Leeds Building Society savings accounts

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Savings News

Bank of England minutes show governor King outvoted again

Sir Mervyn King was outvoted on QE at the May meeting of the MPC

The minutes from the Bank of England's latest meeting of the Monetary Policy Committee reveal the governor, Sir Mervyn King was on the wrong side of a 6-3 vote against more QE again.

Jockey Club extends retail bond deadline by 15 days

The Jockey Club has launched a retail bond paying 7.75%

The Jockey Club has unveiled a retail bond with a twist. It pays 7.75 per cent but 3.0 per cent of interets earned is only paid via discounts on race tickets and other costs.

OFT not to refer current accounts to Competition Commission

The OFT has decided not to refer current account market to the CC

The Office of Fair Trading has decided not to refer the current account market to the Competition Commission saying it will monitor proposed changes and review the sector again in 2015.

Governor King to present final quarterly inflation report

Sir Mervyn King presents his final quarterly inflation report today

The Governor of the Bank of England, Sir Mervyn King is to present his final quarterly inflation report and is expected to keep 2013 GDP growth estimates close to 1.0 per cent.

Co-op presents capital plan to Bank of England

The Co-op has denied it may require a bailout

The Co-operative Bank has denied it will need a taxpayer bailout after Moody's cut its credit rating to junk status prompting the resignation of chief executive Barry Tootell

Post Office accounts offer simple fee structure and low charges

The Post Office has unveiled three new current accounts

The Post Ofice has launched three new current accounts in a pilot scheme that could be unveiled across its 11,500 branches in 2014.

Bank of England keeps QE and base rate on hold

No change expected in monetary policy when the Bank of England meets today

The Bank of England's Monetary Policy Committee is not expected to make any changes to quantitative easing and base rate when it meets today keeping QE at £375bn and base rate at 0.50%.