Fixed Term Savings Accounts
Savings with building societies are currently at a "very high level", according to the Building Societies Association (BSA).
The organisation reports that a number of factors have added to this trend, one of which it identified as the Northern Rock crisis.
Half of all Brits plan to save more money next year and 40 per cent intend to manage their finances more carefully, it has been reported.
Research by Bradford & Bingley has found that a further 38 per cent intend to spend less money and 26 per cent want to reduce their debt during 2008.
The majority of British savers have not let the unstable financial climate deter them from saving, claims Birmingham Midshires.
According to the bank's quarterly Saving Britain report, 87 per cent of savers continued to put away money over the last three months.
The future is not looking good as people find it increasingly difficult to save, according to Baronworth Investment Services.
The advisory firm claim that although the UK is not currently in crisis, if the present savings culture continues, there are "major problems" ahead.
Government research into independent savings accounts (Isas) has confirmed that they are an "increasingly popular savings vehicle", reports the Tax Incentivised Savings Association (Tisa).
A study by HM Treasury and HM Revenue & Customs found that 39 per cent of UK consumers currently hold an Isa, making it the fourth most popular form of savings.
As the cost of raising a child increases, parents should teach their children the benefit of saving, it has been suggested.
LV= claims that following media attention concerning the importance of financial education, parents could highlight the costs of raising a family to their children.
There are "massive" variations between annuity and pension plan policies, claims Informed Choices.
However, despite insurance companies being legally obliged to inform customers of the open market option, many consumers are not taking advantage of it, reports the advisory firm.
There should be no difference in the way men and women save, according to AWD Chase de Vere.
Despite recent reports that women have less savings than men, the financial advisers claims it is important that both sexes budget and work out how much money they have left to put away.
People are losing confidence when it comes to investing their money, according to a new study.
The Standard Life Savings & Investment Index found that less than a third of people plan to save money over the next year, the lowest figure it has ever recorded. One in ten said they are going to save less money and 45 per cent are not saving anything at all.
Travel insurance policies for people aged up to 79 have been welcomed by Alliance & Leicester.
Spokesperson for the firm Steve Gracey said: "If you are dedicating a particular service or product to this age group then going beyond 60 or 65 makes sense.
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