Banking
Bank on nothing as current account rates lag
Average credit interest rates on current accounts have increased by just 0.29 per cent since October last year despite the Bank of England increasing the base rate by 0.5 per cent over the same period, new research from MoneyExpert.com shows.
Brits say debt below £15,000 not worth worrying about
Interest rate rises are having no effect on borrowers’ confidence according to the latest Personal Credit Index survey from CreditExpert.co.uk, the online credit report monitoring service from Experian. People are proving more comfortable than ever before with high levels of debt.
Claim management firms could scoop £531m of reclaimed bank charges
With £2.12 billion of bank charges still waiting to be reclaimed by consumers, it’s no surprise that around 30 specialist claim management firms or ‘ambulance chasers’ have been set up to ‘manage the whole process’.
SMEs set to benefit – business current account sector springs to life
Lee Tillcock, Editor of Business Moneyfacts comments: “According to recent research by Standard Life Bank, British SMEs are missing out on just over a billion pounds a year by keeping their money in low-paying business current accounts, with 60 per cent unhappy with the level of interest they are paid.
Alliance & Leicester increases interest rate on offshore base rate tracker
Alliance & Leicester International Limited (ALIL), the offshore savings bank, has today increased the interest rate on its Offshore Base Rate Tracker Issue 3, to a market leading 5.70% gross pa/AER.
Development of Jersey’s identity good for companies and clients
Yesterday, Jersey's Chief Minister, Senator Walker, announced that a historic agreement had been signed with the UK's Secretary of State for Constitutional Affairs, Lord Falconer.
Halifax: The MPC's 10th anniversary
The Bank of England will be celebrating the tenth anniversary of being granted operational responsibility for setting and controlling interest rates on 6th May.
Nationwide to provide free cash machines at Wembley Stadium
Nationwide Building Society has announced that it is to become an Official Supplier to the new Wembley Stadium. The new deal, which will run until the summer of 2010, is the latest addition to Nationwide's football sponsorship portfolio - which includes being the official England team sponsor.
Alliance & Leicester launches business centre in South Yorkshire
Alliance & Leicester Commercial Bank today announces the opening of the Bank’s latest regional Business Centre in the heart of Sheffield city centre.
Alliance & Leicester International revamps website
Alliance & Leicester International Limited (ALIL), the Offshore Savings provider based on the Isle of Man, has today re-launched its market leading website and internet banking system to ensure it continues to offer the best service to, and access demanded by, today’s expatriate community.
Cater Allen rebrands and modernizes for the 21st century
On 1 May Cater Allen Private Bank will rebrand to align its corporate identity with its parent company Grupo Santander, one of the world’s top ten banks.
Banks support call for greater co-ordination
Financial regulation needs to be better co-ordinated to maintain the UK’s premier position in the international financial services market the British Banker’s Association said today.
Brits keep a current account secretly hidden from loved ones
New research from Abbey Current Accounts reveals that 7.5 million Brits – that’s twelve per cent – keep a sneaky CASHFLO or Current Account Secretly Hidden From Loved Ones. That equates to one-in-seven current accounts held in the UK.
moneysupermarket.com: Alliance & Leicester's Premier 21 Account
Commenting on the launch of A&L's Premier 21 Account, Kevin Mountford, head of current accounts at moneysupermarket.com, said: "The launch of A&L’s Premier 21 Account is a clever way of securing customer relationships from a product designed to fit in with a change in life circumstances.
uSwitch.com: Alliance & Leicester’s current account for 16-21 year olds
Mike Naylor, Personal Financial Expert at independent price comparison and switching service uSwitch.com, comments on Alliance & Leicester’s new 10% AER current account for 16-21 year olds: