While the Bank of England may still cling to the idea that we’re ‘a nation of savers,’ new research indicates hat savings account activity in the UK has been fluctuating over the past few years, and not necessarily for the better.
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Cheshire BS grabs best buy cash ISA spot
Nationwide subsidiary Cheshire Building Society has recently grabbed the top cash ISA spot with its new 3.06 per cent interest rate best buy in the opening salvo of the ISA wars that rage every spring, experts say.
Lloyds pledges to stop branch closures for next three years
One personal and business bank account provider recently promised to stop branch closures for at least the next three years as it attempts to build a reputation as the first choice for Brits everywhere, experts say.
Overdraft charges highest since 1995, experts say
Overdraft fees charged on some current accounts in the UK are at their highest levels since 1995, when records first began being kept, industry experts from the Bank of England recently reported.
RBS executives criticised, blackballed by FSA report
A report from the Financial Services Authority published this past December harshly criticised RBS executives, calling them unfit to run a banking provider.
Static interest rate environment a problem for banks
The current environment of static interest rates in the UK has created problems for personal and business bank account providers, experts say.
Nationwide in hot water for dressing up ‘fraud guarantee’
Consumer group Which? has taken one personal and business bank account provider to task for billing its current account ‘fraud guarantee’ as a specialised perk for customers instead of their legal right, experts say.
HSBC hits Project Merlin business loan target for SMEs
One personal and business bank account provider has recently announced it has managed to hit its Project Merlin business loan target in 2011 for small and medium sized firms.
Fixed rate bonds looking more lucrative in the future
With the nation’s inflation rate is predicted to fall this year, fixed rate bonds may soon become excellent ways to make your savings pots grow over the next year or two, experts say.
NS&I cuts Direct Saver interest rate in controversial decision
The savings accounts arm of the Government recently made the controversial decision to cut its Direct saver interest rate just as countless consumers prepared to switch over to it this year.
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