Banking
Love me not my bank account
Nearly one in three (31%) of singletons pledge to remain financially independent in their next relationship and have no plans to sacrifice their autonomy by opening a joint account, according to research by Alliance & Leicester Current Accounts.
Annual society appeal raises £90,000!
Yorkshire Building Society Charitable Foundation is delighted to announce the results of its recent fundraising appeal, with a £90,000 donation to CLIC Sargent, the UK’s leading children’s cancer charity.
Chelsea acquires Britannia Capital Securities
Chelsea Building Society, the UK’s 6th largest building society today announces that it has acquired Britannia Capital Securities LLP, an independent firm of secured loan and mortgage brokers, based in Swindon.
HBOS acquires additional 5% in Sainsbury's Bank
HBOS announces that it has bought an additional five per cent of the shareholding in Sainsbury’s Bank for £21 million from J Sainsbury plc.
Bank of England maintains interest rates at 5.25%
The Bank of England’s Monetary Policy Committee today voted to maintain interest rates at 5.25%.
Switch to Alliance & Leicester’s premier current account and receive 7% on a linked premier ISA
A new Alliance & Leicester Premier ISA account paying 7.00% pa gross/AER is being launched for customers opening an Alliance & Leicester Premier Current Account and will be available for a limited period only.
Lloyds TSB comments in advance of base rate decision
Commenting in advance of tomorrow's base rate decision by the Bank of England Monetary Policy Committee (MPC), Trevor Williams, chief economist, Lloyds TSB Corporate Markets said:
Internet only current account customers urged to get the best deal
On average, internet only current accounts pay 2.27% per annum less than the most competitive current account deals on the high street, according to uSwitch.com.
Abbey welcomes take-off in current account switching
With news from MoneyExpert.com that more than 1.38 million customers plan to switch their current accounts over the next six months, people switching to Abbey can now benefit from a market leading 6.30 per cent AER.
Bank rate rise hangs in balance
Quarterly inflation report and Consumer Price Index (CPI) hold key to rise or freeze. Ray Boulger, senior technical manager of John Charcol comments:
Banks under pressure as customers switch current accounts
More than 1.38 million customers plan to ditch their bank over the next six months as current account switching takes off, new MoneyExpert.com research shows.
Halifax ups the stakes in the battle for current accounts
Andrew Hagger, Head of News and Press at moneyfacts.co.uk, looks at the incentives being offered to customers to switch current accounts.
Groundhog day?
Today is ‘Groundhog Day’, a traditional festival celebrated in the US Canada immortalized by Bill Murray in the film of the same name, in which he relives the same day again and again. John Kelly, Head of Client Investment at Abbey wonders if we are reliving some of the economic conditions of 1990.
Rate increase for offshore savers
Alliance & Leicester International Limited (ALIL), the offshore savings bank, has recently reviewed its savings portfolio for both personal and corporate customers and increased the rates on its offshore savings accounts.
Citizens advice response to insolvency figures
Senior debt policy officer Sue Edwards said: “These figures are not surprising to us as last year (2005/06), bankruptcy accounted for 65,000 of the debt problems handled by CAB advisers. Our bureau network also dealt with an estimated 7,000 enquiries concerning IVAs.