Where should you place your savings?

Good news; more than half of adults in the UK are planning to increase their savings this year. However, research suggests they’re unsure where to put it to get the most out of it. With interest rates still low following the 2008 financial crisis, it can be challenging to know where to place savings to generate the biggest returns possible. But taking the time to think about what you want to achieve and considering a financial plan can help you pick out the right option for you. According to ...

Saving for the next generation: What options are there?

More than half of adults had a savings account opened for them when they were children. It's a tradition that many are keen to continue by building up a nest egg for the next generation. According to research from NS&I, opening a savings account for a child has become increasingly popular over the generations. Only 15% of those aged over 65 had an account opened for them between 0 and 5. For those now aged between 16 and 24, the figure has risen to 31%. It’s a step that could give ...

The gap between retirement dreams and savings

Some retirees could be facing a significant gap between their retirement dream and reality, research from Aviva suggests. While workers are making big plans for the next chapter of their life, some aren’t saving enough now to turn them into a reality. It’s a gap that could lead to disappointment in later years. When thinking about retirement, people often have ambitious plans. After decades of being restricted by work, employees hope to have more freedom to indulge their passions, from visiting new destinations to supporting the next ...

Why your 30s are the ideal time to boost savings

Research suggests that those in their 30s are the most disciplined savers. It’s often a time that’s marked by greater financial security and planning for the long term. It means that your 30s are an ideal time to start increasing how much you put into a savings account, plus there are benefits for getting into the savings habit sooner. According to research from Charter Savings Bank: Those in their 30s set aside 58% of their disposable income each month; compared to the national average of 42% With ...