Banking
Abbey Business Banking launches market leading time deposit
Abbey Business Banking has launched a market leading Time Deposit with a great rate 2.6 per cent, with a six month term.
Nationwide launches Sustainable Living Programme in schools
Nationwide Building Society this month launches its Sustainable Living programme for schools as part of Nationwide Education, the free online resource for pupils, teachers and parents.
FairFX.com and Matalan offer holidaymakers a free fiver
To help Brits make the most of their holidays this year, FairFX.com is offering Matalan Reward Card holders a free prepaid currency card (normally costing £9.95) loaded with £5 to help them stretch their holiday spending money even further.
Credit crunch stirs arguments among British couples
The economic crisis is having an effect on British relationships with almost a third (32%) of couples admitting to arguing more this year, mainly about money and household chores.
Lloyds urges customers to be on alert for new internet scams
Lloyds Banking Group is urging its customers to remain on guard against internet scams, following the launch of the combined Group.
Current account holders get ready to bank on a reward
Almost half of us (48%) intend to make our finances a priority in 2009, according to research by Halifax. Almost a third (32%) of people said that they intend to set a budget for spending.
Alliance & Leicester International wins Expat Banking Awards
Alliance & Leicester International Limited (ALIL) has been voted joint winner for the best offshore bank for sterling instant access accounts for expats, by Nexus Magazine's ‘Best Banks for Expats Awards 2009'. ALIL was also highly commended for best offshore bank overall.
Base rate cut makes things worse, says the nation
For every person benefitting from the Bank of England's decision to cut interest rates, three people will be worse off.
Sterling charges ahead against major currencies
Following yesterday's interest rate decision from both the Bank of England and the European Central Bank, Sterling has begun a climb back up against a basket of major currencies by gaining almost a whole percentage point since yesterday afternoon.
Rate cut unlikely to halt Sterling rally
Marc Cogliatti, Currency Strategist at foreign exchange specialists HiFX comments on the news that the MPC have cut UK interest rates by 0.5% to 1.00%: "Today's decision by the Bank of England to cut interest rates was widely anticipated by the market and thus there was no negative impact on the UK currency.
Base rate drops help Sterling rally
Commenting on the Pound's recent rally, Stephen Heath, Chief Executive of FairFX.com, said: "There appears to have been a change of sentiment towards the Pound. Sterling is fighting back despite the base rate cuts, and today alone the Pound has strengthened from a low of $1.4365 to over $1.4650.
Barclays helps customers with lower interest rates
On the back of its Barclaycard announcement yesterday, which gives additional support to UK credit card customers, Barclays today announced cuts in its mortgage and small business interest rates, making repayments more affordable for borrowing customers in the UK.
Cut taxes not rates
David Kuo, financial expert at The Motley Fool responds to the Bank of England interest-rate decision: "The Bank of England has now cut interest rates by four percentage points since October, yet the economy continues to shrink.
Moneyextra.com: Interest rate cut
Following today's interest rate cut, Richard Mason, Managing Director of Moneyextra.com, comments: "Today's further cut in interest rates marks a new low for millions of savers around the country - such small returns on savings is unprecedented and savers need to start looking elsewhere to find a decent return on their investment.
Bank of England decision offers little help to borrowers or savers
The Building Societies Association (BSA) has criticised the decision by the Bank of England to cut the base rate by 50 basis points to 1%, saying that it will harm both savers and borrowers.