Home > News > Debt advice

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 account bonuses increasing

30/07/2009

Banks and building societies are increasingly offering `bonuses` on their savings accounts as a temporary measure to increase the interest rates on offer and attract customers, according to Moneyfacts.co.uk.

According to Moneyfacts, the number of variable-rate savings accounts offering a bonus has increased from 10.8% to 16.4% over the last two years. In that time, the average size of the bonus has increased from 0.64% to 1.10%.

A spokesperson for Debt Advisers Direct said: "Savings are very important, not only for providing long-term security, but also for offering protection against debt in the event that any unexpected costs arise.

"Bonuses on savings accounts mean that the interest will build up much more quickly - and therefore offer more protection - but savers should remember that these bonuses are only temporary. Once the bonus period expires, it`s important that savers look around for the best interest rates to ensure that their money is growing as quickly as possible."

---

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