Banks Target Savers With Fixed Rate Savings Bonds / Personal_Finance / Savings Accounts

By: MoneyFacts

Banks and building societies are continuing to target savers willing to lock their money away in a fixed rate bond, a move that appears to be paying off.

Read full article... Read full article...

 


Personal_Finance

Wednesday, August 12, 2009

UK Notice Savings Accounts Bettered by No Notice Savings Interest Rates / Personal_Finance / Savings Accounts

By: MoneyFacts

Best Financial Markets Analysis ArticleSavers can now get better rates on easy access account than they can on accounts requiring notice.

Read full article... Read full article...

 


Personal_Finance

Monday, August 10, 2009

Bank Battle Rages to Lock Savers into Fixed Interest Rate Savings Bonds / Personal_Finance / Savings Accounts

By: MoneyFacts

Best Financial Markets Analysis ArticleThe battle between banks and building societies to attract savers’ money shows no signs of easing, with new competitive deals being launched each day.

Read full article... Read full article...

 


Personal_Finance

Tuesday, August 04, 2009

Most UK Savings Accounts Interest Rates Between 0.80% and 3.04% / Personal_Finance / Savings Accounts

By: MoneyFacts

The latest issue of the monthly Moneyfacts Treasury Report on UK Savings Trends has given additional insight into how providers have no alternatives but to secure business by offering savings rates well over base rate.

Read full article... Read full article...

 


Personal_Finance

Friday, July 31, 2009

Banks Deploy Tactics to Persuade Savers From Dipping into Savings / Personal_Finance / Savings Accounts

By: MoneyFacts

With rates at record lows, savers are seeing little reward. Research, conducted by Moneyfacts, has seen a rise in the number of accounts designed to deter savers from the temptation of dipping into funds for frivolous purchases, particularly during the mid season sales.

Read full article... Read full article...

 


Personal_Finance

Monday, July 27, 2009

Banks Use Bonuses for Temporary Boost to Savings Interest Rates / Personal_Finance / Savings Accounts

By: MoneyFacts

Banks and building societies are continuing to add ever bigger bonuses to their savings accounts as a temporary measure to increase the rates offered to savers.

Read full article... Read full article...

 


Personal_Finance

Tuesday, July 14, 2009

Building Societies Increase Savings Accounts Interest Rate Consistency Dominance / Personal_Finance / Savings Accounts

By: MoneyFacts

Best Financial Markets Analysis ArticleTwo years ago, when Moneyfacts.co.uk started to monitor the most consistent savings accounts, building societies came out on top, taking 72% of the top places.

Despite the turbulent economic conditions that the last two years has brought, the building societies have continued to increase their dominance for consistent paying savings account, today taking 83% of the top places.

Read full article... Read full article...

 


Personal_Finance

Thursday, June 25, 2009

Fixed Rate Bonds Interest Rates Rise as Savers Benefit While Borrowers Suffer / Personal_Finance / Savings Accounts

By: MoneyFacts

Best Financial Markets Analysis ArticleBorrowers and savers looking for fixed rate deals are seeing very different fortunes.

As the cost of fixed rate mortgages continues to rise, so do the rates on fixed rate bonds as providers look to their savings book for funding rather than the money markets.

Read full article... Read full article...

 


Personal_Finance

Wednesday, June 24, 2009

Four Ways to Immunize Your Savings Against the Ravages of Inflation / Personal_Finance / Savings Accounts

By: Money_Morning

Best Financial Markets Analysis ArticleKeith Fitz-Gerald writes: Right now, there's more than $9.5 trillion in cash on the sidelines - or more than twice the amount of money currently invested in stock mutual funds, according to MoneyNet.inc and the U.S. Federal Reserve. Private equity firms alone are believed to hold as much as an additional $1.3 trillion.

Read full article... Read full article...

 


Personal_Finance

Thursday, June 18, 2009

Capital One Selling its Savings Book to Skipton Building Society / Personal_Finance / Savings Accounts

By: MoneySupermarket

Kevin Mountford, head of banking at moneysupermarket.com says: "It is no surprise that in current market conditions we are seeing further mergers and acquisitions between banks and building societies.

Read full article... Read full article...

