Banking
Pocket power: British kids pocket £29 billion annually
British children receive a colossal £29 billion in pocket money each year, according to research amongst the country’s 11-18 year olds undertaken by Abbey Current Accounts.
Internet, post and phone providers told to get tough on scams
Internet providers, postal services and telephone companies should be doing more to help stamp out scams and bring the culprits to book, Citizens Advice said today.
Halifax issues contactless debit cards
Halifax will issue its first contactless debit cards on Monday 12th November. The new Visa payWave debit cards will be issued to around 25,000 existing customers across London, who are taking part in the initial phase of the contactless payment roll-out.
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BSA welcomes Bill on unclaimed assets
The Building Societies Association (BSA) welcomes the Government's confirmation of its plans for most building societies to be able to use their members' unclaimed assets to support good causes in their local communities.
Banking industry sets out its role in unclaimed accounts regime
The British Bankers’ Association has published details of its work programme to deliver the unclaimed accounts scheme announced in Parliament.
SWIP expects drop in UK interest rates over next six months
Richard Dingwall-Smith, Chief Economist at Scottish Widows Investment Partnership (SWIP) comments: "The decision by the Monetary Policy Committee (MPC) to keep rates on hold at 5.75% was no great surprise given recent comments from individual members.
BBA welcomes Government call for flexibility in EU regulation
The British Bankers’ Association welcomes the Government’s acknowledgement that a one-size-fits-all approach to regulating EU financial services would not serve the best interests of the UK.
UK interest rates held at 5.75%
The Bank of England today voted to maintain interest rates at 5.75%.
Abbey current account tops take the top spot
Samantha Owens, Head of Personal Finance at Moneyfacts.co.uk comments: “Abbey now pays 8% credit interest to new customers up to £1K and switcher customers £2.5K on it credit option current account.
Unbiased.co.uk’s audio podcasts go live
Unbiased.co.uk continues its campaign to better arm consumers with information on improving their financial situation, by launching a series of podcasts on personal finance topics.
Don’t let your debts stress you out this Stress Awareness Day
Today is National Stress Awareness Day, and one of the biggest contributors to stress is money and debt, so Fairinvestment.co.uk is launching a free ‘Guide to Getting Debt Free’ and urging people who are worried about their finances to take action.
Seek advice to make the most of sterling dollar rates
With the dollar at its lowest level for a generation, it’s no wonder the US based supermodel has allegedly asked to no longer be paid in dollars, but in Euros.
Yorkshire Building Society encourages members to act!
Ahead of the Government’s proposal to use unclaimed assets in bank and building society accounts for good / worthy causes, Yorkshire Building Society is actively trying to encourage its members to act and avoid their money being grouped with these forgotten funds.
Scarborough members tick the box for charity
Scarborough Building Society members have boosted the coffers of two of the Society’s partner charities, through their participation in this year’s Annual General Meeting.