Banking News
Quick links to latest articles:Base rate down to 4.5%
13 October 2008
Last week (8th October), the Bank of England’s Monetary Policy Committee (MPC) voted to reduce the UK’s base rate from 5% to 4.5% – the largest cut since November 2001.... read more »
Bank accounts – individuals’ savings protected
9 October 2008
As of today, 7th October 2008, the first £50,000 of an individual’s savings will be protected, even if the bank becomes insolvent.... read more »
Interest rates to hold steady, says expert
5 August 2008
With the next interest rate decision to be made this week (August 7th), consumers may be wondering what to expect from the Bank of England`s Monetary Policy Committee (MPC).... read more »
Windfall tax on energy `may not be the answer`
4 August 2008
Rapping energy companies with a windfall tax could have a further negative impact on customers, a financial expert claims.... read more »
Online banking customers warned about phishing
25 July 2008
In the past seven years the number of online banking customers has risen to 21 million – an increase of 505 per cent, according to new figures. ... read more »
Savers` knowledge of inflation "concerning"
23 July 2008
One consumer in ten does not know what inflation is, a new study has revealed. ... read more »
Savers urged to shop around for best account
9 July 2008
Consumers looking to save money for the future have been urged to decide what kind of saver they are and shop around for the most suitable savings account.... read more »
Cater Allen: Younger women strive for financial self-sufficiency
7 July 2008
More young women are striving to be financially self-sufficient, according to new research.... read more »
Interest rates expected to remain stable
4 July 2008
Experts have predicted the Bank of England`s Monetary Policy Committee (MPC) will keep interest rates at five per cent for the rest of the year.... read more »
Sainsbury`s Finance: conditions imposed on top savings accounts
3 July 2008
A study of the top 50 "best buy" savings accounts found over half impose restrictions on their use.... read more »