Banking News
Lloyds TSB’s ‘Save the change’ goes live
Lloyds TSB’s ‘Save the Change’ launches today – giving millions of debit card customers a hassle-free way to get into the savings habit.
Credit Unions back Government’s “now let’s talk money” campaign
ABCUL – the Association of British Credit Unions, is backing the Government’s “now let’s talk money” campaign.
UK works 31 days solid just to clear interest on debt
As many employees open a long awaited January pay slip, experts warn that interest on personal debt has swallowed up the entire month’s earnings.
Millions ignore identity theft advice
Despite a major public awareness campaign, people are not taking simple steps to protect themselves from the perils of identity theft, warns credit reference agency Callcredit.
Interest rates and the UK stock market
Early in January, the Bank of England caught the market by surprise by raising interest rates by 0.25% to 5.25%.
Alliance & Leicester and Asda extend banking relationship
Alliance & Leicester Commercial Bank and Asda have announced that they are to extend their banking relationship.
Rate benefits of overseas mortgages at risk through uncompetitive currency transfers
Nearly a third of all Brits buying property in France are choosing French mortgage providers according to Crédit Foncier de France, France’s number one mortgage provider.
Cash machine safety
APACS, the UK payments association, has today (26 January 2007) highlighted two initiatives to help raise awareness of cash machine crime prevention:
The bank of mum and dad may not be the answer
Strapped for cash Brits who borrow money from their parents to make ends meet in the run up to the February pay day will most probably leave their mum and dad out of pocket by not paying back the full amount.
Skipton plays it fair for savers and borrowers alike
Following the recent announcement of an increase in the Bank of England’s base rate, borrowers with Skipton Building Society will be pleased to find the Society’s new SVR – at 6.64% - remains lower than any of the UK’s top 10 building societies.
Yorkshire Building Society increases savings rate
Yorkshire Building Society has today announced that following the Bank of England base rate increase on 11th January 2007, the Society will be increasing the interest rate on all its variable rate savings accounts by 0.25% on Sunday 28th January 2007.
Free-to-use cash machines result: Bristol leads the way
A coalition of Bristol-based anti-poverty groups is today announcing unique city-wide action on free-to-use cash machines.
Blue Monday; but resolve to get out of the red is keeping Brits optimistic
It may be Blue Monday (January 22) but it’ll take more than the unhappiest day of the year to dampen Britain’s spirits, according to a major psychological study. It reveals that 85 per cent of Brits feel optimistic about the year ahead; largely due to a firm resolve to sort out their finances.
Intelligent Finance rates effective from 28 January 2007
Following the decision by the Monetary Policy Committee to raise the Bank of England base rate, Intelligent Finance is passing on the full 0.25% to its savings and ISA customers.
Red alert on overdrafts as rates average 25.4 per cent
Going over your overdraft limit without permission from your bank or building society will cost you an average 25.4 per cent in interest charges as banks get tough, according to new analysis by MoneyExpert.com.