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Savers NewsAn integral part of the success of the Save Our Savers Campaign is to raise awareness of the issues facing savers through the media. Since our official launch in January 2010 the campaign has seen significant exposure through all media channels including television, radio, newspapers and the Internet.

Save Our Savers Media Diary

To keep you updated with the very latest media coverage of Save Our Savers, we’ve highlighted just some of the national and local exposure given to Save Our Savers and our campaign. You can also visit our YouTube channel

May 2012

Pensioners and savers being made “permanently poorer” due to low interest rates and QE This is Money
Pension pain for millions
Daily Express
Minister says families who borrowed too much during the boom ‘must accept some blame for crisis’
  This is Money
Customers facing historic high overdraft fees nearly 20% despite record low base rate
Daily Mail

April 2012


TSC report criticises Bank policy and QE
FT Advisor
Economy watch: How long will Britain’s recession last?
This is Money
Moveyourmoney campaign kicks off
FT Advisor
What next for savings rates
This is Money
Slow motion bank robbery rings MP’s alarm bells at last
Telegraph
Save our elderly savers say MPs: Millions should be compensated for their shattered retirement dreams
Daily Mail
Inflation shows why it pays to follow bank of england actions not words
Telegraph
Savings accounts aimed at the over 50′s offer much worss deals than those open to everyone, expers claim 
Daily Mail
How Budget Demands Careful Planning
Liverpool Daily Post

March 2012

BUDGET 2012: Calls grow on Chancellor to rescue savers and leave pensions alonel This is Money
ANALYSIS Should you grab a fixed rate variable rate cash ISA for 2012
This is Money
CITY FOCUS: George Osborne must show savers he is serious This is Money
Investment special: The great savings robbery
The Spectator
Bank of England “base rate to stay at an all time low until 2015″ as ANOTHER lender hikes mortgage costs
Daily Mail
Bank rate: Savers have lost out on £100bn 10 times the cost of the London Olympic Games
The Telegraph
Economy watch: Is Britain heading into recession
This is Money
Rate winners and losers: who has benefitted since 2009 fall in interest 
Daily Mirror
Savers “lucky” to have savings Radio Humberside
What next for savings rates
This is Money
London Briefing 07-03-12
Irish Times
Three years of low interest rates: winners and losers Video, Robert Powell of Love Money
Interest rates at record low for 3 years
BBC
Savers lose £76bn in 3 years as interest rates held at historic 0.5% low
Daily Mail
Overdraft costs soar 40 TIMES to base rate as banks squeeze borrowers This is Money

February 2012

As high street banks keep their rates low, can smaller rivals rescue hard-hit savers? Liverpool Daily Post
Banks pocketing £80m a year  by short-changing savers out of tax free interest on ISAs
This is Money
Mervyn King defends bank in choppy times
Yorkshire Post
Cheap home loans for 5 years… but its bad news for savers
Daily Express
Lock your savings up in 5 year bond or lose out to inflation, experts warn
Daily Mail
Bank of England’s plea to Osborne after credit downgrade warning
Daily Mail
What Quantitative Easing means for annuities
The Guardian
QE Hidden theft or primary tool for economy? Daily Telegraph
More than a million pensioners ‘permanently poorer’ as Bank of England pumps another £50 billion into the economy
Daily Mail
Lobby pokes holes in King’s borrowing claims during recession
FT Adviser

January 2012

The rise of current account charges: the banks adopting Ryanair fee tactics This is Money
Savers and pensioners lose out on £44.5bn a year due to gulf between rates and inflation 
This is Money
Savers lose out on 44.5bn as Bank Rate stays at 0.5pc
The Telegraph
REVEALED: Britains worst savings accounts-dump these now!
This is Money
Cash ISA rip off: the banks and building societies that put your wealth at risk
Daily Mail

December 2011

Savings in 2012: What does the New Year hold for savers and will rates rise This is Money
Middle aged workers could be forced to retire up to 25 years later than their parents due to rising cost of living
Daily Mail
Inflation means savers need 6% to earn return
Mirror
BoE reveals fall in public satisfaction Herald Scotland
British are losing patience with Bank of England over inflation, survey reveals Daily Mail
Find a safer home for your savings
The Sun
Savers are right to be angry, says Bank as prudent households are “badly hit” by record low rates
  Daily Mail
Rate of inflation falls back to 4.8% in sign that Bank will be free to pump more cash in 2012
This is Money
Carols that hit the right note
Sunday Express
The £10,000 debt burden of the average family (and that doesnt include £1.24 trillion in mortgages) Daily Mail
Avoid this Christmas debt nightmare
Lovemoney
Save Our Savers go Caroling for the King
FT Adviser
Breakfast News Radio 5 Live
Breakfast News BBC1
Breakfast News Radio Gloucester
Business diary: Savers to target bank scrooge
  The Independent
What next for savings rates This is Money
Debt Crisis Live as it happened December-6-2011 The Telegraph

