Banking

Scarborough opens up rollover bond to smaller investors

Scarborough Channel Islands Limited has re-launched its popular Rollover Bond to make it even better.

Scottish Widows launches text service for mortgage customers

Scottish Widows Bank has launched a free text messaging service designed to keep customers and financial advisers up-to-date on the progress of their mortgage application.

Identity fraud casts a long shadow

The UK’s third National Identity Fraud Prevention Week begins on 8 October. Peter Hurst, Chief Executive of CIFAS – The UK’s Fraud Prevention Service (which is supporting the campaign) comments “No-one should be complacent about identity fraud. The effect on victims can be devastating.

HBOS pays £128m in dividends to UK shareholders

The UK economy will today (Monday 8th October) enjoy a £128.4 million boost as 2.1 million HBOS private shareholders receive their interim dividends.

CML responds to rate hold decision - expect a cut in November

Responding to today's MPC decision to hold interest rates at 5.75%, the Council of Mortgage Lenders says that the hold was widely expected but that a cut in November remains the most likely prospect.

Rate stability much needed

The National Association of Estate Agents (NAEA) has welcomed the Monetary Policy Committee’s decision to leave interest rates at 5.75% this month.

Will Bank Rate fall next month?

“The minutes of today’s meeting will be particularly eagerly awaited, for a clue to next month’s decision” says Ray Boulger of leading independent mortgage adviser, John Charcol.

Fool.co.uk: Bank of England’s interest-rate decision

David Kuo, Head of Personal Finance at Fool.co.uk, says: “We are not surprised that the Monetary Policy Committee has chosen to sit on the fence regarding interest rates this month.

Nationwide: Improve ISAs, children's savings and housing affordability

Nationwide Building Society, ahead of the Pre-Budget Report which is expected next week, has called on the Chancellor to make changes and improve the ISA system, children's savings and housing affordability.

UK interest rates held at 5.75%

The Bank of England’s Monetary Policy Committee today voted to maintain interest rates at 5.75%.

Fair Investment Company: unfair bank charges

James Caldwell, Director of Fair investment Company, comments on MoneySavingExpert.com’s findings regarding the OFT vs the banks:

Bank of Scotland launches Total Business Account

Bank of Scotland Business Banking is the first British bank to bring consumer pricing to the business banking market by launching an account offering base rate (5.90% AER) on credit balances – almost double the interest paid out by the Big Four banks.