 


Personal_Finance

Wednesday, June 17, 2009

UK Fixed Rate HISAVE Savings Bonds by ICICI Upto 4.40% / Personal_Finance / Savings Accounts

By: Shahla_Walayat

ICICI Bank has revamped its fixed rate bonds by offering a selection of bonds ranging from 6months to 5 years and paying upto 4.4% far higher than the competition which ranges up from just 0.5% upto typically 3%, this is set against continuing retail prices deflation which implies little sign of significantly higher base interest rates for the rest of of this year.

Read full article... Read full article...

 


Personal_Finance

Wednesday, June 17, 2009

Nationwide Fixed Rate E-Bonds Paying Upto 4.15% / Personal_Finance / Savings Accounts

By: Shahla_Walayat

The Nationwide has recently launched a selection of fixed rate bonds which range between maturities of 6 months to 5 years and pay upto a respectable 4.15%, especially in light of many current issues by banks and building society that fail to pay more than 3%.

Read full article... Read full article...

 


Personal_Finance

Wednesday, June 10, 2009

Best Current Online Savings Accounts / Personal_Finance / Savings Accounts

By: MoneyFacts

Three providers have today announced their intention to increase rates on their online based saving accounts.

  • Barnsley BS – rate on Online Saver increased by 0.40% to 2.50%
  • Intelligent Finance – rate on iSaver increased by 1.10% to 2.85%
  • Principality BS – new issue of e-Saver launched paying 2.85%, 1.20% higher than the previous issue
Read full article... Read full article...

 


Personal_Finance

Wednesday, June 10, 2009

Rothschild's New Fixed Rate Deposit Account Paying 4.35% Interest / Personal_Finance / Savings Accounts

By: MoneySupermarket

Kevin Mountford, head of savings at moneysupermarket.com said; "This move by Rothschild highlights a change in the savings market.

Read full article... Read full article...

 


Personal_Finance

Sunday, May 31, 2009

ICICI 4% Fixed Rate Savings Account / Bond Review June 2009 / Personal_Finance / Savings Accounts

By: Shahla_Walayat

Best Financial Markets Analysis ArticleICICI Bank is currently offering a market busting 1 year fixed interest rate of 4% far higher than the competition which ranges up from just 0.5% upto 3%, with retail prices deflation there is little sign of significantly higher base interest rates for much of this year.

Read full article... Read full article...

 


Personal_Finance

Tuesday, May 19, 2009

Falling Inflation Means Rising Real Returns Despite Low Savings Interest Rates / Personal_Finance / Savings Accounts

By: MoneyFacts

Savings rates look to have ended their freefall, with the average no notice rate hovering around 0.65%, marginally above bank base rate.

Read full article... Read full article...

 


Personal_Finance

Wednesday, April 15, 2009

Building Societies Continue to Beat Banks in Cash ISA and Savings Interest Rates Consistency / Personal_Finance / Savings Accounts

By: MoneyFacts

Best Financial Markets Analysis ArticleBuilding societies retain consistency crown - Building societies once again reign supreme, taking 77% of the top spots in the Moneyfacts consistency survey. The string of consecutive base rate cuts has resulted in lower returns for savers and the majority of the most consistent returns are provided by the same providers.

Read full article... Read full article...

 


Personal_Finance

Friday, April 10, 2009

Nationwide Announces New Tax Year Fixed Interest Bonds and ISA's / Personal_Finance / Savings Accounts

By: Nationwide

Best Financial Markets Analysis ArticleNationwide Building Society announces details of a new range of Fixed Rate Bonds, e-Bonds and Fixed Rate ISA Bonds, which all offer a guaranteed rate of return for savers. With effect from Thursday 9 April 2009, Nationwide’s bond range will include:

Read full article... Read full article...

 


Personal_Finance

Friday, October 24, 2008

The Bull Market in Savings as Cash has Been King for 10 Years / Personal_Finance / Savings Accounts

By: EWI

Best Financial Markets Analysis ArticleIf you're like most investors, you've been nearly brainwashed with conventional market "wisdom" that stocks are the best way to grow your portfolio.

You would be crazy not to have your money in the markets, right?

Read full article... Read full article...

 


Personal_Finance

Thursday, October 02, 2008

Savings Guarantee Raised to £50,000 to Halt Run on UK Banks / Personal_Finance / Savings Accounts

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleGordon Brown confirms that to all intents and purposes all UK savings are guaranteed to £50,000 per depositor per financial group. This is a reaction to the the Irish governments decision to guarantee all depositor savings at 100% for 2 years which has ignited a flood of scared monies seeking refuge within Irish banks that have operations within the UK. This has resulted in increasing calls from media commentators and politicians for the UK government to follow suit with a similar 100% blanket guarantee.

