Savings

Temporary savings deposits may get more protection

Savers who deposit large sums into their accounts could get a short-term increase in the level of protection guaranteed their money should the bank or building society get into difficulty.

Pensions deficit hits record levels

Final salary pension schemes in the private sector were underfunded by £219 billion last month, new figures have revealed.

ISAs are 'underfunded'

Too few people are taking advantage of the savings opportunities afforded by ISAs, it has been claimed.

Bonus rates fall again for employee share schemes

The Treasury has announced another reduction in the bonus rates for the Save As You Earn (SAYE) sharesave scheme.

Better savings rates around the corner

It has been predicted that savers could soon be seeing much improved rates of interest.

Savers taking money out of accounts

Almost £2.3 billion were withdrawn from savings accounts in January, new figures have shown.

Savings rates slip to another new low point

Savings accounts were delivering record low returns in January, new figures have revealed.

Bonus rate accounts used to entice savers

Banks and building societies are boosting the bonuses they offer people opening new savings accounts in an effort to recruit extra customers.

Tax breaks urged for savers

Savers should be offered tax incentives as way of combating the poor returns currently being delivered by savings accounts, a leading banker has argued.

Savings returns dip to new low

Savers have been confronted with more bad news on the release of figures from the Bank of England showing that savings accounts are paying out the lowest interest rates since 1995.

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