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Marks and Spencer Money offers 10% cashback on personal loans - Tue, 23 Jun, 2009
Borrowers taking out a personal loan with M&S will welcome the new 10% cashback being offered by the HSBC-owned financial firm. The offer is available for people taking out loans for 36 months or [more]
Private bank launches 4.75% savings account rate - Mon, 22 Jun, 2009
Going straight to the top of the best buy tables, Close Brothers' new Premium Gold fixed rate savings account offers a rate of 4.75% for a three-year period. Savers have the option of locking th [more]
Nationwide says consumers are saving less - Fri, 19 Jun, 2009
The latest savings index survey has found that consumers’ outlook with regard to savings has fallen further, with people saving less as the recession filters through the community. The view of [more]
Capital One stops offering savings accounts - Thu, 18 Jun, 2009
Capital One online bank and credit card firm has announced it is to stop offering savings accounts. The bank says the move will make no difference to its day-to-day business and has sent letters to [more]
Alliance & Leicester launches new business bank account - Wed, 17 Jun, 2009
A new current account has been launched by Alliance & Leicester Business Bank, offering a good interest rate. The new account pays 6% APR on balances up to £2,500 in the year after the acco [more]
13,600 personal loans taken out in Q1 2009 to pay for weddings - Tue, 16 Jun, 2009
The number of personal loans taken out for weddings in the first quarter of 2009 has increased 43% from last year, to 13,600. The statistics from Sainsbury’s Finance show that the value of loan [more]
More people drawn to online savings accounts - Mon, 15 Jun, 2009
As consumers start to consider replenishing the savings they may have turned to for extra cash during the recession, online savings accounts may offer a good option for those starting from scratch. M [more]
Tesco plans to offer business banking in the future - Fri, 12 Jun, 2009
Benny Higgins, the head of Tesco Personal Finance, has announced that the banking giant may move into business banking in the future. Higgins, speaking at the launch of Tesco Personal Finance’s [more]
Rothschild launches great rate savings bond for large deposits - Thu, 11 Jun, 2009
Those trying to find a home for between £20,000 and £2 million in savings could do a lot worse than the new Rothschild Reserve savings bond. NM Rothschild & Sons was set up as a bank [more]
One in ten cancel life insurance due to downturn - Wed, 10 Jun, 2009
New figures from the Association of British Insurers (ABI) show that 13% of people have decided that they can do without their life insurance during the economic downturn and have cancelled their poli [more]
Santander increases interest payments on current accounts - Tue, 9 Jun, 2009
From Monday 8 June, Santander’s Abbey and Alliance & Leicester banks, which are soon to be rebranded as Santander, increased interest paid on current account deposits by 1%. The increase ta [more]
Post Office savings account backer faces credit rating downgrade - Mon, 8 Jun, 2009
The Bank of Ireland, which backs the Post Office savings accounts, may be facing a downgrade of its credit rating by Moody’s. The leading credit rating agency says it will review the rating for [more]
Pound sterling loses strength following government crisis - Fri, 5 Jun, 2009
The pound lost strength against the dollar and Euro following yesterday’s news that a fifth minister had quit, deepening the government crisis. As pension minister James Purnell stepped down to [more]
Bank of England holds interest rates at 0.5% - Thu, 4 Jun, 2009
As predicted by the majority of analysts, the Bank of England’s Monetary Policy Committee has decided to maintain the 0.5% level for interest rates for a further month. Although recent statisti [more]
Barclays slashes interest rates for child savings accounts - Wed, 3 Jun, 2009
High street banking giant, Barclays, has announced that it has cut the interest rates of its Barclays Children’s Savings and Barclayplus accounts. Both of these savings accounts have seen the i [more]
Darling opposes Europe-wide banking regulation - Tue, 2 Jun, 2009
The European Commission has released details of a proposal for a centralised ‘European System of Financial Supervisors.’ The Chancellor is set on fighting the plan, which is intended to pr [more]
Pension funds look to commercial property lending to boost income - Tue, 2 Jun, 2009
According to industry insiders, pension funds are increasingly beginning to look to commercial property lending as a profitable asset class. Several lenders are launching secure funds for institution [more]
Lloyds TSB launches 5% interest savings account - Mon, 1 Jun, 2009
Lloyds TSB has launched a Monthly Saver account, which runs for a year and pays 5% on savings. Savers can deposit between £25 and £250 into the account each month and customers can have i [more]
UK high street banks to benefit from Santander rebranding - Fri, 29 May, 2009
Despite fears to the contrary, Spanish banking giant Santander’s decision to rebrand its UK high street banks, Alliance & Leicester, Abbey and Bradford & Bingley, is likely to boost thei [more]
Lenders banned from selling PPI with loans - Fri, 29 May, 2009
The Financial Services Authority (FSA) has announced that it has banned lenders from selling single premium payment protection insurance (PPI) alongside unsecured personal loans. Today is the latest [more]
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