Read full article... Read full article...

 


Personal_Finance

Wednesday, August 13, 2008

Abbey Fixed Rate Bond Maturity Experience / Personal_Finance / Savings Accounts

By: Shahla_Walayat

The following is intended to save investors time and potential loss of interest in dealing with maturing Abbey fixed rate bonds.

Read full article... Read full article...

 


Personal_Finance

Tuesday, August 12, 2008

ICICI 7.2% Fixed Rate Savings Account / Bond Review / Personal_Finance / Savings Accounts

By: Shahla_Walayat

ICICI Bank is currently offering a market busting fixed interest rate of 7.2%, whilst at the same time speculation is growing of UK interest rate cuts around the corner in the wake of a fast slowing economy, therefore a small window of opportunity exists to lock into a high fixed interest rate as already some banks have stated to cut rates such as Birmingham Midshires.

Read full article... Read full article...

 


Personal_Finance

Sunday, August 03, 2008

Halifax Websaver Fixed Rate Savings Bonds Analysis / Personal_Finance / Savings Accounts

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleI have been tracking the Halifax fixed websaver rates for a number of years now, which includes periodically pulling the data down as the Halifax fixed rate websaver tends to usually provide good rates of interest whilst at the same time being easy to open for existing customers, the accounts can be opened instantly online and provide for instant online transfers between in house accounts.

Read full article... Read full article...

 


Personal_Finance

Saturday, August 02, 2008

UK 7% Plus Fixed Rate Savings Bonds- Aug 08 / Personal_Finance / Savings Accounts

By: Shahla_Walayat

Best Financial Markets Analysis ArticleDespite three interest rate cuts, UK fixed rates rose over the summer months to above 7% as cash starved banks, sought to get as much cash in through the doors as possible after failing to obtain credit on the money markets and rejected by the capital markets as evidenced by rights issue failures that prompted emergency action by arm twisting of the big banks to step in and buy up unsold stocks such as that of Bradford and Bingley.

Read full article... Read full article...

 


Personal_Finance

Tuesday, July 29, 2008

Depositors Require More Secure Financial Institutions / Personal_Finance / Savings Accounts

By: Paul_Lamont

Best Financial Markets Analysis ArticleAs we referenced last April , it is very important in a deleveraging environment to hold your U.S. Treasury Bills at a secure financial institution. Calling brokers and reps up and asking them if your funds are safe at their institution is like asking the fox if the chickens he is guarding are safe. What do you expect them to say? Since we are independent and only work for our clients, we have been diligently researching the different types of asset custodians. Here is what we found:

Read full article... Read full article...

 


Personal_Finance

Friday, June 20, 2008

Inflation Linked Savings Bonds / Personal_Finance / Savings Accounts

By: MoneyFacts

Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: “The Monetary Policy Committee (MPC) is currently trying to balance the scales between inflation and base rate. With increasing costs on fuel and food, inflation has grown to 3.3% (CPI) in May 2008, its highest level since July 1992 and well above the Government’s 2% target.

Read full article... Read full article...

 


Personal_Finance

Tuesday, June 10, 2008

Treasury Bill Accounts a Smarter Alternative to Money Market Funds / Personal_Finance / Savings Accounts

By: Paul_Lamont

Investors are rushing into cash as the financial system is deleveraging. But what form of cash will preserve investor's wealth? ‘Cash-like' instruments, such as adjustable rate securities, have become illiquid with the credit markets. Some money market funds, full of asset-backed commercial paper, have had to be supported by their sponsors. Even bank deposits could be unavailable for a time in an FDIC backlog (they expect to be quite busy as their recent hiring suggests).

Read full article... Read full article...

 


Personal_Finance

Sunday, March 16, 2008

Abbey Super Cash ISA 10%- Too Good to be True? / Personal_Finance / Savings Accounts

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleAbbey have launched what on face value looks like an unbeatable market breaking Cash ISA savings account paying a remarkable 10% for up to 13 months on lump sum investments of up to£3,600 (from 6th April), but and there is a big BUT, savers also have to invest a lump sum into their Guaranteed Equity Bond GEB, which usually tend to prove to be very bad investments, therefore this article attempts to present an objective look at the Abbey product to determine whether or not it stacks up against other Cash ISA's such as the Barclays 12 month Tax Haven Cash ISA paying 6.5%. Both Cash ISA savings accounts are instant access.

