Archive for December, 2011

Savings Rate Took a Steep Dip in 2011

Posted in Banking, Money Saving, Mortgages and Property on Wednesday, December 28th, 2011 at 11:07 by Sarah Evans.

Low rates of return on savings accounts took their toll during 2011, causing Britons to save only about half the amount that was typical for 2010.  In some ways, this is a good thing.  Those who pulled in more money than they need for living expenses tended to use it to improve their personal balance [...]

Cheque Guarantee Card Decision Raises Important Questions

Posted in Banking, Credit Cards, Money Saving on Wednesday, December 21st, 2011 at 11:14 by Sarah Evans.

The Payments Council, a group that includes the biggest banking institutions in Britain, has announced that cheque guarantee cards will continue to be unavailable in the UK.

Banking: Savings are no Hedge Against Inflation

Posted in Banking, Money Saving on Wednesday, December 14th, 2011 at 11:05 by Sarah Evans.

People save money so that they will be able to meet future needs such as paying their mortgages and car finance obligations.