While savers have long known there’s little that High Street banking providers can offer them, now it seems that borrowers are being told to look elsewhere too.
Cashplus puts the power of business banking in your hands. Free online bank services, including making and receiving payments, for one small annual fee.
Whatever type of business banking you opt for, make sure the bank has a mentor. The sooner you break the dependency, the quicker you keep more of your cash.
Never be afraid to ask for trade references or do credit checks. Companies unwilling to offer data freely may jeopardise short-term cashflow with late payment.
If you’re trying to grow your savings pot at the moment, expect no help from any quarter – both the Bank of England and High Street banks are not listening.
Not that anyone will be particularly surprised by this, but it turns out that the Big Five banks in the UK are horrid when it comes to customer service.
If you’re looking for a way to grow your savings pots in the current economy, good luck to you: banks and building societies are slashing rates left and right!
Unless you’re a glutton for punishment, you’re most likely tired of having to play games with your savings accounts when the bonus interest rate falls off.
Rising inflation and Chancellor George Osborne’s latest Budget have coincided to make things just that much harder for savers trying to put money aside.
Banks in the UK have begun to raise the rates of return on many of their savings accounts in an attempt to placate savers tired of trying to find good deals.