Banking
Continue to Fight the Freeze with the Snowman Appeal
Cheshire Building Society is supporting Age Concern’s Snowman Appeal throughout February in aid of its “Fight the Freeze” campaign.
APACS, AIC & FLA back unique new programme in personal finance
The ifsSchool of Finance is the only provider of GCSE, AS & A level equivalent qualifications in personal finance. More than 10,000 14-19 year olds are currently studying for one of these qualifications.
Scope for interest rate cuts limited by falling value of the pound
James Carrick, Investment Strategist at Legal & General Investment Management said in today’s Fundamentals briefing that although the Federal Reserve has been cutting interest rates aggressively, the weakness of the pound may mean that there are fewer cuts in the UK than some commentators are predicting.
Financial fresh start needed for expats
A new year often prompts a new start, and research by the offshore savings bank, Alliance & Leicester International Limited (ALIL), found that this is a key motive for people moving abroad.
Til debt us do part?
Valentine’s Day may be just around the corner, but it certainly won’t be a day of chocolates and flowers for everyone. Whilst love is in the air for some, Valentine’s Day may be a time of financial heartache for others.
Impressive year for unique police unit
The Dedicated Cheque and Plastic Crime Unit (DCPCU) – the special police unit that tackles cheque and card fraud criminals – was responsible for £107 million in estimated fraud savings in 2007, according to new figures.
Be my financial Valentine
This Valentine’s Day, make sure you and your loved one aren’t part of the 26% of couples that argue about their finances.
Brits’ resolve falters as one in four New Year’s resolutions fail already
The start of 2008 has seen huge numbers of British adults deserting their good intentions yet again, with over one quarter of all New Years’ Resolutions failing within a month.
Alliance & Leicester lays down the gauntlet
Alliance & Leicester has announced that it will increase the credit interest on its Premier Direct current account to 8.19%.
Alliance & Leicester rate improvements
Sean Gardner, Chief Executive of MoneyExpert.com, said: “The new current account rate from Alliance & Leicester at 8.5 per cent puts them to the top of the best buy tables and anyone in the market to switch should grab it. But they need to go in with their eyes wide open.
Alliance & Leicester's new current account rate
Commenting on Alliance & Leicester's new current account rate of 8.5 per cent AER, Kevin Mountford, head of current accounts at moneysupermarket.com, said: "It is fair to say over the past few months the current account market has felt flat. This is likely due to both seasonality and the OFT court case hanging over the industry like a cloud.
A&L and HSBC increase current account in-credit interest rates
Mike Naylor, personal finance expert at uSwitch.com, the independent online price comparison and switching service, comments on both Alliance & Leicester’s and HSBC’s moves to increase current account in-credit interest rates this week:
A&L increases credit interest on Premier Direct and Premier 50 current accounts
Alliance & Leicester is once again reinforcing its commitment to offering market leading current accounts, by increasing the credit interest rate on both Premier Direct and Premier 50 to a table topping 8.5% AER, with immediate effect.
Rate cut adds pressure to sterling sparking traders to sell
As widely expected, the Bank of England has today announced a 0.25% interest rate cut, lowering the base rate to 5.25%.
Consumers seek advice on different topics as mortgage approvals drop
The number of consumers seeking independent financial advice on mortgages dipped sharply during the final quarter of 2007 relative to the previous three months, according to figures from Unbiased.co.uk’s Advice Drivers report.