November 2011

Autumn Statement: how might the Chancellors statement affect me? The Telegraph
Call for cash ISA limit to double as squeezed middle eat £2000 into their savings in 3 months
This is Money
Millions get surprise boost to savings pot
Daily Express
Savers’ group lobbyies MPC for rate rise
FT Advisor
Bank of England cuts UK growth forecasts and issues stark warning on eurozone debt crisis
The Telegraph
Savings: we find the best interest rates
The Guardian
Rates held at 0.5% as Eurozone crisis threatens to plunge UK recession
  This is Money
Savers lose 43bn in ‘slow motion bank robbery’ with worse to come 
The Telegraph
Huge £43bn to be wiped off savings in a year due to Bank of England negligence on inflation
This is Money
Fixed rate bond savers face ‘grim shock’ of 40% income crash
  This is Money

October 2011

Inflation how it hurts a pensioner a saver and a teacher The Guardian
Warning Savers told brace for fixed rate bond cuts this winter
This is Money
Quantitative easing: what does it mean for your finances
  The Time (will need a subscription)
Confidence in UK banking system rocked as agency downgrades 12 bank and building society credit ratings Daily Mail
Simon Rose interviewed on BBC Radio WM
BBC Radio West Midlands
Simon Rose interviewed on BBC Radio Scotland BBC Radio Scotland
Inflation hopes dashed: Interest fails to cover cost of train ticket to protest
  This is Money
Simon Rose interviewed on BBC Radio 2  BBC Radio 2
Bank of England decision a titanic disaster
Independent
A triple blow to squeezed middle: As bank chief warns of worst ever crisis, he pumps £75billion into the economy
Daily Mail
Protests outside Bank of England as savers fear rising inflation 
Telegraph
Angry savers to join pig protest at bank  Yorkshire Post
Moody’s cuts credit ratings of 12 british banks Jakarta Globe
Bank chief Kings’ sympathy for inflation hit families £75bn boost to dodge worst ever  crisis Daily Mail
Bank of England moves boldly to stave of UK recession Edmonton Journal
Savers execute papier mache pig outside Bank of England as rates are held at .5% Daily Mail
Angry savers attack Bank of England Evening Standard
After stock market shocks three tax free reasons for pensioners to be cheerful
Telegraph
Problems continue for “hugely inefficient” pension system  Caledonian Mercury
Angry savers target Bank of England Telegraph
Pensioners hand over £100 in tax every week as they pour £34bn into Treasury coffers
Daily Mail
Savers with beef turn to paper pork  Independent

September 2011

What’s the use of saving money? Macleans
Savers must hit back over unfair private DC schemes
FT Adviser
Beware the fixed rate bond lock in as banks profiting from savers’ inertia
Daily Mail
Simon Rose interview BBC Radio Kent
Pain for savers as top fixed-rate bonds withdrawn amid rumours of interest rate cut to 0.25% 
This is Money
Open a savings account and win £100K: Halifax turns to US tactics to get customers
Daily Mail
Halifax launches Premium Bonds Rival
Telegraph
A quarter of over 55′s have to survive on £24 a day: Spending on food is cut as millions struggle to pay bills Daily Mail
A further blow to savers
Liverpool Daily Post
Savers and investors struggle to beat inflation
Telegraph
MPC is failing savers
FT Adviser
Expat rates: wheres left to put our savings
Telegraph
Santander ups stakes in current account war
The Independent
Low base rate sees savers lose £43 billion The Times (will need a subscription)
Deficit Reduction Plan to Stay says Osborne as UK heads to Double Dip Recession
Daily Mail
Britons are £8Bn richer thanks to record low interest rates (but only if you have a mortgage)This is Money
Politicians need to act to help savers
Telegraph
Savers have lost 43bn in lost interest since March 2008
Telegraph
Interest Rates and your finances: Expert views
BBC
NS&I pulls index-linked certificates
Financial Times
Take care of the pennies and other thrifty adages dying out in generational divide
– This is Money

August 2011

Pressure group calls for axe on savings tax – FTAdvisor
Banks lows rates ‘steal’ up to £375 a year from long suffering savers
– This is money
Fixed-rate savings bonds are savers best bet – Telegraph
Fresh blow to income seekers with savers slipping behind as savers sit pretty – Mail Online
Income tax suspension could go along way says, lobby group
– FT Advisor
Downsizing fears haunt the over 50′s who fear they must sell to cover cost of living – Daily Mail
Interest rates unchanged until about 2012, say economists
– BBC

