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Banking

Britain's banks support Children in Need

Banks and branches across the nation are not just collecting and counting the cash for Children in Need but getting in on the action themselves with events and activities nationwide.

Businesses unhappy with their savings account rate

According to the latest research by Fair Investment Company, a staggering 99 per cent of businesses are unhappy with their savings account rate.

Northern Rock helps relaunch vital community facility

An important community service in South Tyneside has begun a new life with a new identity this week following support from Northern Rock plc.

British holidaymakers return to 2009 favourites

British holidaymakers travelled to pastures known this summer, with 2009 favourites and long-haul destinations holding firm in 2010, according to a travel index released today.

Santander launches two-year tracker for existing customers

Santander has launched a new competitive two-year tracker available exclusively to existing Current Account customers.

Leeds reopens sterling Covered Bond market

Leeds Building Society has this week successfully raised £250m of 10-year long-term funding through a Covered Bond issue, which is the first money raised by any financial institution through a sterling Covered Bond issue in the UK since June 2007.

UK Base Rate on hold, but deposit rates offshore still rising

With the Bank of England again leaving UK Base Rate on hold since March 2009 at 0.5%, their lowest level for 19 months, many savers may well be wondering when the interest rate on their savings account might start to rise.

Skipton International celebrates 15 Years

Skipton International Limited, the Guernsey based offshore savings and local Channel Islands mortgage specialist, is celebrating its 15th anniversary this month.

Monmouthshire named ‘Best Regional Building Society’

Monmouthshire Building Society, one of Wales’ largest and most successful financial institutions, has won the prestigious ‘Best Regional Building Society’ award at the Mortgage Finance Gazette Awards in London.

Sterling gains after Quarterly Inflation Report

The Bank of England's updated inflation and growth forecasts for the UK economy suggests that inflation is likely to remain above target during 2011, but will eventually fall back towards 2%.

MBNA boost online banking services

MBNA has launched a new and improved online banking service through its website mbna.co.uk. The new facility, renamed Online Card Services, has been developed following feedback from customers to include a new service which provides step-by-step guidance on how to get the most from online banking and clearer, more concise content.

Santander extends eligibility on ZERO Current Account

Santander is extending the eligibility on the UK's first fee-free current account. From January 2010, the Santander ZERO Current Account will be available to customers who hold £10,000 or more in a Santander savings account, in addition to the current eligibility of mortgage customers and those with a Santander investment product.

Co-operative Bank expands charity operation

The Co-operative Bank has reinforced its commitment to the voluntary sector by expanding its specialist charity and social enterprise operation.

Post Office favourite for Foreign Exchange and Travel Insurance

The UK public has once again named the Post Office as its favourite travel insurance and foreign exchange provider at this year’s prestigious British Travel Awards.

Bank rate held – QE2 yet to sail

Ray Boulger of leading independent mortgage adviser John Charcol comments on the news that the Monetary Policy Committee (MPC) has left Bank Rate unchanged for the 20th consecutive month and is also leaving its Quantitative Easing programme unchanged at £200bn.