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...
View ArticleInterest 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...
View ArticleConsumers 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...
View ArticleInterest 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...
View ArticleNo 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...
View ArticleWhat 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...
View ArticleShould 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...
View ArticleCredit 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...
View ArticleInterest 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...
View ArticleSavers 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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