Given the mix of tasty fruit and banana skins 2011 offered we thought we’d look into our crystal ball to give our view as to what 2012 might hold for UK personal finance.
Fixed rate savings accounts offer consumers a fixed rate of interest on the money deposited into the account for a set amount of time. The catch is that you won’t be able to access that money for the same period, without incurring a huge drop in the amount of interest you were due to earn [...]
ISA savings accounts were introduced by the government in the UK in 1999 in an attempt to encourage Britons to start saving. There is a limit to the amount of cash that can be deposited into a cash ISA each fiscal year due to the benefit of tax relief – currently £5,340.
UK interest rates on [...]
Here are some things to bear in mind when you apply for a savings account because, let’s face it, sometimes applying for a savings account can become quite complicated, especially when you consider that each account is designed to meet different needs, and it is not simply about finding the best interest rates.
Types of savings [...]
A recent survey from Barclays found that increasing numbers of young people in the UK have difficulty in managing their money. Over a third of respondents aged between 16 and 24 said that they regularly ran out of money. Meanwhile, others didn’t understand how credit cards and current accounts worked.
So, if you’re looking to make [...]
Trying to maximise your savings returns can be tough. With interest rates having been held at a record low rate for over two years, it has been a difficult time for savers. And, with inflation rising to over 4 per cent, finding an account to keep pace with increases in the cost of living has [...]
The desire of thousands of Brits to avoid tax on savings accounts led to a significant increase in the amount of money invested in tax-free accounts in April 2011. New figures from the Building Societies’ Association (BSA) show that the amount of savings invested in cash Individual Savings Accounts (ISAs) in April 2011 was more [...]
There has long been a ‘north/south’ divide in the UK when it comes to house prices, but it seems that there is also a geographical link between the amount of savings that British households put aside.
New research from Halifax has found that people who live in the South East of England are better at saving [...]
High-interest savings accounts are still struggling to keep pace with rises in the cost of living, mainly because of the current rate of inflation. With precious few accounts offering inflation-busting returns, many Brits have instead stopped saving into instant-access savings accounts altogether, preferring to pay down mortgages and other debts.
High interest savings accounts not keeping [...]
5.6 million youngsters could see the returns on their savings fall from later this year after the announcement that Child Trust Fund (CTF) holders will be banned from taking out the new Junior ISA. That’s the view of many financial experts who believe that savings returns on Child Trust Fund accounts will now be reduced [...]
Charity giving during the recession
Ethel Johnstone said: I think you're right to highlight t
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Are fixed rate savings accounts the best way to save?
Anon said: The catch is that you won’t be ab
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Smart meters – Energy made easier
P J Hudson said: What happens to the outstnding bill
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Is mobile broadband too expensive?
Mark said: You also have to factor in the lin
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Lack of high speed broadband ‘costing Britain £1.3 billion’
Stewart Cresswell said: In July 2009, the communications wa
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