News Tag: savings account
September 10, 2009
Leeds Building Society (LBS) has launched a new instant access passbook savings account paying up to 2.5% interest.
Customers opening an Albion Saver passbook account are given a passbook that allows them to deposit and withdraw money at any LBS branch.
Opening the account requires a minimum deposit of £2,500.
The standard gross interest rate on the account is 1.6%. Customers wishing to earn ...
Leeds launches instant-access passbook saver
by David Masters
August 28, 2009
Leeds Building Society has launched a new savings account to help older people pay for their winter heating bill.
The Winter Fuel Saver account is available only to customers aged over 60 and pays interest at 5.12% through the winter months.
When winter is over on 28 February the account's interest rate drops to 0.25%.
"The current low interest rate environment has put pressure ...
Leeds launches over-60s winter warmer account
by David Masters
May 11, 2009
Savers are signing up for the Albion Cheque instant access account at Leeds Building Society (LBS) in record numbers.
LBS said the account, which pays interest at up to 2.5%, has seen a significant uplift in the number of new customers signing up, as well as in the account balance of current customers.
"We have seen record numbers of new accounts opened ...
Record number of savers choose LBS account
by David Masters
April 6, 2009
Halifax this week announced the launch of its 2009 Christmas Saver account aimed at encouraging low income families to put money aside for the Yuletide season.
The monthly deposit account has been designed to foster a culture of saving among users of social banking services - a habit that has declined in recent years.
Halifax will be writing to 70,000 of its social banking ...
Halifax launches 2009 Christmas Saver
by David Masters
March 23, 2009
Saga Personal Finance has launched two new fixed-rate savings accounts for savers aged 50+.
The eighteen month account pays interest at 3.45% AER, whilst the two year account pays 3.5% AER.
Savers can opt to have interest paid on a monthly or a yearly basis, although no funds can be withdrawn from either account during the account term.
Saga, which specialises in providing financial ...
Saga fixed-rate savings account pays 3.5%
by David Masters
March 10, 2009
The Nottingham has launched a new savings account designed to meet the needs of children under 16.
The Child Regular Saver can be opened with a deposit of just £10, and offers a guaranteed interest rate of 5% fixed until April 2010.
Relatives can pay up to £100 into the account every month.
Once the account matures on 15 April 2010 it automatically transfers ...
The Nottingham launches 5% children’s account
by David Masters
January 19, 2009
Nationwide International this week reduced the interest rate on its US Dollar accounts.
The offshore subsidiary of Nationwide Building Society cut the interest paid on its US Dollar Tracker Premium account to 0.50% AER, whilst the US Dollar Savings account rate was moved down to 0.25% AER.
Nationwide said the new rates were a response to the US Federal Reserve's December base rate reduction.
It ...
Nationwide International reduces savings rate
by David Masters
January 14, 2009
Research released yesterday reveals that savings accounts are still popular with Brits despite tumbling interest rates.
In a survey conducted by Fairinvestment.co.uk, 36% of respondents said they continue to keep their money in a savings account with banks or building societies despite interest rates falling as low as 0%.
Over a quarter, 26%, put their savings in a cash ISA, 17% choose a ...
Brits keep saving despite rate cuts
by David Masters
January 9, 2009
Santander-owned Abbey has reissued its Super Fixed Rate Monthly and Fixed Rate Monthly savings accounts.
The company said it hopes the two reissued accounts will help customers kick-start their New Year's resolution to start saving.
Abbey's Super Fixed Rate Monthly Saver offers a 7% AER for 12 months, provided no withdrawals are made, and between £20 and £250 per month are deposited into the ...
Abbey launches 7% monthly saver
by David Masters
December 11, 2008
Nationwide Building Society has launched a new online savings product.
E-Savings Plus accounts are run like Nationwide's FlexAccounts, and offer savers a gross AER of up to 3.75%.
The new account is designed for savers who want a competitive interest rate, but also need to access their savings.
Customers can withdraw money from the account up to three times per year and still ...
Nationwide releases new online banking product
by David Masters
