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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 accounts `beating base rate`

06/08/2009

A new report from Moneyfacts has claimed that over half of savings accounts currently offer interest rates higher than the current Bank of England base rate - a boost to savers looking to maximise their returns and protect themselves against debt.

Moneyfacts claimed that of 2,265 savings accounts available at the end of June, 55.3% paid interest over the 0.5% base rate.

Despite the historically low base rate, it seems the pressure to compete has led many account providers to offer higher rates.

A spokesperson for Debt Advisers Direct said: "For anyone looking to put money into savings, it`s well worth looking around for the best rates, since this can significantly affect the returns gained on those savings.

"Savings are not just important for long-term security - they also offer protection against debt if any unexpected costs arise."

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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