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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`

Savings rates `higher than people think`

28/05/2009

Moneyfacts.co.uk has claimed that the number of savings accounts paying 4% interest and above has risen sharply in recent months, according to The Telegraph, despite the base rate remaining at its lowest-ever level.

The financial comparison website claims that 79 fixed-rate savings accounts are currently offering interest rates of 4% or higher, compared with just three offering this in March.

Many critics of the Bank of England`s recent decisions to keep the base rate at 0.5% have argued that this would disadvantage savers who depend on savings interest to supplement their income.

But a spokesperson for Debt Advisers Direct said that Moneyfacts` research showed that all is not lost for savers.

"Many people who depend on their savings interest - pensioners, for example - may be concerned that they would have to get into debt to fund their day-to-day costs of living.

"However, this research shows that with a little `shopping around` for the best rates, savers can still ensure that they get a good return on their savings."

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Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation loans and IVAs (Individual Voluntary Arrangements).

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