9 January 2009 Archive

Interest rate cut: What it means for savers

Savers are likely to see the interest rate cut passed on

While borrowers are hoping the latest interest rate cut will mean cheaper repayments, savers are seeing their returns rapidly diminish.

Newcastle Building Society cuts 150 jobs

Newcastle Building Society is axing 150 staff

Newcastle Building Society is cutting up to 150 jobs in the wake of the housing slowdown and the failure of Icelandic bank Icesave.

Tesco drops 1.5% bonus on popular savings plan

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Tesco has axed the 1.5 per cent bonus rate on its Internet Saver account.

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