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| The Financial Services Authority (FSA) has increased the amount of money you may claim back on any lost savings if a bank goes bust to £50,000. |
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| Rates of interest paid out on savings accounts has increased drammatically in the last year, thats even with the Bank Base Rate falling. Last September the best easy access account was Northern Rocks online tracker which paid 6.31%, when the Base Rate was 5.75%. Currently one of the best easy access savings account is from Alliance & Leicester and pays 6.56% - 1.56% higher than the Base Rate |
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| All the accounts below are either instant access (you can withdraw cash immediately) or no notice accounts (an online / non branch based account). In reality it can take a few days to actually receive the cash. The best easy access accounts on 22/09/08 are: |
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| Child Trust Funds are helping to create a culture of saving and many parents are going beyond the government scheme to set up alternative accounts, research shows. |
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| Although saving can feel like a pipe dream in an age of high house prices, student debt and rampant consumerism, it does not have to be a grand and difficult affair. Most e-savings accounts give instant access to your cash, whilst allowing you to save gradually for that proverbial 'rainy day' |
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| As children, many of us began saving by plugging our pocket money into a piggy bank. It's a good early lesson in money management, but as adults, it's necessary to do more than just stash your cash under the bed. Saving some of your money should be a part of your financial plan |
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| Bringing up a child is expensive and to siphon off some amount of money from your earnings to save for a rainy day is a good decision. When you invest money periodically for the benefit of your child, you will be in a better position to pay off their university fees or buy them their first car. To help you achieve these goals child savings accounts were introduced. |
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