Banking

Money News

www.moneynews.co.uk > Banking

Money News - Bringing the latest consumer banking news, personal banking news, online banking news and Internet banking news for the United Kingdom, UK

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Money News

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Savers could be penalised for "excessive withdrawals"

Fri 9th May 2008

Most providers of savings accounts are likely to penalise customers who make too many withdrawals from instant access savings accounts, according to Moneyfacts.

Alliance & Leicester Commercial Bank agrees contract with Payzone

Fri 9th May 2008

Alliance & Leicester Commercial Bank has agreed a new five-year contract with the Payzone network, which will allows its customers to pay water bills or make instalments free of charge at any of the 17,000 Payzone retailers in the UK.

Alliance & Leicester bond changes announced

Fri 9th May 2008

Alliance & Leicester has announced changes to its fixed-rate bonds, with the interest rate on its one-year product increasing to 6.65 per cent gross per annum AER, up from 6.5 per cent.

Halifax savings rate increased

Fri 9th May 2008

Halifax has announced that it has increased its Web Saver Extra rate for all new and existing customers with balances of between £1 and £100,000.

Post Office growth bonds announced

Thu 8th May 2008

The Post Office has announced the launch of new growth bonds, which offer a return of up 6.25 per cent.

Bradford & Bingley notice savings accounts launched

Thu 8th May 2008

Bradford & Bingley has launched a two new notice accounts - the Internet Saver Notice and the My Time Notice Saver.

Saga savings account guarantee announced

Wed 7th May 2008

Saga Personal Finance has launched a new online savings account guarantee, which promises customers that the rate on their savings will not be more than 0.25 per cent AER below the average of the top five variable internet accounts.

Sainsbury's Internet Saver account 'offers consistent performance'

Tue 6th May 2008

According to Sainsbury's research, its Internet Saver account is the only instant or easy access savings account to consistently pay equal to or above the base rate since January 2005.

Abbey bond offered for limited period

Thu 1st May 2008

Abbey has launched a new one-year fixed-rate bond, which is available for a limited period only.

Nationwide International savings rates cut

Thu 1st May 2008

Nationwide International has announced that it will cut savings rates on almost all its sterling accounts by between 0.25 per cent and 0.3 per cent.

Alliance & Leicester savings rates decreased

Wed 30th Apr 2008

Following the Bank of England's decision to cut interest rates by 0.25 per cent earlier this month, Alliance & Leicester is reducing the rates on the majority of its savings accounts by the same amount.

Alliance & Leicester Premier 21 account celebrates birthday

Wed 30th Apr 2008

Alliance & Leicester Premier 21 current account is one year old today and the bank has decided to renew its 10 per cent credit interest offer for new customers.

Alliance & Leicester current account offer extended

Wed 30th Apr 2008

Alliance & Leicester has announced that it is extending the 8.5 per cent AER credit interest offer on both its Premier Direct and Premier 50 current accounts for another three months.

Co-operative Bank Savings: School holidays needn't be a burden

Wed 30th Apr 2008

The Co-operative Bank Savings is urging people to put money away for their children's expenses, after its survey of 3,500 families revealed that half of them were financially unprepared for the cost of keeping their children entertained during the school breaks.

Bradford & Bingley bond launched for limited period

Wed 30th Apr 2008

Bradford & Bingley has launched a new one-year fixed-rate bond, with pays 6.6 per cent gross/AER per annum.

NatWest Business Banking launches Foundation Account

Mon 28th Apr 2008

NatWest and Royal Bank of Scotland (RBS) have launched a business current account that is available to all customers, regardless of their credit standing, called the Foundation Account.

Saving "sexy again" for young people

Fri 25th Apr 2008

Saving is becoming a priority again for young people as the credit card and student debts pile up, according to a savings exert.

Alliance & Leicester International launches new eSaver account

Fri 25th Apr 2008

Alliance & Leicester International has launched a new eSaver offshore flexible income account, offering a rate of 6.35 per cent AER on balances over £25,000.

Nationwide launches new bonds

Fri 25th Apr 2008

Nationwide has launched a new range of one-year bonds with increased rates of interest.

Barclays: Emerging markets favourite with investors

Fri 25th Apr 2008

Buyers of protected investments are looking to emerging markets more than any other area, according to research from Barclays Wealth.

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