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More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

Savers `consider more than just interest rate`

16/04/2009

Interest rates are not the only factor considered by savers when choosing an account, according to new research from Halifax.

Figures released by the bank this week suggest that 46% of savers consider the way the account is managed to be most important, while only 13% see the headline interest rate as a factor when choosing an account.

The findings may come as a surprise, given many economists` suggestions that recent base rate cuts - and the subsequent falls in savings rates - would discourage savers from putting money aside.

A spokesperson for Debt Advisers Direct said: "It`s important to remember that interest isn`t the only reason people save. Many people who save money are working towards something for the future - actually increasing their money may not be their number-one priority.

"Savings should be an important part of most people`s finances. Amongst other things, savings offer protection against unexpected costs, and can help to prevent people getting into problems with debt."

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More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according