Read full article... Read full article...

 


Personal_Finance

Saturday, January 26, 2008

Fixed Savings Rates Near 7%, Despite Easing of Interbank Rates / Personal_Finance / Savings Accounts

By: MoneyFacts

As fixed rate savings continue to fall, Rachel Thrussell head of savings at moneyfacts.co.uk looks at what this sector of the savings market still has to offer.

“Although we have seen a dramatic drop in some short term fixed rate savings over the last couple of weeks, with larger institutions such as Halifax dropping rates by up to 1%, there are still some really good deals to be found.”

Read full article... Read full article...

 


Personal_Finance

Tuesday, January 15, 2008

Fixed Rate Savings Interest Rates Take a Tumble / Personal_Finance / Savings Accounts

By: MoneyFacts

Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: “High savings rates have been a by-product of the credit crunch, as providers source deposits as an alternative option to raising funds on the money markets. Competition is still alive, with rates paying almost 1% more than Bank of England base rate in the variable market, and as much as 1.35% within the fixed market.

Read full article... Read full article...

 


Personal_Finance

Tuesday, January 01, 2008

Savings Top Agenda for Consumers in 2008 - Top Tips for Savers / Personal_Finance / Savings Accounts

By: Nationwide

Research* from Nationwide Building Society has revealed that when it comes to finances, the number one New Year's resolution is to save more money in 2008. Nearly half of all respondents said that the one change they wanted to make in the New Year involved their savings, with 48% admitting they either wanted to save more or actually start saving money.

Read full article... Read full article...

 


Personal_Finance

Monday, December 10, 2007

UK Savers Benefit From the Liquidity Credit Crisis as Fixed Rates Rise Again / Personal_Finance / Savings Accounts

By: MoneyFacts

Andrew Hagger, Head of News and Press at Moneyfacts.co.uk, comments on the recent increase in short-term savings rates.

“It seems that some institutions had pre-empted the recommendations issued by the FSA yesterday and may have already been assessing their funding and liquidity positions, as a result attempting to bring in more funds through the front door.

Read full article... Read full article...

 


Personal_Finance

Wednesday, November 21, 2007

Nationwide Launches New Range of Fixed Rate Savings Bonds Paying Up To 6.70% / Personal_Finance / Savings Accounts

By: Nationwide

Nationwide Building Society has today launched a new range of Fixed Rate Bonds offering highly competitive rates and guaranteed returns for savers. With effect from Monday 19 November 2007, the following new Bonds will be available:

  • One year Loyalty Fixed Rate Bond paying 6.70%
  • One year e-Bond paying 6.70%
  • One year Fixed Rate Bond paying 6.60%
Read full article... Read full article...

 


Personal_Finance

Sunday, November 18, 2007

Halifax - Some Bad News for UK Savers / Personal_Finance / Savings Accounts

By: MoneyFacts

Halifax has announced today that it is reducing its core savings rates by up to 0.25%. Rachel Thrussell Head of Savings at Moneyfacts.co.uk the leading independent financial comparison site comments: “Whilst we have seen the launch of some competitively priced savings products this week, Halifax has bucked the trend by cutting rates on its core range. It is uncommon to see a provider reduce their rates in a period of base rate stability.

Read full article... Read full article...

 


Personal_Finance

Saturday, October 20, 2007

Credit Crunch Still Biting as Halifax Raises Short-term Fixed Savings Interest Rate - Oct 07 / Personal_Finance / Savings Accounts

By: Shahla_Walayat

The Credit Crunch which has resulted in much higher interbank rates continues to benefit savers. The Halifax's flagship online savings account, the 'WebSaver' on face value offers a relatively low interest of just 5.3%, but dig a little deeper and you would be surprised by the ultra short-term fixed rates currently available with the 3 month rate surging to 6.88% AER

Read full article... Read full article...

 


Personal_Finance

Friday, October 19, 2007

Offshore Savings Rates Regain Some Appeal – But Are Your Savings Safe! / Personal_Finance / Savings Accounts

By: MoneyFacts

Rachel Thrussell, Head of Savings at Moneyfacts.co.uk - the leading independent financial comparison site, comments: “In the wake of the onshore savings rate war, first in the fixed rate market and subsequently with variable rate products, the offshore market has stolen the march in the last week, offering rates to win the battle hands down.

