Saving into bonds

Story link: Saving into bonds

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 make no return

Story link: Savers make no return

With inflation at its current level and with interest rates so low, there is virtually no chance that the majority of savers will even make a return on their capital that is being stored in savings accounts.
Inflation has dropped recently, but that does not have a drastic affect for savers, due to the interest rates [...]

Savers get younger

Story link: Savers get younger

 
Nowadays the younger generations are realizing more and more that they can’t simply rely on government support, or so called ‘safe pensions’ for the future.
 
By becoming independent and saving for the future, younger savers in the long term, will be putting the UK economy in a stronger position.
 
Savers get younger
 

Brits aged 18-34-years-old are saving a [...]

Cash ISA’s fall

Story link: Cash ISA’s fall

Just 12 months ago, someone looking to save could get some nice tax free savings in their ISA account at a juicy rate of around 5%. Just 12 months down the line and the same saver would be looking at getting just over 1.3% return on their savings, why bother!
Cash ISA’s fall
Cash Isa savers have [...]

Premium bond prizes go unclaimed

Story link: Premium bond prizes go unclaimed

Its amazing to think that people invest this money waiting for a prize, then when they actually receive one, they don’t claim it.
Some of these prizes are likely to be £50-100, where as some are anything up to £100,000!
Premium bond prizes go unclaimed
Thousands of people have won premium bond prizes and never claimed their money, [...]

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 [...]

Barclay’s not treating its customers

Story link: Barclay’s not treating its customers

You would have thought that seems as though Barclay’s have reporting an operating profit of around £1bn over the last financial year, despite the fact that the country is in a huge recession, that they would have treated their customers by passing on some of the recent rate cuts.
No wonder the UK public hate the [...]

Are Lloyd’s Savers Safe?

Story link: Are Lloyd’s Savers Safe?

Investors will be just as interested to see if the savers are safe, as the savers are.
Even though Lloyd’s has suggested that its balance sheets are extremely healthy, the markets don’t agree, so any sign of weakness over the next few weeks will be a clear sign that Lloyd’s value will decrease, pretty much over [...]

Savers wait for more rate cuts

Story link: Savers wait for more rate cuts

 
Savers have officially been damaged by the recession, with four rate cuts since October, leaving them to gain a 1% return on their money in most places, if not less.
 
The next press release savers will not want to see, will be one stating that the rates are dropping even further!
 

Savers wait for more rate cuts
 

With [...]