Savings | Savings news, rates and offers

Alliance & Leicester Savings has launched two new Fixed Rate Bonds with competitive interest rates - a 6 Month Fixed Rate Bond, and a 3 Year Fixed Rate Bond with interest rates of 4.50% gross and 4.00% fixed gross pa/AER respectively.

NS&I (National Savings and Investments) is reducing the interest rates on its variable rate savings offers by up to 1.50% per annum following the movement in the Bank of England base rate by 1.50%. The rates on NS&I's fixed-rate savings will remain unchanged.

More than a quarter of parents with children over 25 are helping them financially, with 31% of those parents still handing out ‘pocket money', according to Engage Mutual.

Skipton Building Society has launched new issues of its Pick ‘N' Fix bond, paying rates of up to 4.55% gross pa with a monthly income options. These rates replace any previously available, existing customers are not affected.

Leeds Building Society has launched a new 6-month Fixed Rate Postal Bond paying a guaranteed return of 5.00% gross p.a. / 5.06% AER. The bond also allows unlimited access to all of the funds at any time, without notice or penalty.