Read full article... Read full article...

 


Personal_Finance

Saturday, October 06, 2007

Calls on the Chancellor to Improve ISA's, Children's Savings Accounts and Affordable Housing / Personal_Finance / Savings Accounts

By: Nationwide

Nationwide Building Society, ahead of the Pre-Budget Report which is expected next week, has called on the Chancellor to make changes and improve the ISA system, children’s savings and housing affordability. The Society is a keen supporter of government initiatives that encourage the savings habit and enable people to get onto the property ladder and hopes Alistair Darling will take the practical steps needed to ensure the Government’s stated aims in these areas are met.

Read full article... Read full article...

 


Personal_Finance

Monday, October 01, 2007

UK Savings Accounts 100% Secure Upto £35,000 / Personal_Finance / Savings Accounts

By: Sarah_Jones

Following the Northern Rock bank run, the government has revealed an interim guarantee to all savers in all UK banking institutions. The guarantee now covers 100% of the first £35,000 in savings, which had previously only been secured at 90%.

Read full article... Read full article...

 


Personal_Finance

Friday, September 28, 2007

Savings Accounts Fixed Rates Still Simmering, But Variable Savings Start to Hot Up and an Internet War Begins! / Personal_Finance / Savings Accounts

By: MoneyFacts

Rachel Thrussell, Head of Savings at Moneyfacts.co.uk – the money search engine, comments: “As the fixed rate market stabilises, with the top rates available just shy of 7% and the variable market showing signs of hotting up, the tides have started to turn.

Read full article... Read full article...

 


Personal_Finance

Wednesday, September 26, 2007

UK Savings Reach Record High In August / Personal_Finance / Savings Accounts

By: Submissions

Neil Johnson writes: Building society net receipts in August were nearly double those in July. This is the highest August figure ever and the highest monthly figure since April 2005. We believe that successive increases in interest rates and subdued equity markets have encouraged savers to put more money away, and we expect this to continue while rates remain high and savers recognise the wide range of good value building society savings products available to them.

Read full article... Read full article...

 


Personal_Finance

Friday, September 21, 2007

The Halifax Websaver's Fixed Interest Rates Savings Accounts - Sept 07 / Personal_Finance / Savings Accounts

By: Shahla_Walayat

The Credit Crunch which has resulted in much higher interbank rates continues to benefit savers. The Halifax's flagship online savings account, the 'WebSaver' on face value offers a relatively low interest of just 5.3%, but dig a little deeper and you would be surprised by the short-term fixed rates currently available. starting at 6.30% and rising to 6.75%

Read full article... Read full article...

 


Personal_Finance

Sunday, September 09, 2007

UK Banks Short on Cash Entice Savers With High Interest Rates / Personal_Finance / Savings Accounts

By: Nadeem_Walayat

The tables have been turned on the UK banks! Despite NO interest rate rise since July 07 financial institutions are falling over themselves to entice savers into depositing funds in both short-term and fixed rate savings accounts. Which gives UK savers a golden opportunity to take advantage of the current weakness in the banking system and lock in excellent rates before they evaporate.

Read full article... Read full article...

 


Personal_Finance

Friday, August 24, 2007

Beware of Headline Savings Interest Rates…Over 75% Have a Sting in the Tail / Personal_Finance / Savings Accounts

By: MoneyFacts

Rachel Thrussell, Head of Savings at Moneyfacts.co.uk – the money search engine, comments: “With the aftermath of the last interest rise rate finally over, and most providers opting for the full quarter point increase, it is pleasing to see that over 90 bank and building society variable rate accounts now pay at least 5.75% (base rate). But the rate is only part of the picture when it comes to a competitive savings account. Too many of the high paying accounts come with restrictions and conditions.

Read full article... Read full article...

 


Commodities

Friday, August 24, 2007

Inflation Beating Savings: Gimmick or a Good Deal? / Commodities / Savings Accounts

By: MoneyFacts

Rachel Thrussell, Head of Savings at Moneyfacts.co.uk – the money search engine, investigates:“A new breed of savings accounts has emerged over the last month with Leeds BS and National Counties offering products that promise to beat inflation. But how do they fare in the current market? Are they a good deal or just a gimmick?

“Savers may be fooled into thinking these inflation beating accounts offer something special over and above a standard savings account, but if inflation remains under tight control (within 1% either way of the official 2% target), a best buy fixed deal could offer an equal or better return in the longer term.

