The Abbey National Super Saver account offer is being extended beyond the previous deadline of 7 September to give more people a chance to benefit.
The offer gives customers the opportunity to earn a whopping 9.1 percent interest for a 12 month period as long as they invest the same amount into any Abbey National investment product. The minimum deposit is just a pound, with the cap set at GBP2 million. Payments can be taken either monthly or at the end of the 12 month term providing great flexibility for savers.
The Abbey National decision to extend the offer is seen by many commentators as a real helping hand for savers, with the building society understanding the needs of consumers who want to see a strong return on their money as well as enjoying both security and flexibility.
The Nationwide Building Society has introduced half a dozen new investment bonds, with interest rates ranging from 6.5 to 6.7 percent.
The bonds cover investment periods of between 6 months and three years, therefore providing real options to suit different investors. Two of the new Nationwide Building Society bonds are e-bonds and are applicable to new FlexAccount customers while another one is valid only for customers who have been with the Nationwide for at least 3 years.
A spokesman from the Nationwide Building Society felt that the six month bonds offered an excellent return over such a short period of time and that the longer period bonds would prove excellent investment options for those happy to put their money to work for up to three years.
Although we are always told that saving should be one of the first things we do the latest survey results from the Nationwide Building Society show that only a quarter of us are ranking it highly.
The main reason for this at the moment has to be the cost of living, which is changing the focus of the population towards covering the rising costs of bills rather than saving. This is supported by an aspect of the Nationwide Building Society study that showed how over 60 percent of people felt they were not saving enough.
In real terms this is the time when people should save even harder than usual. Looking at an uncertain future consumers really need to be building up a resource they can call upon should they face unexpected costs. The Nationwide Building Society, along with most other financial institutions, suggests having enough cash to manage for around three months.