A Sainsburys Bank spokesman feels that there are more restrictions and conditions applied to savings accounts than ever before.
Having looked at the current state of the market the Sainsburys Bank spokesman has noticed how many savings accounts have restrictions on withdrawal amounts and periods, as well as how it impacts on interest rates, with some quite hefty penalties on some for making withdrawals during the year.
Another aspect that has been noted is the use of age limits on some savings accounts, targeting either the younger or older market. Ideally all categories of customer should be able to enjoy similar levels of interest and benefits believes the Sainsburys Bank spokesman.
The decision by Gordon Brown to review the state of social care in order to make them more affordable and fairer for everyone has been welcomed by Saga Insurance.
The insurer has asked for steps to be taken as quickly as possible to help those who need it but also advises people to take independent financial advice in the meantime to ensure they make the best decision. Saga Insurance research shows that the typical cost of a 4 year care home stay is expected to almost double in the next twenty years, from GBP112,000 to GBP223,000.
A Saga Insurance spokesman said that it was vital to get professional financial advice since it could help inheritances be protected rather than seeing it all eaten up in care fees as is currently the case.
More information about Saga Insurance can be found within Moneygossip.co.uk.
A new Abbey National fixed rate investment bond has just been launched onto the market for a limited time only so investors should act promptly.
For sums of less than GBP30,000 the Abbey National one year bond will pay a rate of 6.3 percent, while those with GBP30k to GBP2 million will receive a fixed rate of 6.5 percent. Interested investors have until 10 June to get their money into this excellent new opportunity, with the minimum amount needed being just GBP1,000.
A spokesman from Abbey National explained that fixed rate bonds are more popular than ever and that this particular one delivers one of the very best interest rates available on the high street.
