Banking
The bank of mum and dad may not be the answer
Strapped for cash Brits who borrow money from their parents to make ends meet in the run up to the February pay day will most probably leave their mum and dad out of pocket by not paying back the full amount.
Internet banking confidence hits a high
Online banking is booming with over two thirds of people (68 per cent) saying they conducted the majority of their banking on the net last year compared to just one in five (18 per cent) in 2005, new research from Lloyds TSB Internet banking reveals.
Skipton plays it fair for savers and borrowers alike
Following the recent announcement of an increase in the Bank of England’s base rate, borrowers with Skipton Building Society will be pleased to find the Society’s new SVR – at 6.64% - remains lower than any of the UK’s top 10 building societies.
Abbey raises current account rate to 6.3%
Abbey has raised its current account rate to a market leading 6.30 per cent, following the Bank of England’s decision to raise the base rate from 5.00 to 5.25 per cent.
Yorkshire Building Society increases savings rate
Yorkshire Building Society has today announced that following the Bank of England base rate increase on 11th January 2007, the Society will be increasing the interest rate on all its variable rate savings accounts by 0.25% on Sunday 28th January 2007.
Free-to-use cash machines result: Bristol leads the way
A coalition of Bristol-based anti-poverty groups is today announcing unique city-wide action on free-to-use cash machines.
Blue Monday; but resolve to get out of the red is keeping Brits optimistic
It may be Blue Monday (January 22) but it’ll take more than the unhappiest day of the year to dampen Britain’s spirits, according to a major psychological study. It reveals that 85 per cent of Brits feel optimistic about the year ahead; largely due to a firm resolve to sort out their finances.
Intelligent Finance rates effective from 28 January 2007
Following the decision by the Monetary Policy Committee to raise the Bank of England base rate, Intelligent Finance is passing on the full 0.25% to its savings and ISA customers.
Rate increase for offshore savers
Alliance & Leicester International Limited, the offshore savings bank has increased the interest rate paid on its Offshore Base Rate Tracker (Issue II) and its Offshore Pension Reserve.
Red alert on overdrafts as rates average 25.4 per cent
Going over your overdraft limit without permission from your bank or building society will cost you an average 25.4 per cent in interest charges as banks get tough, according to new analysis by MoneyExpert.com.
Abbey response to UK inflation announcement
Barry Naisbitt, Chief Economist at Abbey said: "The 3% reading for CPI inflation in December is higher than the Bank of England was expecting just a few months ago. It is also as close as it can get to breaching the upper boundary limit of the inflation target. Attention will now turn to next month and the publication of the January figure because the price level fell last January, as it tends to do because of sales discounting.
One of UK’s largest Islamic finance deals concluded
In a landmark arrangement representing the second largest Islamic finance deal in the UK, the purchase of the Grosvenor House Apartments Ltd by Park Lane Properties Ltd, co-owned by Kuwait based ADEEM Investment Company (ADEEM) and The Investment Dar (TID), has been successfully refinanced with Lloyds TSB Corporate Markets.
Overdraft charges exposed after commons debate
With today’s Commons debate fuelling the fire of discussion on banking penalty charges, moneysupermarket.com urges people to ensure they understand the current account charges they face from their current account or get their fingers burnt.
Average divorcing couple has assets worth over £230,000
January is one of the busiest times of the year for divorce lawyers. Over 140,000 couples could get divorced during 2007 and analysis of industry data by MoneyExpert.com reveals that collectively they could have more than £32.2 billion of assets to divide between them or over £230,000 per couple.
Banks generate extra £624 million from increased rates
It seems 2006 has been a busy year for banks, in the last 12 months consumers have been hit with a barrage of increased interest rates and charges.