2008 Archive

Savings rates cut faster than base rate

Savings rates are falling rapidly

Savings providers are cutting the interest rates on products faster than the Bank of England is reducing the base rate, research shows.

Newcastle launches 4.5% interest ISA

FTSE 100 falls

Newcastle Building Society is offering a 4.5 per cent rate for savers putting their cash into its new Reward Saver and Reward ISA.

Halifax provides home for Christmas cash

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Halifax is throwing the spotlight on its children's savings accounts after it discovered almost a third of people receiving money this Christmas will save it.

I'm Polish. Can I have an ISA?

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A reader from London wants to know if she can qualify for an ISA as she is Polish.

Can I transfer my ISA?

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A reader wants to move her ISA, but is unsure if she can.

Internet Explorer flaw puts bank passwords at risk

Internet Explorer flaw puts online bank customers at risk

A fault in Internet Explorer could see online bank passwords at risk of being stolen by criminals.

Skipton & Scarborough: Extra safety for savings

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People who hold savings accounts with Skipton and Scarborough Building Societies will soon benefit from double protection for their funds.

2008: Year of the nuclear crunch - Part One: Interest rates and bank nationalisation

Interest rates and bank nationalisation came as 2008 turned

2008 saw crunch become crisis as the global economy heads into 2009 set to be dominated by recession.

Brits save less as household finances squeezed

Bank of England finds Britain is struggling

Household savings are dropping as Brits find it harder to make ends make, new data from the Bank of England reveal.

ISA saving highest in Epsom and Ewell

Epsom races to top of ISA savings league

Cash ISA balances are highest on average in Epsom and Ewell at £9,343.

Halifax current account pays out £5 a month

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Halifax is set to launch a new current account in the New Year which pays out £5 per month instead of interest.

First Direct uncovers UK's hidden treasures

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People banking with First Direct are being given exclusive access to an online "little black book" - a directory of the UK's hidden gems.

Santander axes 1,900 UK jobs

Abbey will cut jobs next year

Santander-owned banks Abbey, Alliance & Leicester and Bradford & Bingley are cutting 1,900 jobs across their businesses to save costs.

Tomorrow will see HBOS shareholders vote - 11/12/2008 21:39

Are HBOS shareholders nuts?

This is the final hurdle before the deal goes through and the government takes a 40% stake in the Titanic bank.

Abbey highlights high interest saving rates

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Abbey is promoting its high interest savings plans, including the Super Fixed Rate Monthly Savers which has a rate of eight per cent.

Nationwide presents 3.75% online savings rate

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Nationwide has launched a new internet savings account for savers who require occasional access to their funds.

Nationwide: four-year haven for savings

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Nationwide has unveiled a savings bond which locks in cash for four years and pays 4.3 per cent interest throughout this time.

M&S cuts variable saving rate by 0.5%

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M&S Money has slashed the savings rate on its variable Cash ISA by 0.5 per cent following the Bank of England's interest rate cut.

Skipton reissues pick 'n' fix bonds

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Skipton Building Society has launched new versions of its Pick N Fix bond range, with savings rates of up to 3.75 per cent.

Abbey offers home savers 6.5% interest

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Abbey is offering 16 to 35 year olds a helping hand onto the first rung of the property ladder with the creation of its Home Saver Account.

Newcastle bond offers 4.5% interest

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Newcastle Building Society has reissued its Postal Bond after slashing the interest rate by 0.5 per cent.

24,000 Icesave savers not claiming back cash

Icesave savers seeing savings returned but 24,000 still out of pocket

As many as 24,000 Icesave customers have failed to claim their money back from when the Icelandic bank hit the wall.

Savers in the cold over interest rate cuts

Savers warned to move cash out of cold accounts

Savers are set to see rates drop further after the Bank of England cut interest rates today/yesterday.

Newcastle launches 4.5% tax-free savings plan

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Newcastle Building Society has launched a new ISA which boasts an interest rate of 4.5 per cent.

Savings slide as Brits pay off debt

Brits stop saving to pay off debts

Savings have plummeted by over £19 billion in the last quarter as Britons pay off their debts, research shows.

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