January 8, 2009
Savers punished once again
Story link: Savers punished once again
Hardly a fair scenario for people in a position to save, who are probably going to be better off leaving their cash in their bedroom rather than wasting their times depositing in banks, which definitely aren’t as useful or stable as they used to be.
Savers punished once again
The battlelines are drawn. On one side we [...]
December 31, 2008
Save more in the New Year
Story link: Save more in the New Year
A lot of people are trying to consolidate debts, allowing them to be in a strong financial position for 2009, mainly due to the lack of security.
Its also a good idea to save, although its not likely your going to be getting much of a return on your money!
Save more in the New Year
Some 47 [...]
December 13, 2008
M&S ISA
Story link: M&S ISA
I would’ve thought that M&S would’ve got their accounts running in line with base rate at the minimum. I suppose if they free up a few extra pennies people that have accounts with them are most likely to be fairly loyal shoppers anyway.
M&S ISA
M&S Money has announced that it has reduced the rate of interest [...]
Saving becomes popular
Story link: Saving becomes popular
That’s quite a shock to be honest, according to statistics everyone has less money, but this doesn’t look to be true, maybe it’s just being stored away.
On the other hand the drop in interest rates has allowed people on mortgages such as trackers to save huge amounts on money.
Saving becomes popular
Nationwide has published a new [...]
December 7, 2008
Newcastle Building Society’s new account
Story link: Newcastle Building Society’s new account
Not quite on par with the Abbey account, although the figure isn’t based on a monthly deposit, but rather on the total amount deposited, which could be good for people with savings over the £3,600 mark.
Newcastle Building Society’s new account
Newcastle Building Society’s will launch a new individual savings account (ISA), it has been announced.
The new [...]
Abbey and their new account
Story link: Abbey and their new account
This is definitely a great incentive to save with Abbey, although it is questionable to whether there will be enough of an uptake as not many families have access to that kind of disposable income every month.
Abbey and their new account
Abbey has announced the launch of a new savings account aimed at people who are [...]
Savings to pay off debts
Story link: Savings to pay off debts
As a whole you could say that the savers are paying off the debtors, but I don’t think its fair to say that individuals are paying off their debts with their savings.
Ill put it another way:
If you saved £10,000 and were earning 5% (very optimistic) interest, and had debts accrued at around 8% interest, would [...]
New savings account from Leeds Building Society
Story link: New savings account from Leeds Building Society
A nice gift to savers for once, who have been hit very, very hard over the last few months, rewarded with rates as low as 0% for their saving efforts!
Of course, this is basically a loss leader to get people banking with Leeds Building Society.
New savings account from Leeds Building Society
Leeds Building Society has announced [...]
Savers need help
Story link: Savers need help
Hold out for worse times to come I think, especially with the UK currency being devalued by press releases every day. I wouldn’t be worrying about people not spending, but be worried about the affects that could take place if the currency was eventually, worthless!
Savers need help
Another week and another bail-out for victims of this [...]
Alternatives to basic savings
Story link: Alternatives to basic savings
Very interested information to be had here about a few income building opportunities. The thing here is to go against the trend, don’t do what everyone else is or has been doing for the last few years, but think outside the box slightly!
Alternatives to basic savings
Cash is no longer king as savings rates have started [...]