Savings news library

  • Interest rates fall to 3%

    Economists had been calling for the Bank of England to take drastic action in its battle against recession and it has done just that. The Monetary Policy Committee surprised t...

    Clare Francis - Editor

    Updated: 06 November 2008

  • Savings confusion - Q&A

    With many Icesave customers struggling to get through to advisers at the collapsed bank or the Financial Services Compensation Scheme (FSCS), confusion and concern exists abou...

    Kevin Mountford - Head of Banking

    Updated: 04 November 2008

  • Good news for Icesave customers

    The 300,000 account holders with Icesave are a step closer to having their money returned....

    Clare Francis - Editor

    Updated: 04 November 2008

  • Why savers need to be vigilant

    We saw the Bank of England reduce interest rates by half a point in October and another cut is expected on Thursday. Many economists are warning that Bank rate will have to fa...

    Kevin Mountford - Head of Banking

    Updated: 31 October 2008

  • Bank customers turn to 'safe' Abbey

    High-street bank Abbey has seen new deposits increase by 70% this year as customers shop around to find a safe haven for their cash.
    ...

    Updated: 28 October 2008

  • Iceland to hold cash-freeze talks

    Compensation for UK savers who lost money in collapsed Icelandic banks is being pursued by officials from the Treasury and the Bank of England....

    Updated: 23 October 2008

  • L+G cuts final payouts for savers

    Long-term savers with insurer Legal & General are to have their final payouts slashed by up to 9%....

    Updated: 22 October 2008

  • £208bn now invested in Isas

    A third of UK households now have a total of £207.8 billion invested in Isas, up from the £28.6 billion saved in the year they were first introduced....

    Updated: 20 October 2008

  • ING and Icesave update

    The announcement that the Dutch Government has injected €10billion into banking giant ING, may have caused concern among UK savers, particularly those with Kaupthing Edge...

    Kevin Mountford - Head of Banking

    Updated: 17 October 2008

  • Boom time continues for savers

    When the Bank of England cut interest rates by half a point earlier this month it should have spelled good news for borrowers but bad news for savers. However, these are no or...

    Kevin Mountford - Head of Banking

    Updated: 16 October 2008

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