Savings Accounts

Abbey this week launches new issues of its popular Super Fixed Rate Monthly Saver and Fixed Rate Monthly Saver, offering some of the best rates on the high street, despite the falling interest rate environment.

Norwich and Peterborough Building Society (N&P) is launching a second issue of its popular E-Saver Account on Tuesday 23rd December 2008.

Nationwide Building Society has announced the launch of a new online savings account, paying up to 3.75% gross p.a./AER.

Abbey this week encouraged all first time buyers looking to maximise their cash to take advantage of its limited edition First Home Saver (Special Issue 1). The account offers a highly competitive 6.50 per cent AER, a market leading product in a falling base rate environment.

Alliance & Leicester Savings is launching a new, branch-based account, RewardSaver, on 3 December, which is designed to offer a competitive return for lump sum savers.

Whilst a good rate of interest is the most important factor cited (92%), there is division when it comes to other features, according to research from Alliance & Leicester Savings.

Sean Gardner, MoneyExpert.com, said: "This account looks good on paper. If you've got £10,000 or more then seven per cent is an attractive rate and difficult to beat at the moment. The average rate on fixed term accounts is 5.25 per cent so it's a competitive option.

Abbey is launching the innovative First Home Saver (Special Issue 1) account aimed exclusively at helping first time buyers save up a deposit for their first home. The First Home Saver (Special Issue 1) offers a market leading eight per cent AER for first time buyers aged between 16 and 35 saving for a home.

Skipton Building Society has announced the launch of a new issue of its Christmas Saver Account on 3 November 2008.

From today UK savers will be able to take advantage of the ‘best buy' rate being offered by the Sleep Easy Saver account.

On Friday 31 October, Coventry Building Society launches the second issue of Sixty-Plus PostSave - its highly successful postal account exclusively for the over 60s.

Newcastle Building Society is offering savers the opportunity to protect their savings against the effects of inflation with the launch of its new Inflation Protector account.

Over 13 million people claim to have £165 billion worth of savings in accounts that impose penalties if withdrawals are made, according to research from Sainsbury's Finance. In addition to this, 5.86 million people claim to have money in these types of accounts but don't know how much.

A new account for savers keen to benefit from an attractive rate of interest and capitalise on a loyalty bonus, has been launched by The Nottingham - one of the UK's leading regional building societies.

As providers compete for saver's cash, more and more tempting bonuses are being added to easy access accounts to create temporary table topping rates.