‘Stubbornly high’ inflation rates will mean savers continue to ‘feel the pain’ as they put money away for their future.
The run up to Christmas is normally paired with lists containing the latest toys, video games, clothes and gadgets. Add to this a Junior ISA and you'll have a present that keeps on giving.
Despite their tender years, many children in the UK understand the need to put money aside for the future. That is according to recent research conducted by the money saving website MyFamilyClub, which revealed that 78 per cent of children are saving some or all of their pocket money.
Children could be taking financial lessons direct from parents with fantastic results for savings accounts and spending habits, new research suggests.
Yesterday's announcement that inflation has risen to 2.7% in October is bad news for savers, according to comparison website MoneySupermarket.com.
Brits do not have enough savings to survive if they lose their job, according to research from HSBC.
The Co-operative has called for minimum standards to be introduced in order to protect customers reliant on basic bank accounts.
The average cost of Christmas this year will be £527, according to research released by HSBC today.
Putting away savings could be having a direct impact on happiness, according to a report from NS&I.
Savings are being eroded by inflation rates, savers have been warned day.
If you're looking to make the most of your cash with little effort an online savings account could be just what you need.
The takeover of ING by Barclays could be significant for ING savers, according to MoneySupermarket.
Auto-enrolment will change the lives of millions of people, according to the Department of Work and Pensions. The scheme is launched today, with around 600,000 people being enrolled.
Comet came out on top as the place where people are likely to pick up a discount on big ticket items, according to research from MoneySavingExpert.
Average savings are hitting almost £6,000, according to figures from Halifax. The savings provider suggests that savings habits are getting better with age.
With the recent fall in the consumer prices index to 2.4 per cent meaning more savings accounts now beat the eroding effect of inflation, MoneySupermarket is urging savers to check their rates to avoid missing out on the best deals available.
The Post Office has launched a new issue of its online saver, paying enough interest to see a return in cash in real terms. A drop in inflation has led to a number of savings providers being able to offer security to their customers.
A new savings bond has been launched by the Yorkshire Building Society, offering a return of 3.4 per cent. The 18 month bond can be opened with a minimum of £1,000 and savers must be aged 16 or above.
The potential of savings could be boosted by a drop in inflation. It was announced today that the CPI rate had fallen for the third month running to 2.4 per cent.
Nationwide has launched a new savings bond for current customers of the bank. The bond will pay a rate of 3.80 per cent AER and can be opened immediately.
A new short term bond from Chelsea Building Society is available, paying a over 3.5 per cent over its course. The bond is available now and can opened with as little as £1,000.
Inflation has dropped to 2.8 per cent says the Office for National Statistics. The figures released today are good news for savers that are looking to make the most of saving above inflation.
Today’s announcement by the Bank of England that inflation has dipped to three per cent is a welcome boost for savers as 46 saving accounts on the market now beat inflation, according to MoneySupermarket.com.
Leeds Building Society has announced a new instant access savings account to mark the Queen’s Diamond Jubilee. The Diamond Saver pays 2.65 per cent - a variable rate of 2.05 per cent, plus an additional bonus of 0.6 per cent until May 31, 2013.
Sainsbury's Bank has announced it will be increasing the interest rate on its eSaver Special account in order to offer savers a competitive rate in a tough savings market. The account can be opened and managed online and offers returns on balances between £1,000 and £100,000.