August 2013 Archive

Croydon residents are most worried about debt, says new survey

Local residents in Croydon are the individuals most likely in the UK to worry about debt levels, according to a new survey.

Parents contribute £43 million to children's savings every week

Nearly three quarters of UK parents give their children pocket money, contributing over £43 million in total to piggy banks every week.

BBA reports mortgage approvals rise by annual rate of 30%

Figures for high street banks were positive but lending to businesses remain stagnant, according to new data by the British Banker’s Association.

Four out of five homes will have to pay stamp duty by 2018

80 per cent of homes in England and Wales will have to pay stamp duty tax if they plan to buy after 2018 due to rising property prices

Skipton BS launch online 7-year savings bond paying 3.50%

The Skipton Building Society has extended the availability of its inflation-busting 7-year fixed rate savings bond paying 3.50 per cent to online savers.

Faster current account switching will increase competition

A faster current account switching service is being unveiled next month which means customers will be able to switch bank accounts in just seven working days.

Skipton BS launches five-year child savings bond paying 3.0%

The Skipton Building Society has launched a new five-year savings bond aimed at parents investing on behalf of their children paying 3.0 per cent.

King lavished with £23k of gifts on Bank of England exit

The Bank of England spent over £23,000 on gifts and parties when Sir Mervyn King left his position as governor, including £10,000 on a self-portrait.

Student Finances: The top five student bank accounts for 2013

A-level results arrived this week and thousands of students are set to start university next month. Find out what are the best student bank accounts and how to manage your money.

Forward Guidance: How will it affect savers and investors?

Pete Comley, author of 'The Plan To Deal With The Debts' gives his insight into the new central bank policy of forward guidance on interest rates and what it means for your money.

Real incomes still falling as inflation outstrips wage growth

The consumer prices index measure of inflation has edged down to 2.8 per cent in July helped by falls in the price of clothing and footwear, official figures show.

First Direct raise switching incentive to £125

First Direct is raising its switching incentive for new current account customers to £125 until October 20th.

Cable indicates RBS sale will not be until at least 2018

Business secretary Vince Cable has warned that the Royal Bank of Scotland will not be back within the private sector for at least another five years

Carney: Bank of England to announce forward guidance on rates

The new Governor of the Bank of England, Mark Carney, is set to announce that the central bank will adopt a policy of forward guidance on interest rates.