NS&I's Savings latest survey has found that this winter, the amount of money the population is saving has decreased to its lowest level for over two years. On average, the British public is now setting aside 6.25% of their monthly take-home income. This figure has fallen consistently since this time ...
NS&I has revealed new research that shows people across Britain are not yet planning for the changes to ISA entitlements this year and risk missing out on tax-free returns. Just 15% of Britons surveyed say they understand the new limits, which enables individuals to save up to £10,200 per year ...
M&S Money has announced the launch if its new flexi cash ISA option, offering a variable rate of 2.65% AER/tax-free. This includes a bonus rate of 1.25% for 18 months from initial deposit.
Research commissioned by M&S Money revealed that people are now more concerned about easy access to their savings ...
January 15th 2010
Categories:
Assets,
Banks,
Checking & Savings,
Financial,
Financial Information,
Financial Services,
ISAs,
Investment,
Money,
Personal Finance,
Retirement
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Prudential has revealed new research that shows nearly six out of 10 financial advisers are concerned about possible regulatory action over asset allocation and fund selection decisions. The research found that 39 per cent of advisers are concerned they could face problems justifying decisions while another 19 per cent are ...
According to the latest Quarterly Savings Survey by NS&I, the British population is feeling increasingly confident about its ability to save more in the coming year. Perhaps encouraged by recent reports of a financial upturn, British savers are more confident in their outlook with over a quarter of the population ...
NS&I has revealed that despite the financial shock of the last 18 months, data for the last five years shows that Britons have not made savings any more of a priority. This is according to NS&I's Savings Survey which, with more than 50,000 people interviewed since the Survey began five ...
Saving money has become the chic thing to do. Nowadays clipping coupons and bargain shopping is not only done by strange and eccentric people – it has become the norm for typical, everyday people as we do our daily spending. It seems the more you save the more you are ...
Dreaming about a better day or time is a normal and healthy part of life. Without dreams our life would be dull and boring because we would have nothing to aspire to. As children we dream about how wonderful our life will be when we become adults and when we ...
November 17th 2009
Categories:
Banks,
Bonds,
Checking & Savings,
Costs,
Financial,
Financial Information,
Financial Services,
Financial Statements,
ISAs,
Investment,
Money,
Personal Finance
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NS&I's 'Families, Finance and the Future' report has shown that before having children, Britons believe you should have an income of at least £25,000 per annum to ensure financial security, while 20% of those surveyed said that they would seriously consider not having children because the cost of having them ...
October 28th 2009
Categories:
Banks,
Bonds,
Checking & Savings,
Financial,
Financial Information,
Financial Services,
Financial Statements,
ISAs,
Investment,
Money,
Personal Finance
No Comments
From the end of October, the products will only be available directly from NS&I (by freephone, online or by post) and no longer available through the Post Office.
NS&I and the Post Office have jointly agreed to this change, which is in part a reflection of the development of the Post ...
October 12th 2009
Categories:
Banks,
Bonds,
Checking & Savings,
Financial,
Financial Information,
Financial Services,
Financial Statements,
ISAs,
Investment,
Money,
Personal Finance
No Comments
NS&I (National Savings and Investments), one of the UK's largest savings organisations, is delighted to be working with Matthew Biggs to encourage 'growing your own' at this year's BBC Good Food Show events.
Visitors to this year's events in Glasgow (SECC, 30 October - 1 November), London (Olympia, 13 - 15 ...
Despite the base rate remaining static for six consecutive months, and with another hold expected f r o m the MPC today, the latest market analysis f r o m uSwitch.com reveals that savings providers are still intent on cutting rates across their product ranges. In the last month alone, ...
October 5th 2009
Categories:
Banks,
Bonds,
Checking & Savings,
Financial,
Financial Information,
Financial Services,
Financial Statements,
ISAs,
Investment,
Money,
Personal Finance
No Comments
The revised allowance will come into effect from 6 October 2009. This change will enable existing Direct ISA and Cash ISA customers who will be 50 years or over on the 5 April 2010 to deposit up to £5100 into their ISA in the current tax year. From 6 April 2010 more ...
Prudential has recently released new research that shows that one in four investors have ruled out a return to stock market investment in fear of losing money.
Around one in four potential investors - equivalent to 11.9 million people - are ruling out equity investments because of a lack of confidence ...
This year really has been a savings rate massacre for consumers, with rates falling to historic lows in line with the plummeting base rate. New research from uSwitch.com reveals that in response to this rate land slide, 9 million savers have locked away a total of £131 billion in fixed rate savings ...
September 25th 2009
Categories:
Banks,
Checking & Savings,
College Finance,
Financial,
Financial Information,
Financial Management,
Financial Services,
Financial Solutions,
ISAs,
Insurance,
Insurance Services,
Investment,
Loans,
Money,
Personal Finance
No Comments
Lloyds TSB has revealed new research that shows two thirds (61 per cent) of over 50s do not understand the approaching ISA changes which will enable more than 21 million savers to benefit from an increased tax free savings allowance.
As part of this year's budget, the Chancellor announced that the ...
Lloyds TSB Monthly Saver account holders can enjoy this competitive fixed rate for twelve months on regular monthly deposits between £25 and £250. If customers find they have additional funds to save, they can increase the amount on their monthly standing order at any time during the 12 month period, ...
June 11th 2009
Categories:
401K,
Checking & Savings,
Financial,
Financial Education,
Financial Information,
Financial Services,
IRA,
ISAs,
Investment,
Money,
Retirement
No Comments
Retirement savings have dwindled significantly over the past 18 months. The median rate of return on 401k balances was negative 28.3% in 2008 according to a study by human-resources consulting firm Hewitt Associates. The average 401k balance dropped from $79,600 at year-end 2007 to $57,200 at the close of 2008.
In ...
The everyday savings account has a variable interest rate of 1.56% AER which includes a 1% bonus for 12 months from the date the account is opened. Interest rates are variable and interest is calculated daily and paid into the account monthly.
Customers can apply for an account on the phone or by ...
The Group has been working with the British Bankers' Association (BBA) and other savings providers to adopt the process ahead of the new tax year.
Lloyds TSB, Halifax and C&G will now be able to send and receive cash ISA transfers electronically via the Bankers' Automated Clearing Services (BACS). These changes will speed ...
