UK Money News
8th July 2008
Crunch still proving boon for savers
Savers are continuing to benefit from the credit crunch, with banks and building societies offering increasingly attractive rates on their savings products.
According to MoneyExpert.com, since the start of the year the rate on the average savings account has increased from 4.23 per cent to 5.25 per cent.
The trend has been attributed to growing competition among banks for customer deposits to restore their credit crunch-hit balance sheets.
Sean Gardner, director at MoneyExpert.com, said: "Every cloud has a silver lining and the credit crunch clouds have at least helped deliver better deals for savers - or at least those who can afford to save.
"It is striking that average rates on regular savings accounts are around one per cent better than they were 18 months ago when the Bank of England base rate was actually higher than it is today."
The site named the best buy account as Alliance & Leicester's Premier Regular Saver, which pays 12 per cent.
back to July's Money News
This article and more Latest Money News can be found on MoneyCrocodile.co.uk
Personal Loans from UKPersonalLoans.com
Personal Secured Loans for Homeowners and Personal Tenant Loans for Non-Homeowners. You can apply online for an Any Purpose Loan or Personal Debt Consolidation Loans or use one of our Loan Calculators.
Debt Advice from ReduceDebt.com
Debt problems? Refused a loan? Got CCJ's or Arrears? Get the best advice and help by enquiring online. Our Debt Professionals will help you whatever debt problems you have. Some of the options available to you are Debt Management, Debt Consolidation, Debt Couselling and IVAs,
UK Personal Finance from MoneyCrocodile.co.uk
UK Online Personal Finance site covering: Loans, Mortgages, Credit Cards, Insurance, Debt Advice, Bankings and Savings, Finance Tools and Money Jargon. We also cover Any Purpose Loans, Secured Loans, Personal Loans, Tenant Loans, Car Loans and Debt Consolidation Loans. If you are looking for Personal Finance let Money Crocodile put a smile on your face.
Car Loans from GBCarLoans.com
Don't just accept the dealers finance - get a quote from us before you buy!. UK Car Loans for New Cars or Used Cars: Supermini, Small, Hatchback, Saloon, Estate, MPV, 4x4, Sports, Luxury, Executive, Cabriolet or Classic Car.
Tenant Loans from TenantLoan.com
If you're looking for a low cost tenant loan, then look no further. We aim to find you a highly competitive interest rate and you can borrow anything from £5,000 and £250,000 with up to 25 years to pay.
