January 2007 Archive

Abbey and cahoot up interest rates on savings

HSBC offers 10% interest on Regular Saver

Bradford & Bingley launches two fixed-rate savings bonds

Abbey launches savings account for over-50s

Abbey has launched a new savings account that is exclusively available for people aged over 50 - offering 5.8 per cent interest.

Debt collectors brought in by banks

Banks are calling in debt collectors and closing the accounts of people that try to challenge charges on current accounts, new research finds.

11 ways to minimise inheritance tax

Tax adviser Vantis has suggested 11 ways for parents and grandparents to pass money on and minimise their inheritance tax liability.

Save £2, borrow £1

For every £2 saved by UK residents almost £1 is borrowed, new figures reveal.

National Savings and Investments (NS&I) ups interest rates

Mini cash ISA

Mini cash ISAs are tax-free savings accounts designed to encourage those on low incomes to save for their future.

ISA investments

ISA investments are investments in stocks and shares or cash savings that are sheltered from tax in an individual savings account (ISA).

Make £100 with ISA switching

Britons could make at least £100 more a year if they took advantage of the possibilities on offer and switched ISA providers.

Intelligent Finance launches new interest rates

Intelligent Finance has updated the interest rates on its savings accounts, current accounts, ISAs and offset mortgages.

Birmingham Midshires offers 6.05% fixed-rate savings bond

Birmingham Midshires has launched a new fixed-rate one year savings bond paying 6.05% gross AER interest.

Heritable Bank increases savings rates 0.25%

Heritable Bank has increased the interest it pays on its easy access, 90 and 120 day notice savings accounts by 0.25%.

Alliance & Leicester International increases offshore savings rates

Offshore savings bank Alliance & Leicester International has increased the interest rates on its offshore base rate tracker (Issue II) and its offshore pension reserve accounts.

Current account charges: UK's biggest bank robbery

Current account penalty charges are the "biggest bank robbery in Britain", an MP has said.

Icesave offers 5.7% on savings

Icesave has said it is increasing the amount of interest it pays to 5.7 per cent AER.

Poor least likely to invest child trust fund

Poorer parents are less likely to invest their child trust fund voucher, new research reveals.

NatWest launches Polish bank

NatWest is saying <i>witamy w NatWest</i> to the UK's Polish-speaking customers with a new bank account.

Is putting money in an ISA better than a repayment mortgage?

Would you be better off paying money into an ISA and using this to clear your mortgage debt than using a repayment mortgage?

Parents to bankroll kids into their 60s

Parents can look forward to bankrolling their children into their late 60s, new research shows.

Passbooks offer worse savings interest rates

People who have savings accounts with passbooks are earning 33 per cent less interest than people comfortable with online or telephone savings accounts.

Brits have £1 trillion in the bank

UK savers will have more than £1 trillion in the bank by the end of the year, HBOS predicts.

Top-ups the measure of child trust fund success

The real measure of the success for the child trust fund scheme will be how often and by how much parents and guardians top up the accounts, not how many vouchers are issued or their conversion rates, F&C Investments argues.

Britons paying for living in the red

Almost one current account holder in three goes overdrawn every single month, but more than 41 per cent of the population have no idea how much this costs them.