Saving being dipped into at £100 each month

Savings are falling at an average of £100 each month, according to a recent report.  Britons are dipping into their savings accounts to help with everyday expenses and things like buying for back to school.

Price increases on items like food, gas, and the other general expenses of living in combination with stalled growth and wages [...]

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Energy saving tips for the house

The  Electrical Contractors’ Association (ECA) has published its Energy Saving Guide.  The guide includes a series of money and energy saving ideas which, it is claimed, could potentially can save households £400 a year.

Here are the four simple steps put forward for energy saving by the ECA:

1. Install energy saving light bulbs – These are cheap [...]

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Northern Rock removes 100 percent guarantee

As of 1700 BST 24 May, the 100 percent guarantee on funds in Northern Rock bank has been removed.  Those with accounts at the bank will have their funds guaranteed up to a maximum of £50,000 per person, just like all the other banking institutions in the U.K that are regulated by the FSA.

The guarantee [...]

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Couples share savings but not spending

New research from Tesco Bank shows that 29% of all people in relationships are choosing not to merge their finances, with most couples taking an average of two years before they start to join their finances together.

However, those who do decide to open a joint account still keep some degree of financial independence, by keeping [...]

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Double edged sword of Tesco banking

Tesco Bank’s announcement that it is to get into the mortgage providing game before the years end as part of a plan to introduce a regular retail banking service for its customers has met with a very mixed response from brokers.

The plan set out in Tesco’s 2009 announcement calls for a rebranding of the more [...]

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Is now a good time to save

According to some financial experts, now may be a bad time to start up a savings account, and a good time to shop around for better rates if you have one already.  On average, anyone with a £10,000 savings deposit lost about £200 over the past year due to falling interest rates and rising inflation.

Since [...]

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