A new Halifax savings account, offering an outstanding 10 percent interest rate for regular savers will be made available for a limited period of just 6 weeks, beginning on Monday.
The stand alone savings account requires a minimum monthly deposit of GBP500 each month to qualify and will also pay out an extra 2 percent interest should the customer place an extra GBP5,000 in a specified Halifax savings account. This would add up to 12 percent AER, something that the savings market does not normally see.
A Halifax spokesman stood by this market leading savings account and supported the way it promotes the habit of regular saving. It is a key part of consumers financial planning and this level of interest certainly gets attention.
Marks and Spencer have announced their new Ethical Investment Fund which will invest in UK based organisations that make a positive contribution both to the environment and the communities in which they have an effect.
Investors are driven by more than just money now, wishing to consider where their money is invested as well as how much it earns. The M&S Ethical Investment Fund is perfect then for this type of conscientious investor and is also expecting to generate good returns too. In fact an ethical fund topped the charts of all investment funds only last week, so there is clearly plenty of growth potential.
The fund will be managed jointly by Jupiter Asset Management and Sinopia Asset Mgt, two organisations with good track records in the ethical investment arena. For those wishing to learn more about the new fund there is information available via the Marks and Spencer website.
A recent Legal and General survey has shown that the Welsh are the most likely to have money left at the end of the month after covering bills and essential payments.
Two thirds of people in Wales had money left over, compared with a national average of 53 percent and a surprising 43 percent in London. These findings really turn the general understanding of where the money is on its head. Although the cost of living in London is high it has always been thought that wages covered this difference with some to spare, but perhaps not.
A Legal and General spokesman felt the findings should prompt consumers to start putting some money aside into a savings account or something similar. Having disposable income does not mean it has to be spent straight away, saving some can make a massive difference to the future.