Thinking Ahead – Prepare Now For Next Christmas

With Christmas and New Year right around the corner, many of us have found that buying the perfect gifts for loved ones, financing a few festive nights out and having to buy some tasty treats for Christmas dinner all adds up. With many struggling to cover all the commitments that Christmas demands, the thought of getting prepared in advance for next Christmas is quite a tempting one.

Simply saving a small amount each month throughout the year can mean a bit of extra money in our pockets come December 2012 and if that thought appeals to you, then get organised now!

Check out some financial comparison sites like moneysupermarket.com where there are lots of options available to savers. Remember, the earlier you start, the more you will be able to save.

An account for Christmas

If you are looking specifically to finance next Christmas, one of the many new ‘Christmas saver’ accounts could be for you. These accounts are more popular than ever and are designed for savers who don’t want to touch their money until next December. There are a variety of providers, with accounts that differ slightly in their terms.

The Yorkshire Building Society, for example, offer a fixed rate of 3.5% on your savings and you can pay in a lump sum, with regular monthly amounts or simply deposit what you can, when you can. If you don’t mind a little more structure, accounts like the one from the Principality Building Society offer a higher interest rate of 5%, but you need to pay in between £20 and £300 a month for 12 months.

If next Christmas isn’t necessarily your saving focus, a regular savings account could be for you. If you are happy to pay in a monthly amount and aren’t looking to access your funds for at least a 12-month term, this type of saving will be perfect for you.

Serious saving

The market leaders in these types of accounts can offer anything from 4.1% up to 8% interest rates in some cases, based on your commitment to pay in regular monthly deposits. Some regular savings accounts ask for at least £10 a month being deposited, up to a maximum somewhere in the region of £250 a month.

If you’re simply saving for a rainy day and prefer having access to your funds whenever you may need them, choose an easy access savings account instead. As the name suggests, you can deposit as much as you like each month (in some cases accounts can be opened with as little as £1) and dip into your savings whenever you need to.

The best interest rates on the leading accounts come in around the 2.5% to 3.1% mark. However, there are plenty of easy access accounts on the market and using a financial comparison site can help you find the best options and rates for your requirements and style of saving.

Elisa signs new loan agreement with Nordic Investment Bank

The Nordic Investment Bank (NIB) and Finnish telecoms company Elisa Corporation (Helsinki:ELI1V) have signed a new loan agreement totalling EUR50m, NIB said on Thursday.

The Nordic Investment Bank (NIB) and Finnish telecoms company Elisa Corporation (Helsinki:ELI1V) have signed a new loan agreement totalling EUR50m, NIB said on Thursday.

The maturity of the bullet loan is seven years. Elisa will use the financing to expand the company’s 3G and broadband networks.

Part of Elisa’s investments co-financed with the loan from NIB are aimed at increasing the coverage, speed and capacity of its mobile broadband networks, particularly in rural areas of Finland.

The Nordic Investment Bank is the common international financial institution of the eight Nordic and Baltic countries.

Telestream to be acquired by private equity firm Thoma Bravo

Telestream, a provider of video transcoding and digital media software solutions, revealed on Wednesday that it has entered into an agreement to be acquired by private equity investment firm Thoma Bravo LLC.

Telestream, a provider of video transcoding and digital media software solutions, revealed on Wednesday that it has entered into an agreement to be acquired by private equity investment firm Thoma Bravo LLC.

Financial details were not disclosed.

This investment in the company is expected to facilitate growth within Telestream’s core businesses, in addition to providing capital for further market expansion and acquisitions.

Following the acquisition by Thoma Bravo, Telestream will continue to operate independently with its existing management teams continuing their current roles. Its headquarters will remain in Nevada City, California, with offices in Virginia, Sweden and Germany.

The transaction is expected to be completed in early January 2012.

Synerion reports acquisition of ITR Systems Division

Workforce Management (WFM) software solutions and services provider Synerion North America Inc has acquired the Systems Division of ITR, another provider of WFM systems, the company revealed on Wednesday.

Workforce Management (WFM) software solutions and services provider Synerion North America Inc has acquired the Systems Division of ITR, another provider of WFM systems, the company revealed on Wednesday.

Financial terms of the transaction were not disclosed.

Synerion expects this acquisition to result in more effective, efficient and superior solutions for the clients of both Synerion and ITR.

The combined company has some 20,000 customers worldwide.