9 out of 10 Brits believe it is important to save according to a study carried out by the Nationwide Building Society.
Although it is good to see so many people recognising the importance of having a fund of money to call upon should it be needed only around 55 percent of people actually put money aside on a regular basis. Approximately 25 percent of people save money occasionally whilst almost 20 percent do not have savings at all.
This situation is not through choice in many instances though,as a Nationwide Building Society spokesman explained. With the cost of simply paying bills, buying food and running a car stampeding ever higher it becomes financially impossible for many people to save regularly, if at all. This is a shame since some of the best savings rates for many years are now available to customers.
See how Nationwide Building Society savings accounts compare at Moneygossip.co.uk
Two new offshore savings accounts have been announced by Alliance and Leicester, called the eSaver Offshore Notice 50 and eSaver Offshore Issue 2.
The issue 2 Alliance and Leicester Offshore savings account replaces the original one and now pays interest at 6.25 percent gross p.a, variable. The Notice 50 savings account is better suited to those who can keep the money in place, or at least give good notice on withdrawals. This one offers a 6.35 percent interest rate on balances of GBP25,000 and over, again gross p.a.
An Alliance and Leicester spokesman explained that it was customer demand that had brought these new savings accounts to the market. They combine excellent interest rates with flexibility and so meet customer requirements very well.
The Nationwide Building Society has just launched a new range of investment bonds, with interest rates of up to 6.8 percent per year.
There are a couple of e-bonds, sold online only and only available to those who have, or are taking out, a Nationwide Building Society FlexAccount. A loyalty bond is also in the set of newly launched products, this on offer to customers of at least three years standing.
The savings director of the Nationwide Building Society felt that the rates being offered on these investment bonds were some of the best on the market and was expecting demand to be high.
