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| Savers 'should check for account restrictions' Savers have been urged to scrutinise the new wave of attractive savings account offerings for restrictive conditions before choosing one.
Defaqto issued its warning to savers at a time when more and more account providers have been hiking rates on their instant and easy access savings accounts - providing what appear to be great deals for customers.
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Other Savings stories |
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ISA transfers to be accelerated.
Banks and building societies have pledged to speed up the transfer of individual savings accounts (ISAs), amid increasing customer concerns over lengthy delays to the process.
27th August 2008 15:38
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Soaring bills crunch households' disposable income.
Britons are set to transfer less and less of their money into savings accounts amid signs that the strain on households' disposable income is mounting.
26th August 2008 15:37
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Experts gloomy over property investments.
Conditions for property investors are worsening, according to a poll conducted by Real Estate Investment Trusts (Reita).
22nd August 2008 16:06
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Child Trust Funds 'should reflect inflationary pressures'.
The money provided to families in the form of Child Trust Funds (CTFs) should move in line with soaring inflation, it has been claimed.
20th August 2008 16:11
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Banks cut rates on instant access accounts.
Banks are cutting interest rates on instant access savings accounts, new research shows, despite their need to attract more money from customer deposits.
19th August 2008 17:03
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Brits opt for tried and trusted banks.
Concerned Britons are becoming increasingly likely to keep their money with a tried and trusted high street lender instead of choosing an attractive deal with a smaller provider, it has emerged.
18th August 2008 16:31
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'Spend now, pay later culture is over'.
The 'spend now, pay later' culture of the last decade is being replaced by one that 'saves now and buys later', it has been claimed.
15th August 2008 16:25
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Brits not saving for long-term care fees.
Parents who fail to save for care fees in their dotage are placing a significant financial burden on their offspring, it has been claimed.
14th August 2008 16:38
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NS&I buoyed by investors' 'flight to safety'.
Credit crunch-hit investors fleeing the volatile equity markets have helped National Savings & Investments (NS&I) to post record sales.
14th August 2008 16:33
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Inflation eating into Brits' savings.
Soaring inflation is set to erode millions of Britons savings unless they take action and move their money elsewhere, a price comparison site has warned.
12th August 2008 12:15
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More Savings stories |