Safe Savings

Around 15,000 savers with the UK arm of stricken Cypriot bank Laiki will have their deposits protected under British rules and will escape the Cyprus banking levy, it was announced today.

Savers in Cyprus with under €100,000 (£85,000) have been spared from a Cypriot government tax by a last-minute EU deal.

60,000 savers face higher charges after a child trust fund (CTF) manager announced a new annual fee.

Co-op has attempted to safeguard its Christmas savings scheme to prevent another Farepak-type crisis in the unlikely event it went bust.

ING Direct savers in the UK will be protected by the British Government, instead of the Dutch compensation scheme, once a proposed buy-out by Barclays goes ahead.

A new savings account provider offering high interest is NOT protected by any compensation scheme, which means if it went bust savers would be likely to lose their cash.

Bank of Cyprus's 50,000 UK savers are now protected by this country's compensation scheme.

Record low interest rates and multi-billion-pound emergency support measures from the Bank of England are costing savers nearly £18 billion a year, research showed today.

It may sound like weirdy-beardy nonsense, but many savers can more than double their interest using my savings fountain concept.

Banks will be made to display clearer information online and in branches on how much compensation savers could claim if their provider went bust. However, the new rules stop short of forcing banks to include the information on statements.