Most Brits don’t get serious about putting money aside into a savings account until they reach age 25, according to a study by National Savings and Investments (NS&I).
Research by the savings provider found more than a fifth (22%) of UK consumers don’t start setting aside money until after their 30th birthday, while a further 13% [...]
Research by the Halifax has revealed the growing popularity of Individual Savings Accounts (ISAs).
The Halifax, which is now part of the Lloyds Banking Group, said the number of accounts opened in the nine years to March 2009 surged by 53%.
At the start of the millennium, there were 9,000 subscribed ISA accounts, but this grew to [...]
Low interest rates throughout 2009 have helped some people put more money aside into savings, a financial expert has claimed.
Darren Cook, spokesperson for Moneyfacts.co.uk, said low interest rates have decreased mortgage payments for homeowners, increasing their disposable income, which can be used for savings.
“If you look at people that had existing mortgages before the start [...]
Low interest rates throughout 2009 have helped some people put more money aside into savings, a financial expert has claimed.
Darren Cook, spokesperson for Moneyfacts.co.uk, said low interest rates have decreased mortgage payments for homeowners, increasing their disposable income, which can be used for savings.
“If you look at people that had existing mortgages before the start [...]
Just 15% of Brits have put aside money to pay for Christmas, according to research published this week.
Seven in ten (71%) plan to pay for Christmas using their regular monthly income, while 14% will put their Christmas spending onto a credit card.
Nearly five million Brits are still paying off debts from last year’s Christmas, the [...]
As commentators on the UK property market mull over the impact of the end of the stamp duty holiday, Zoopla.co.uk is claiming that far fewer home buyers have benefited from the concession than the Government intended.
The threshold on the duty was raised from £125,000 to £175,000 in September 2008 and is due to revert at [...]