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Archives for the ‘Banking’ Category

Did Darling know about the Icelandic bank collapse?

By admin • Nov 11th, 2008 • Category: Banking

Earlier this month UK consumers were shocked after the collapse of Icelandic bank Landsbanki left many fearing for the savings that they had placed in UK branches of the bank. Many had been persuaded to put their cash in Icelandic accounts such as Icesave over the past couple of years due to the high rates [...]



Compensation process begins for Icesave customers

By admin • Nov 9th, 2008 • Category: Banking

Earlier this month there was widespread panic amongst consumers, charities, local authorities, and businesses when the Icelandic bank Landsbanki collapsed, leaving many people, firms, and agencies that had put money into high interest Icesave accounts wondering whether they had lost all of their money. The panic became worse after it was revealed that the Icelandic [...]



Savers worry about where to put their cash

By admin • Oct 24th, 2008 • Category: Banking, Featured

The world of finance has been thrown into complete turmoil over the past year, not just for borrowers and lenders but also for those looking for a safe place to stash their hard earned cash. It seems that until around this time last year we all had a pretty good idea of where we wanted [...]



Banks find out that their charges are most likely unfair

By admin • Oct 20th, 2008 • Category: Banking, Featured

Over the past couple of years the bank charges applied to accounts by banks have been at the centre of controversy, with some banks charging close to £40 per fee when the customer went over their overdraft limits and for returned direct debits and bounced cheques. Officials from the Office of Fair Trading were concerned [...]



Savers should act quickly to secure good interest rate on savings

By admin • Oct 12th, 2008 • Category: Banking, Featured

According to many industry officials savers in the UK need to take action as soon as possible in order to secure a good rate of interest on their savings, as - whilst interest rates on many savings accounts is high at present - many lenders may start cutting savings interest rates as a result of [...]



Good news for those with Post Office savings accounts

By admin • Oct 9th, 2008 • Category: Banking, Featured

Many people in the UK have Post Office savings accounts, with many preferring these accounts because they are part of a trusted name. According to recent reports those with Post Office savings accounts will now be able to enjoy greater peace of mind than ever, and this is as a result of changes to the [...]



How does your future retirement look?

By admin • Sep 25th, 2008 • Category: Banking, Featured

Most of us look forward to a comfortable retirement when we eventually reach out golden years, and we all want to be able to spend time travelling and seeing the world, spend quality time with loved ones, and do the things that you simply cannot do when you have work related commitments. However, many of [...]



How much will you need to retire?

By admin • Sep 1st, 2008 • Category: Banking

For many people retirement is something that they would rather not think about, either because they do not have the money to put towards their retirement fund in the current financial climate where households are struggling to make ends meet due to higher bills and living costs, or because they are relatively young and feel [...]



Your 100% savings guarantee could cover the first £50,000

By admin • Sep 1st, 2008 • Category: Banking

Until late last year the government operated a savings guarantee of 100% on only the first couple of thousand pounds of a savers’ money deposited in a bank or savings account. However, the crisis surrounding the stricken bank Northern Rock changed all this. Following the onset of the global credit crunch Northern Rock, which was [...]



Inflation levels hit 11 year high

By admin • Aug 22nd, 2008 • Category: Banking

June saw inflation levels rise to an eleven year high of 3.8% as a result of soaring food and petrol prices, according to recent reports. The rate of inflation for May had already hit highs of 3.3%, resulting in the governor of the Bank of England, Mervyn King, having to write to the chancellor, Alistair [...]



Get a good deal on your savings from a British bank

By admin • Jul 30th, 2008 • Category: Banking

There was a time not so long ago when consumers in the UK who wanted to get a good return on their savings were looking more towards foreign banks that had recently entered the UK market for savings accounts, as they were pretty sure that this is where the best interest rates would be found. [...]



Record deposits in banks for April

By admin • Jul 3rd, 2008 • Category: Banking

According to recent reports April saw consumers in the UK deposit record savings in high street banks, with many rushing to take advantage of higher returns on deposits. Reports show that there was a surge in the level of deposits made by savers in the UK, with many trying to put money aside in order [...]



Finding the right bank account for your needs

By admin • Jun 24th, 2008 • Category: Banking

For many people a bank account is just a bank account – somewhere to pay their salary in each month and from which to withdraw cash or write cheques. However, these days the world of banking is more competitive than ever and many of the popular banks now offer a choice of accounts and a [...]



Do you want to earn an income from your interest?

By admin • Jun 12th, 2008 • Category: Banking

With a wide range of savings accounts to choose from consumers in the UK can enjoy finding the ideal account to suit their needs and their circumstances. The savings account that you choose will be based not just on your needs and circumstances but also on the amount that you have to invest and what [...]



