Good advice comes from Sainsburys Bank as they advise consumers to look at the different savings accounts available and choosing the one that best suits their needs.
Sainsburys Bank looked at the top 50 savings accounts currently on the market, specifically the instant and easy access ones to see how they worked out for customers. A dozen of them restricted the number of withdrawals available, 4 of them had penalties for withdrawals and 9 were for specific age groups.
Considering these factors and understanding how well they fit into your existing lifestyle is key to getting the most out of savings accounts said Sainsburys Bank and they are correct.
A new capital account has been launched by Zurich Insurance, called the Green Guaranteed Account. It offers returns based on stock market investments into green businesses.
The RBS Green Index lists only those organisations operating in the environmentally friendly categories, such as biotechnology, solar power, wind and water power etc. Investors in the Zurich Insurance account will have their capital protected whilst being in line for 100 percent of growth enjoyed within the sector.
A spokesman from Zurich Insurance felt this Green Guaranteed Account was ideal for investors who wanted to support the environment whilst earning a return on their investment.
The Abbey National is aiming to help smokers kick the habit by encouraging them to save the money they would normally spend on cigarettes.
The typical 20 cigarettes a day smoker spends around GBP170 each month that could be used for many different and ultimately far better uses. Over the period of just a year a smoker who gives up and puts the money they would have spent into a monthly savings account such as the Abbey National Fixed Rate Monthly Saver would have a balance just 12 months later of almost GBP2,120.
An Abbey National spokesman urged smokers to think seriously about their options and consider the benefits of using a savings account to put money to one side. It can quickly build up into a tidy sum and the person becomes healthier into the bargain.
