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Hikes in ISA limits result from budget

It was announced at the recent budget by Alistair Darling, the Chancellor, that ISA limits in the UK were being hikes, although savers will not see the benefits straight away. However, some savers who...

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Interest rates remain on hold after May meeting

After the May Monetary Policy Committee meeting the Bank of England announced that the base interest rate was to be kept on hold at its all time low of 0.5 percent. The base rate is now just a tenth of...

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Consumers advised to pay credit card debt and not save

In the current economic and financial climate, with the recession threatening the jobs of many people, it is not surprising that many people decide to put every spare penny into savings in the event...

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Interest rate could rise again quickly

The chief economist at the Bank of England has warned that whilst the base interest rate in the UK has plummeted to its lowest level in history over recent months, following a series of six interest...

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No change in base rate for third month

For the past couple of months the base interest rate in the UK has been kept at its record low of 0.5 percent, and following this month’s Monetary Policy Committee meeting the Bank of England has...

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What is the Next Step for Borrowers and Savers?

With the recession in full swing in the UK and predictions of worse conditions to come, both borrowers and savers are wondering what they should so in the future. Small returns on investments are...

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Should you Remortgage at a Lower Rate of Interest?

Lenders are offering sweet deals to homeowners who wish to remortgage their homes. HSBC is currently offering two-year fixed rate remortgage loans at the low rate of 2.69% and Nationwide has announced...

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Credit card rates will have to come down

In a recent report a leading consumer watchdog groups has said that credit card interest rates in the UK are going to have to come down. Officials have said that at the moment, whilst the country is...

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Interest rates on hold again

Earlier this month saw the September Monetary Policy Committee meeting took place, and following the monthly meting the Bank of England has announced that the UK base interest rate is to be kept on...

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Savers Can Enjoy Increased Interest Rates

In an effort to fund new mortgages, building societies and banks have started to raise the interest they pay on savings accounts in an effort to raise the monies they need to be able to offer new...

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