A recent research study has found that savings accounts in the UK are failing to protect savers against the ravages of inflation, industry experts report.
Tag Archives: high interest savings account
Top 3.25 interest rate binned by Derbyshire Building Society
Derbyshire Building Society recently gave savers another reason to despair when it announced it was binning its top 3.25 per cent interest rate.
National Grid jumps into NS&I’s shoes with new bond
While the government’s banking arm recently withdrew its index-linked fixed rate bond earlier in September due to runaway levels of demand, utility group National Grid has stepped up and taken up the slack by offering their own take on a long term savings product.
Savings account experts counsel saving before university
Savings account experts have recently counseled prospective university students on the benefits of taking a year to work and put cash away in savings product such as an ISA before going on with their education.
Savers fight against inflation, deposit heavily into ISAs
In order to combat their fears against rampant inflation, savers have begun to invest more heavily into ISAs and other high interest savings accounts.
West Bromwinch BS launches top fixed rate bond
One building society has recently secured the to of the best buy tables with the launch of a new one year fixed rate bond carrying an interest rate of 3.55 per cent.
As inflation soars, savings accounts become more important
As inflation continues to rise in the wake of the recession, one expert has suggested that savings accounts have become increasingly important for Britons to incorporate into their finance regime.
Interest rates may rise soon say industry experts
As Bank of England policymakers begin to indicate their willingness to raise the base rate, interest rates may soon be on the rise in the UK.
Best business bank accounts compete for savers
Two of the biggest and best business bank accounts on the High Street have begun competing for savers by offering enticing fixed rate bond packages.
Savers clamour for return of high interest savings accounts
Thanks to soaring inflation, savers have begun to clamour for the return of high interest savings accounts in the form of index-linked savings certificates from the NS&I.
Your information will NEVER be shared
