November 2008 Archive

Extra saver protection offered when building societies merge

Building society savers get more protection

UK savers are to get extra savings protection if their building society mergers with a rival.

Nationwide cuts savings rates by 1.44%

Nationwide has announced new rates which mean good news for mortgage borrowers but bad news for savers.

Zurich's quick fix savings plan

Zurich is offering savers five per cent interest in its newly-launched Fixed Rate Deposit Account.

6% savings accounts disappear

High interest savings accounts disappear

Saving accounts offering interest over six per cent are disappearing fast as banks and building societies cut their interest rates.

Mansfield BS launches 4.75% bond

The Mansfield Building Society has launched a one-year fixed-rate savings bond which pays interest of 4.75 per cent per annum.

Overdraft charges now costs £30

The charges for going over an authorised overdraft limit are now up to £30 - a 20 per cent rise over the last year.

The Nottingham: 7.5% child savings account

A new savings account for children has been launched by The Nottingham which boasts an interest rate of 7.5 per cent.

Pre budget bonanza - Monday 24/11/2008 22:33

Wow what a pre-budget report that was! Labour has it all solved.

Citigroup rescued by US authorities

Citigroup has been bailed out by US authorities

US authorities have bailed out Citigroup after the bank's share price plunged last week.

Pre-Budget 2008: Help for businesses

Alistair Darling has announced tax-relief for businesses

The chancellor Alistair Darling has announced a £7 billion package of measures for businesses in his pre-budget report.

RBS promises no overdraft hikes for small businesses

The Royal Bank of Scotland (RBS) has announced measures to help small businesses with their financing needs.

Savers: Counting the cost of base rate cuts

Saving rates drop, but there are still good deals to be found

If the credit crunch had any silver lining, it was for savers who have been enjoying a summer of high interest rates. A steady base rate of 4.5 per cent combined with banks desperate for cash meant those with money for a rainy day were spoiled for choice.