Banking
UK interest rates held at 5.5%
The Bank of England’s Monetary Policy Committee today voted to maintain interest rates at 5.5%.
Savers and borrowers still waiting to see if their rates will be cut
Julia Harris, analyst at Moneyfacts.co.uk investigates: “Five weeks on from Decembers shock reduction in base rate, many experts are predicting yet another cut tomorrow.
Dreading the Christmas credit card bill?
Lee Barnes, a 25 year old from Halifax, Yorkshire, knows more than most the strain that an excessive Christmas can have on your finances – he is currently £60,000 in debt.
Barclays Stockbrokers predicts the MPC will cut rates
Henk Potts, Investment Analyst, Barclays Stockbrokers, comments on the forthcoming interest rate announcement: “The pressure has been building and building on the Bank of England to cut interest rates this week.
Forthcoming changes to the Banking Code
Commenting on the upcoming change to the Banking Code, which will transfer the responsibility for dealing with debt from borrowers to lenders, Tim Moss, head of debt at price comparison site moneysupermarket.com, said:
Santander Global Private Banking strengthens UK presence
Santander Global Private Banking announces the creation of Santander Private Banking UK, completing a process of integration and realignment of the various wealth management units of Santander within the U.K.
Fitness comes first for the over fifties
Nearly four in ten (37%) over 50s plan to use their spare time improving their fitness over the next few years, and one third (31%) intend to change to a healthier lifestyle and improve their diet, weight and general wellbeing, research for Alliance & Leicester's new Premier 50 current account has found.
Brits would benefit from financial workout
A massive 99 per cent of Brits could do with a financial workout, according to Abbey Banking. Just one in 100 Brits manage all aspects of their finances well.
Nationwide International launches Lifetime Guarantee account
Nationwide International, the offshore subsidiary of Nationwide Building Society, has launched a new Lifetime Guarantee savings account.
Nationwide International announces new savings rates
Nationwide International, the offshore subsidiary of Nationwide Building Society, has announced details of its new savings rates, which come into effect from Saturday 5 January 2008.
Capital One launches free identity alert service
Capital One has announced the launch of a new free identity alert service available for all its customers.
Treat yourself to a financial healthcheck this New Year
Avoid the financial winter blues by kick-starting 2008 with a fresh approach to savings, says Cheshire Building Society.
The nation puts its faith in Nationwide
Nationwide took pole position on 19 per cent, followed by NatWest with 13 per cent and Halifax on 11 per cent as the banks or building societies people most trusted, according to a survey commissioned by moneysupermarket.com.
Expats banking on using the internet
More expats than ever before are turning to the web to manage their finances. Research by the offshore savings bank, Alliance & Leicester International Limited (ALIL), has found that 92 per cent of expats use online banking to keep their finances in check - yet seven in 10 are missing out on the benefits of an offshore savings account.
The truth about the way we manage money
APACS, the UK payments association, has published a new report – Payment Myths – that uncovers the facts behind payment trends in Britain.