Tag: savings accounts

Moneynet reveals top three savings accounts

Moneynet reveals top three savings accounts

Moneynet.co.uk has released its list of the top three savings accounts available to UK savers. The price comparison site said Barclays is best for regular savings, West Bromwich Building Society offers the top rate for fixed-rate accounts, and Barclays comes top for individual savings accounts. Barclays Monthly Saver pays a ‘cracking’ 6% AER fixed for [...]

May 7, 2009 | 0 Comments More
NatWest and RBS launch pensioner savings account

NatWest and RBS launch pensioner savings account

With interest rates plummeting on many savings accounts, NatWest and RBS have launched new savings products to help pensioners feeling the pinch. Many pensioners rely on interest from their savings as a source of income. Because of this, the two banks have launched their own specialist savings account for over 60s and for those drawing [...]

February 9, 2009 | 0 Comments More
Building societies best for consistent interest rates

Building societies best for consistent interest rates

Buildings societies offer the most consistent interest rate on savings accounts, new research has revealed. A study by Moneyfacts.co.uk found that 79% of the most consistent savings account interest rates are at building societies, rather than banks. Since the Bank of England started cutting interest rates in December 2007 - and especially since the recent [...]

January 28, 2009 | 0 Comments More
Interest on savings plummets to 0%

Interest on savings plummets to 0%

Fears that the interest rate on savings accounts could crash to 0% are turning into reality, with two providers already cutting rates to zero. West Bromwich, Britain’s seventh largest building society, has severed the underlying rate on its Bonus Saver account to 0%. Customers of the Bonus Saver account can qualify for a 2% bonus [...]

January 13, 2009 | 0 Comments More