Banking News
Banks reward loyal customers with pitiful returns, says Which?
Almost nine in 10 (87%) savings accounts that were available six years ago are now paying interest of 0.5% or less, while almost two-thirds (62%) are paying 0.1% or less - just £1 a year for every £1,000 saved, shows new research by Which? Money.
RBS and NatWest fined for poor complaint handling
The Financial Services Authority (FSA) has fined Royal Bank of Scotland (RBS) and National Westminster Bank (NatWest) £2.8m for multiple failings in the way they handled customers' complaints, responding inadequately to more than half the complaints reviewed by the FSA.
Big society at work - community housing project secures funding
A pioneering community-led village development to provide homes, jobs and facilities in Devon has secured a £2m loan from Triodos Bank. Finance from the bank will enable construction to start on phase one of the 7.2 ha development.
Triodos Bank tips for sustainable banking in 2011
With more than a third (37%) of people last year making a resolution to be more green or ethical, sustainable and ethical bank Triodos today offers a selection of tips on banking more sustainably in 2011.
Arctic snap prompts last gasp dash to Christmas cash
With many retailers warning of late deliveries due to the snow, and many more not accepting new Christmas orders, nearly eight million UK adults say the arctic snap has made them more likely to send cash to avoid loved ones being disappointed on Christmas Day, according to a survey this week from the Payments Council.
Triodos Bank tips for sustainable banking in 2011
With more than a third (37%) of people last year making a resolution to be more green or ethical, sustainable and ethical bank Triodos today offers a selection of tips on banking more sustainably in 2011.
Resolve to give your finances a boost in 2011
Brits could be saving over £3,600 in 2011 by taking time to review their finances and switching to more competitive deals. Despite over a third of Brits feeling they cannot make any savings in areas such as credit cards, home insurance and mortgages, research from moneysupermarket.com has found on average, people could save thousands of pounds over the next 12 months by switching to a better deal which suits their individual needs.
New deposit guarantee limit to be £85,000
The Financial Services Authority (FSA) has confirmed that the new deposit compensation limit for the United Kingdom will increase from £50,000 to £85,000 per person, per authorised firm, from 31 December 2010.
Consumers take greater control of their finances
27 million (57%) British banking customers are more confident about how they manage their finances than ever before, as increased awareness about financial matters is at an all time high - reveals Lloyds TSB.
Christmas charity appeal December 2010
Santander has joined forces with ITV1's flagship daytime show This Morning for this year's Christmas appeal to help raise money for CLIC Sargent, the children's cancer charity.
Lloyd's eases the financial burden for university students
Lloyd's has launched a new university bursary scheme to help students in Tower Hamlets afford to continue their higher education.
Bankruptcy - is it written in the stars?
Credit information expert, Equifax, has analysed data on bankrupts to reveal some interesting patterns in financial management, according to star signs.
Santander signs up 88 ex-Halifax Agencies
Santander has signed up 88 of the ex-Halifax Agencies - which were served notice by Lloyds Banking Group earlier this year, as part of its response to EU state aid requirements. These 88 Agencies have all been rebranded and are now offering Santander products to the local communities.
Yorkshire bucks the trend with high street openings
Yorkshire Building Society is reaffirming its commitment to the high street by continuing its agency development programme, bringing the number of new agencies opened by the Society this year to 14.
Introducing Lloyds TSB me
Lloyds TSB has launched a platform to enable users to engage with its distinctive avatar characters (as seen in Lloyds TSB advertising campaign), consumers can customise characters to resemble family member and friends. This new platform is called Lloyds TSB Me lloydstsbme.com.