Bank accounts for students

By admin • Jun 9th, 2008 • Category: Banking, Featured

Even as a student it is important to have certain banking facilities and services that enable you to manage your money and your debts effectively, and many banks in the UK now offer specialist bank accounts designed to meet the need to students. This is good news for students, as it means that not only [...]



High court case appeal should not delay case by a year

By admin • Jun 7th, 2008 • Category: Banking

According to the judge presiding at the recent High Court test case into bank charges, the decision by the UK banks to appeal against the ruling should not result in as serious a delay as some reports have indicated. Recent reports claimed that if banks appealed against the judge’s decision to allow the Office of [...]



Packaged account charges on the rise

By admin • Jun 7th, 2008 • Category: Banking

The monthly fees charged on some packages current accounts have been hiked up recently according to a recent report, with officials stating that this is the first step that banks are taking in order to make up for possible losses stemming from the recent High Court test case into bank charges. Whilst the judge ruled [...]



Prospect of monthly bank charges unpopular with consumers

By admin • Jun 7th, 2008 • Category: Banking

According to a recent report the vast majority of consumers do not want to see the introduction of monthly banks charges even if it means that there will be a fairer system in place with regards to penalty fees for unauthorised overdraft use, bounced cheques, and returned direct debits. Research was recently carried out by [...]



Smart saving with a regular savings account

By admin • Jun 7th, 2008 • Category: Banking, Featured

We all know how difficult it can be to get into the habit of putting a little money aside each month for a rainy day or even for emergencies, and even with the best of intentions many of us never get round to transferring that cash into our savings account, finding other ways to spend [...]



How you can benefit from a notice savings account

By admin • Jun 7th, 2008 • Category: Banking

There are many different types of savings accounts available these days through the UK’s banks, with something to suit most needs and circumstances, and enabling consumers to save towards a special purchase, for the future, or simply towards a rainy day. One type of account that can prove invaluable is the notice account, which offers [...]



Different types of bank account for UK consumers

By admin • Jun 7th, 2008 • Category: Banking

Over recent years banking services in the UK have come a long way and consumers have enjoyed more choice than ever when it comes to finding a suitable bank account for their needs. In the past most banks offered one standard bank account for the average consumer, take it or leave it. However, with competition [...]



Are premium bank accounts worth the cost?

By admin • Jun 7th, 2008 • Category: Banking

Banking in the UK has come a long way over the years, and these days consumers in the UK can enjoy a choice of bank accounts offering a range of perks. In the past the average consumer had a standard bank account and very little in the way of benefits of perks. However, most consumers [...]



Earning money from banks

By admin • Dec 5th, 2007 • Category: Banking



Are you looking for a suitable pension?

By admin • Dec 4th, 2007 • Category: Banking



Charge Claimants Can Ask For Strike Outs

By admin • Jul 8th, 2007 • Category: Banking



What Are Offshore Bank Accounts?

By admin • Nov 3rd, 2006 • Category: Banking



Student and Young Person’s Bank Accounts

By admin • Nov 3rd, 2006 • Category: Banking

Start at the beginning
Getting children to be interested in and understanding how to live with money is something they won’t usually learn at school. The earlier you can get them used to having a bank account the more able they will be to look after their money when they finally leave your protective influence [...]



Should I Open A Business Account?

By admin • Nov 3rd, 2006 • Category: Banking



How Safe Is Your Internet Bank Account?

By admin • Nov 3rd, 2006 • Category: Banking



Internet Bank Accounts - The Benefits and Drawbacks

By admin • Nov 3rd, 2006 • Category: Banking



The Process and Benefits Of Switching Bank Accounts

By admin • Nov 3rd, 2006 • Category: Banking



Savings Accounts - Are They Worth It?

By admin • Nov 3rd, 2006 • Category: Banking

It wasn’t like that in my day
It’s an often heard phrase usually uttered by a disgruntled and crumpled pensioner about some aspect of modern life. Well, thank goodness it’s not like it used to be as far as savings bank accounts are concerned. They used to be pointless; today they are a little different.
Inflation [...]



Opening and Closing Bank Accounts

By admin • Nov 3rd, 2006 • Category: Banking



Can I Have More Than One Bank Account?

By admin • Nov 3rd, 2006 • Category: Banking



Bank Accounts For Bad Credit Applicants

By admin • Nov 3rd, 2006 • Category: Banking

With all the different products on the market today there must surely be a Bank Account available for somebody with a low credit rating. Or is there?
Credit where credit’s due
There are two main credit rating agencies in Britain: Experian and Equifax. They provide information to all the financial institutions about how reliable a risk [...]



How Do Bank Accounts Work?

By admin • Nov 3rd, 2006 • Category: Banking