Savings news

People living in cities tend to have smaller savings balances than those in rural parts of England and Wales, new data suggests.

Saving is to become "fairer" for millions of children across the country whose cash is trapped in child trust funds (CTFs).

Nationwide is to scrap three historic building society brands, with the loss of 500 jobs.

When it comes to saving for a child's first car, Junior ISAs (JISAs) are rapidly overhauling Child Trust Funds (CTFs) as the investment vehicle of choice.

MPs recommend raising interest in a protection scheme for all savers who use UK financial institutions.

Cash ISA saving accounts are better than instant access savings accounts when it comes to interest, with people putting money in ISAs able to build their nest eggs in triple the time.

As the financial year draws to a close, only one in six savers with tax-free Individual Savings Accounts (ISAs), have been able to put away the maximum allowed amount in their pot, a new Halifax survey of its customers reveals.

Renters are using money from their children's savings accounts and taking out payday loans just to pay for their homes, according to a charity.

Building societies are calling for the tax savers pay on their interest to be scrapped in next week's Budget.

The UK's largest building society is calling on the Government to take advantage of the March Budget to allow troubled savers to double the amount of cash they can put into cash ISAs, or tax-free individual savings accounts.