July 2011

‘A country without a future’ Savers call for interest rate hike – This is Money
Interest rates unlikley to rise until 2012 -  The Guardian
Simon Rose Interview Radio 5 Live Radio 5 Live
Savers need to be encouraged not driven to extinction -  The Telegraph
Interest rates: Savers’ group calls for Bank rate rise – BBC News
Save Our Savers urge BofE to act on Inflation – FT Advisor
Interest rate decition Bank England holds amid calls tackle inflation – Mail On Line
Rock bottom interest rates and spiralling inflation cost savers £50 billion Mirror
Families face a £260 a year surge in food bills as prices jump by 6.5% Daily Mail
The £72bn lost forever How record low rates hurt savers -  This is Money
UK Interest Rates remain on hold ay 0.5% – BBC News
Will increased competition improve banks poor performance – Moneywise
Banks fail to pass on low rates Mail On Line
Inflation falls but savings still eroded by ‘scandolous policy’ of allowing price rises – This is Money

June 2011

Now tell us how much interest we are earning demand savers – This is Money
Economic situation worse for savers
– Daily Finance

April 2011

Our new sofas have cost us as much as our first house – Daily Mail
Inflation is still hitting fixed rate deals
– Daily Mail

March 2011

Victory as savers hail return of NS&I bonds – This is Money
Pensions shake up means that employees will have to work until “70 and beyond”
– Daily Mail
Interest rate rise fear grows as inflation hits a 20 year record
– Daily Mail
‘Lord Hutton’s plans increase the likelihood of a pensioners poverty time bomb’
– The Telegraph
Public sector pensions are still a great deal City Wire

February 2011

ISA Savers missing out on £1,300 a year – The Telegraph
The beginner’s guide to savings accounts - The Times (will need a subscription)

January 2011

Savers lose £58bn from low interest – Daily Finance
Savers lose out on £60bn in interest: Figure revealed as base rate stays at record low
– Daily Mail
Savers face long wait for return of interest beating bonds
– Citywire

November 2010

Letter – The Sunday Times (will need a subscription, letter is on page 2 of letters)
Money briefing
– The Sunday Times (will need a subscription)
Rate rise would help lift Uk Economy: Poll – FTAdvisor.com
High Inflation Eroding Savings – uSwitch

October 2010

Easy way to earn a £322 pound savings booster – This is money
Will the penny drop?
– Money Marketing

September 2010

Hey Charlie Bean, we’re already eating into our savings – This is money
Why savers can’t get a decent return anywhere
– Daily Mail
Households save less amidst pay freezes and high cost of living
– Daily Telegraph
Savers told to stop moaning and start spending – Daily Telegraph
Low rates cost savers around £30 milion a year – Daily Mail
You’ve lost £8 out of every £10 saved as inflation ravages nest-eggs
– Daily Mail
Britons raid retirement pots to spend today - This is money
Savers need more help – myfinances.co.uk video
Savings accounts losing value, claims Save Our Savers representative – Money News
Efforts of savers are being undermined – savings.co.uk
Savers are ‘being underminded after downturn’ – fandc.com
Savings efforts being underminded by inflation – which4u.co.uk
Inflation policy undermines savers – myfinances.co.uk
Savers “receiving negative returns” – J.P. Morgan
Are savers seeing their efforts undernined? – Moneynet.co.uk

August 2010

July 2010

June 2010

May 2010

April 2010

Savers Unite Behind Campaign To Hold Election Candidates To Account – FreshBusinessThinking.com

March 2010

February 2010

Group launches fight to save savers – Liverpool Daily Post
Keiser Report №17: Markets! Finance! Scandal! – Max Keiser Interviews John Strain (14 Minutes in)

January 2010

New hope for savers – Mirror.co.uk
Calls for fairer deal for savers – Interactive Investor
Save our Savers! – The Money Hospital

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Pensions & Annuities

Annuity rates have crashed because of QE. Should the Government compensate new retirees for the low annuity rates they are receiving?

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Savings Accounts

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Calculate Your Real Rate of Return

The Real Rate of Return

The Great Savings Scandal

Instant Access
Total £485Bn
Average interest 1.01%

ISAs
Total £214Bn
Average interest 0.64%

Time Deposits
Total £315Bn
Average interest 2.77%

Non Interest Bearing £113Bn

Total savings £1.127 Trillion
Average interest 1.33%

INFLATION RPI 3.6% CPI 3.4%

As at Feb 2012

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Talking Money

"The reason saving comes before investing is that you need to have seed before you can sow it in anticipation of a harvest." Rajen Devadason

Your Comments

  • Nick: House prices are influenced by the MPC interest rate decisions. Do we have an...
  • John.: I agree with the sentiment entirely, this is just the start. The bottom line in ...
  • drrdf: "QE is doing nothing but inflate prices". I do not believe that is true! What ...
  • Steve: @David Leeves I've seen the "average of £5000" pa public sector pension figur...
  • David Leeves: I can understand the reluctance of people to save into pensions as they are scar...
  • frances: There is quite simply no point whatever in ever saving or paying into as pension...
  • Lupulco: If the Banks had been allowed to fail back in 2008. The savers could have had th...

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