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 [...]

Saving at fixed rate

Story link: Saving at fixed rate

A large amount of places offering saving deals over the last few weeks have had a good deals to offer consumers, mainly due to the fact that the Bank of England slashed the based rate meaning banks could pass on their savings.
It is definitely worth shopping around for the deals on comparison sites and the [...]

What do you know about ISA’s?

Story link: What do you know about ISA’s?

There are many rules and regulations regarding ISA’s, most are quite obvious, but some not so obvious. If you are a saver you need to take full advantage of ISA options so that you get the best return on your money, especially as the banks are not giving much interest in the first place!
What do [...]

Savers suffer as usual

Story link: Savers suffer as usual

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

Story link: New Banking Act

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 [...]

Save on food bills

Story link: Save on food bills

Save on food bills
 
Every time savings pops up in the headlines, we automatically assume that it is something to do with banks and how they are changing savings accounts for the worse.
 
Actually this time, this article is showing people that chopping back is not as hard as it needs to be, simply chopping a few [...]

Safe saving is good

Story link: Safe saving is good

The way the economy is, you would think that the public did not actually have any money, but infact it is completely the opposite. Consumers are now choosing to save their spare cash for safe keeping in savings accounts, rather than spending it as soon as they get it.

Safe saving is good

British consumers are [...]

Poor savings accounts

Story link: Poor savings accounts

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%

Story link: Inflation at 3%

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 [...]

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 [...]