Read full article... Read full article...

 


Personal_Finance

Sunday, July 29, 2007

Nationwide International Launch US Dollar and Euro Tracker Premium Accounts offering Leading Interest Rates / Personal_Finance / Savings Accounts

By: Nationwide

Nationwide International has today announced that it will be launching US Dollar and Euro Tracker Premium accounts with effect from Wednesday 1 August 2007. The accounts will offer market leading interest rates on offshore, no notice foreign currency accounts.

The new accounts will be available to new and existing customers and will offer:

Read full article... Read full article...

 


Personal_Finance

Monday, July 16, 2007

The Halifax Websaver's Excellent Short-Term Fixed Interest Rates / Personal_Finance / Savings Accounts

By: Shahla_Walayat

Halifax's flagship online savings account, the 'WebSaver' on face value offers a relatively poor interest of just 5.05%, but dig a little deeper and you would be surprised by the short-term fixed rates currently available. starting at 6.15% and rising to 6.57%

Read full article... Read full article...

 


Personal_Finance

Monday, July 02, 2007

Headline grabbing savings accounts – How long before we see a 20% interest rate? / Personal_Finance / Savings Accounts

By: MoneyFacts

Rachel Thrussell, Head of Savings at Moneyfacts.co.uk – the money search engine, comments on the new regular savings accounts launched today from Alliance & Leicester and Abbey:

Alliance & Leicester
“Alliance & Leicester has really taken savings market to another level with the launch of its Mortgage Regular Saver, not only in terms of its headline rate but also the number of conditions that are attached. The headline interest rate of 15% may look fantastic, and for anyone who can match the account requirements it is the best paying regular saver on the market.

Read full article... Read full article...

 


Personal_Finance

Tuesday, June 26, 2007

Nationwide Calls On Gordon Brown to Make a Difference on Housing and Savings As He Moved to No 10 / Personal_Finance / Savings Accounts

By: Nationwide

Nationwide Building Society has challenged Gordon Brown to put hard-pressed home buyers and savers at the top of his agenda through real reform that will make a genuine difference. During Mr Brown's ten-year tenure as Chancellor he has made some significant changes, including the introduction of the Child Trust Fund and increases to stamp duty thresholds. However, Nationwide continues to believe there are some major concerns that still need to be addressed. As he enters No. 10 as Prime Minister on 27 June, Nationwide Building Society calls on Gordon Brown to:

  • Ensure fair tax treatment for all child savers
  • Provide more help for hard pressed home buyers
  • Increase the limits on annual ISA savings
Read full article... Read full article...

 


Personal_Finance

Sunday, June 17, 2007

Nationwide Launches New Range of Fixed Rate Bonds Paying up to 6.15% / Personal_Finance / Savings Accounts

By: Nationwide

Nationwide Building Society has launched a new range of Fixed Rate Bonds offering highly competitive interest rates and guaranteed returns for savers. The following new Fixed Rate Bonds will be available:

  • One year Fixed Rate Bond
  • Two year Loyalty Fixed Rate Bond
  • One and two year Fixed Rate e-Bonds
Read full article... Read full article...

 


Personal_Finance

Monday, May 14, 2007

What Savers Want / Personal_Finance / Savings Accounts

By: Nationwide

New research from Nationwide reveals what consumers want from a savings account

New research from Nationwide has revealed that over a third (35%) of people are saving on a regular basis and an additional 44% save from time to time when they have spare funds. It also confirmed that one in five (21%) fail to save anything at all.

Read full article... Read full article...

 


Personal_Finance

Saturday, April 21, 2007

Beat Inflation By Increasing Your Real Rate of Return on UK Savings Accounts / Personal_Finance / Savings Accounts

By: Shahla_Walayat

Inflation as measured by the Retail Price Index (RPI) hit 4.8% this week. Which means that many savings accounts on the market are failing to keep pace with inflation and the value of your hard earned savings is falling.

Some of the most popular accounts such as Halifax Websaver at 5% and Cahoot Saving Account at 5.25% are paying basic rate tax payers a net return of just 4% and 4.2%. Which is less than the rate of inflation. Even at the top of the market range accounts such as ICICI Savings account at 5.65% fails to deliver a return in real terms, coming in at a net 4.52%.

Read full article... Read full article...

