October 2007 Archive

Abbey opens up 8% account

Abbey is extending its high interest bank account to all new customers - not only those switching bank.

Alliance & Leicester: New current account for over 50s

Alliance & Leicester has launched a new current account for the over 50s.

West Bromwich: New savings tracker

West Bromwich Building Society is launching a new no-notice variable rate savings account.

Facebook identity fraud risk

The UK's 3.5 million Facebook users are being warned they are putting themselves at risk of identity theft.

Bradford & Bingley new eSavings account

Bradford & Bingley is bringing out a new internet-only savings account offering 6.20 per cent pa gross/AER (4.96 per cent net).

Scarborough increases saving tracker rate

Scarborough Building Society is increasing the interest rate on its Direct Exclusive Saver to 6.4 per cent, gross APR.

Leeds: Penalty-free savings at 6.4%

Leeds Building Society is bringing out a new postal savings account with a guaranteed rate of 6.40 per cent AER (6.35 per cent gross).

Chelsea increases Double Guarantee savings rate

Chelsea Building Society is increasing the savings rate on its Double Guarantee account by 0.1 per cent to 6.5 per cent.

Families cut back on savings as mortgage costs rise

Rising mortgage costs are leading families to cut back on spending and savings.

Northern Rock ISA tax losses restored

Northern Rock savers who lost tax benefits when withdrawing funds from Individual Savings Accounts (ISAs) will have their rights restored.

Rochdale lender collapses

Rochdale-based credit union Streetcred has collapsed with an estimated £450,000 worth of debt.

Northern Rock chairman resigns

Northern Rock's chairman Matt Ridley has resigned.

Bradford & Bingley International launches base rate tracker

Bradford & Bingley International (BBI) is launching a new base rate tracker at 6.4 per cent.

Building society savings hit record high off Northern Rock

Savings: Consumers turn to Building Societies

Building societies took in the highest levels of deposits for savings accounts on record in September, as investors looked for a safe haven of cash in the wake of the Northern Rock crisis.

Bank votes 8-1 for rate freeze

The Bank of England's monetary policy committee (MPC) was split over the future of interest rates at its October meeting.

Northern Rock chiefs: Crisis unforeseeable

Northern Rock: chiefs deny responsibility

Events causing the run on Northern Rock were unpredictable, the head of Northern Rock told the Treasury select committee today.

Virgin eyes Northern Rock

Virgin has confirmed it is looking to make a bid for troubled mortgage lender Northern Rock.

Darling looks to increase savings protection

Alistair Darling is to investigate increasing protection to savers following the Northern Rock debacle.

Internet community fights phishing scams

Phishing e-mails purportedly from Yahoo! and PayPal and eBay are to be targeted from today by a new secure email service.

Brits would save more if inheritance tax was raised

Brits would save an additional £44.2 billion annually if the Conservative party returned to power and raised the inheritance tax threshold to £1 million new research reveals.