Saving into bonds

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One of the more interesting consequences of the current economic crisis is that savers have become investors, according to some observers.
It’s an interesting point to raise, especially considering that many savings and current accounts remain fixed to the Bank of England base rate, with many current accounts providing 0% interest.
This means even traditionally strong savings [...]

To bother, or not to bother?

Story link: To bother, or not to bother?

 
The question is, is it really worth the effort to save anymore?
 
While I might be digging slightly to deep and detailed here, I’ll just carry on anyway. If you save £50,000 per year and travel to the bank say 10 times a year, you have probably spent the majority of your interest based earnings…is it [...]

Savers suffer as usual

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Lets be honest, what ever money finds its way into the financial system in the UK, will eventually be drawn back out again, with interest, at the cost of the tax payer.
Savers are the biggest victim in the whole scheme of things, as either way, good or bad, they always receive the worst deals and [...]

New Banking Act

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The new act that allows troubled banking sector organizations to be rescued has now been put into place (As of 21/2/09) which will hopefully create some stability within the banking sector, as well as some kind of safeguarding for investors and savers.
New Banking Act
The UK’s new Banking Act, which will allow authorities to intervene and [...]

Savers fall in January

Story link: Savers fall in January

Savings are falling at a rapid and large rate, mainly due to the fact that the interest credited to a savings account, even for a large balance, is not paticulary worth mentioning.
 
Interest rates are so low now that savers find interest almost completely unbeneficial to their financials. Looking for alternative options to store cash is [...]

Poor savings accounts

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Many people simply do not bother to find the best deal and that is not just related to savings accounts.
 
There are plenty of comparison sites that allow customers to compare a range of financial products, so its always worth a quick look before agreeing on a high street offer.
 
Poor savings accounts
 

Many UK consumers have not [...]

Inflation at 3%

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December 2008 saw Consumer price inflation dip to just 3.1%, and January was much the same, with Consumer price inflation continuing to fall, now standing at just 3%.

Inflation at 3%

Consumer price inflation (CPI) fell in January to an annual rate of 3%, down from 3.1% in December, official figures have shown.
The modest decline is [...]

Egg to increase rates by up to 7%

Story link: Egg to increase rates by up to 7%

This will put the current rate of 16.9% to a stupidly high 23.9%. Will consumers seriously loan money based on this ridiculously high rate!
The rates offered by Egg are almost criminal!
Egg to increase rates by up to 7%
Credit card provider Egg could increase rates by 7% next month, affecting 500,000 Egg Visa and Money MasterCard [...]

Deflation decreasing benefits savers

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The good news for savers is that inflation is starting to fall with interest rates, which at least means even though they are getting a tiny return on investment, they can match against the current rate of inflation.
Deflation decreasing benefits savers
INFLATION fell in January, giving some respite to hard-pressed savers struggling to get a real [...]

Bankers up to no good

Story link: Bankers up to no good

It seems Barclay’s are among a few of the banks embarking in the what seems to be ‘schemes’ rather than investment oppurtunities. Off shore bank accounts, guaranteed returns and a series of small print makes some of Barclay’s offers look slightly un ethical.
Bankers up to no good
Of the long line of repentant bankers who passed [...]