 


Personal_Finance

Wednesday, April 11, 2007

Increase interest rates on your savings accounts by up to 4.81% by saving online says moneyfacts.co.uk / Personal_Finance / Savings Accounts

By: MoneyFacts

Vote with your feet and get to work with your mouse

Rachel Thrussell Head of savings at moneyfacts.co.uk – the money search engine, comments: “With more and more banks closing branches, reducing opening times and cutting staff numbers, traditional branch banking may not always fit in with our busy 24/7 lifestyles. With internet banking providing a round the clock service, offering many of the facilities available in branch, it could be the perfect solution. And as the cherry on the cake, most internet accounts pay much better rates.

Read full article... Read full article...

 


Personal_Finance

Monday, April 09, 2007

ISA's and Saving Accounts - Can't Save or Won't Save / Personal_Finance / Savings Accounts

By: Submissions

Rachel Le Brocq writes : “I can't afford to” is a phrase often used when people are asked why they don't save; but why do some people save more and others save less, even though they are in similar situations?  A report, published today by the Building Societies Association, shows that one of the biggest barriers to saving isn't how much money you have, but the way you think about it.

The Individual's Saving Decision¹ reveals that almost a third (30%) of those people who do not save at the moment say absolutely nothing could persuade them to save.  Whilst some of these people really will not be able to save, many others can, but have chosen not to. 

Read full article... Read full article...

 


Personal_Finance

Wednesday, April 04, 2007

Best Cash ISA Tax Free Savings Accounts for the New Tax Year and Cash ISA Rules / Personal_Finance / Savings Accounts

By: Shahla_Walayat

The New Tax year is virtually upon us and nearly everyone over age 16 has a fresh £3000 allowance to add to their tax free Cash ISA accounts.

But first, if you have not already used your £3000 cash isa allowance for the 2006-07 tax year, then today (5th April) is your last day ! probably the easiest way would be to top up your existing Cash ISA which you should be able to do over the phone or at the branch.

Read full article... Read full article...

 


Personal_Finance

Monday, April 02, 2007

Moneyfacts.co.uk mini cash ISA survey 2007 shows you need to act quickly to get your hands on the best ISA deals / Personal_Finance / Savings Accounts

By: MoneyFacts

Rachel Thrussell, Head of Savings at Moneyfacts.co.uk – the money search engine, comments on this year’s finding: “This year’s moneyfacts.co.uk mini cash ISA survey shows the projected value of £3,000 over the tax year 2006 to 2007. Assuming that the full investment of £3,000 was made on 6 April 2006, that no withdrawals were made and all interest was compounded during the tax year, the survey has wielded some very interesting results.

“Alliance & Leicester, this year’s clear winner claims the top spot in the survey with its Direct ISA, returning £3,163.46. A no notice account, the product was launched on 9 January last year with a rate of 5.20%, but this included an introductory offer of a 0.70% bonus, which was swiftly withdrawn on 12 April. Transfers in were accepted, but it clearly demonstrates that investors had to be quick off the mark after the new tax year began if they wanted to take advantage of the product.

Read full article... Read full article...

 


Personal_Finance

Wednesday, March 21, 2007

Individual Savings Accounts (ISAs) becoming more complex - Not such an easy ISA / Personal_Finance / Savings Accounts

By: Sarah_Jones

Rachel Thrussell, Head of savings at moneyfacts.co.uk – the money search engine, comments:

“As the end of another tax year approaches, banks and building societies have been stepping up their efforts in an attempt to capture their slice of the huge ISA market.

“When the Mini Cash ISA was first introduced in 1999 as an easy tax efficient way to save, the majority of ISAs were straightforward, either instant access or notice and occasionally with an introductory bonus.

Read full article... Read full article...

 


Personal_Finance

Tuesday, March 20, 2007

Barclays Bank launches 6.5% Best Cash ISA on the market and new simple savings accounts / Personal_Finance / Savings Accounts

By: Shahla_Walayat

With less than a month left for UK consumers to make the most of their current tax-free ISA savings allowance, Barclays from Friday 16th March introduces a new cash ISA paying 6.50 per cent AER interest. Customers are able to save from as little as £1 and up to £3,000 in each tax year.

Andrew Jones, Barclays Product Director, said: “This is the best no catches cash ISA rate to hit the high street this year. Interest rates have been going up in recent months but until recently the best AER you could get on a cash ISA was below 6 per cent.

Read full article... Read full article...