Banking

Tesco Bank to create 200 new jobs in Glasgow

Tesco Bank has signed a five year agreement with Vertex, a leading global provider of Customer Management Outsourcing, to support its planned entry into the mortgage market in early summer 2011.

UK appetite for holidays undiminished

Latest research from the Post Office has found that the UK’s appetite for travel is still going strong, with 84 per cent of people planning trips away in the next 12 months. However, with finances still front of mind for many UK holidaymakers, Post Office Credit Cards is advising travellers how they can best avoid fees imposed by some travel credit card providers when using their travel credit cards overseas.

Post Office increases savings rates

The Post Office has increased the interest rate for its Online Saver account to 2.90% AER, putting it straight to the top of the Best Buy tables for easy access accounts. It has also launched a new issue of its one year Online Bond paying a Best Buy rate of 3.00% AER. Both deals are available immediately.

Sterling set to challenge the Dollar in a race to the bottom

By this time tomorrow, we will all know the extent on the Public Sector cuts in the UK. However, from a currency perspective, HiFX believe the release of the Bank of England minutes from their October meeting are likely to be far more influential.

Principality increases business savings rate

Principality Building Society has announced the increase of its 12 month Business Savings Fixed Rate Bond by 0.25%, becoming one of the top three 12 month fixed rate bond rates available to businesses in the UK.

Sainsbury's prepaid currency card with no ATM fee

Approximately 11.3 million Brits have withdrawn the equivalent of £3.87 billion in foreign currency whilst they were abroad over the past 12 months, according to research from Sainsbury's Travel Money.

Exchange rate forecast for school half term getaways

There is good news for families planning half term transatlantic trips as sterling today hit an eight month high against the US dollar.

Sterling plays piggy in the middle leaving UK businesses in limbo

The pound is playing piggy in the middle between a falling US dollar and surging Euro leaving British importers and exporters in limbo.

Mobile phones increasingly becoming a one stop shop

Three quarters of all British adults are now multitasking on their mobile phones, leading them to place a higher value on their mobile than it originally cost them, according to new research from Lloyds TSB.

Sterling tumbles to a five month low against the euro

Sterling slumped to a five month low against the euro this morning after UK claimant count rose and UK consumer confidence fell 9 points to 53, its lowest level in a year.

Don't be caught out in the cold with your travel money

With half-term only a few weeks away many Brits will be planning to escape to foreign climates, but following last week's collapse of foreign exchange website Crown Currency Exchange, moneysupermarket.com urges all holidaymakers to choose their holiday money carefully before travelling.