‘Banking’ Category

Banks to post notices about compensation schemes

Posted in Banking on Tuesday, May 29th, 2012 at 11:52 by Martyn Shaw.

Consumers who save money in British banks are protected against an institution’s insolvency through the FSCS or Financial Services Compensation Scheme.

Fixed-rate mortgages continue to fall

Posted in Banking, Mortgages & Property on Tuesday, April 24th, 2012 at 11:10 by Jessica Haynes.

Britons contending with issues of debt management have a basic decision to make whenever they decide to purchase a house.

Britons’ debt management practices during austerity

Posted in Banking on Tuesday, March 13th, 2012 at 12:53 by Martyn Shaw.

The challenging economic times have taken their toll on both wages and hours for many families. The extent of the impact may have been underestimated, however; unemployment and inflation figures do not tell the whole story.

Electricity Price War Spreads to E.ON

Posted in Banking on Tuesday, January 17th, 2012 at 11:41 by Jessica Haynes.

In welcome news for cash-strapped Britons, energy supplier E.ON has announced a reduction in electricity prices.

Virgin Money Offers Easy Access Saver Account

Posted in Banking on Tuesday, January 10th, 2012 at 11:16 by Jessica Haynes.

Now that Virgin Money has completed its acquisition of former rival Northern Rock, the bank is beginning to launch new financial products.  One of its initial offerings is the Virgin Easy Access Saver account, which requires virtually no balance to begin earning interest funds; accounts of merely £1 will qualify for interest payments.  The current [...]

New Customers of Virgin Money to pay Fees

Posted in Banking on Tuesday, January 3rd, 2012 at 11:00 by Jessica Haynes.

Banking customers are concerned about plans announced by Virgin Money bank, which will begin assessing a monthly fee of £5 on new current accounts.

Cash Machine Policies Questioned by UK Government

Posted in Banking on Tuesday, October 11th, 2011 at 10:01 by Jessica Haynes.

The Royal Bank of Scotland as well as Lloyds Banking Group have been challenged by the UK Treasury select committee to justify the policies they have implemented regarding their customers’ usage of the cash machines of rival banks.

Shopping Around For Financial Services

Posted in Banking, Credit Cards, General, Loans, Money Saving on Monday, June 21st, 2010 at 10:47 by Martyn Shaw.

Childrens Building blocks Finance

When looking for financial services such as savings accounts or loans, most people turn to their local banker. In times past, this approach worked very well, especially if the consumer had a long-standing relationship with the bank. In today’s economy, however, automatically turning to your bank may or may not be in your best interests.

Keeping Your Debit Card Safe

Posted in Banking, General, Money Saving on Thursday, April 15th, 2010 at 11:55 by Jessica Haynes.

debit card

Debt cards have replaced cash as the most convenient way to pay for purchases. Whether online or in a local shop, the cards can be used with the ease of credit cards, but without the worries of incurring over-limit fees. While handy, it is important to protect your debit card from identity theft.

How to Make Ends Meet

Posted in Banking, Debt, General, Money Saving on Tuesday, March 16th, 2010 at 11:27 by Martyn Shaw.

Purse with Money

According to the Consumer Credit Counselling Service, the number of people having difficulty meeting all their monthly expenses rose considerably in 2009 over the figures from 2008. Even for those who made their way through the worst of the recession, the task of managing to cover basic living expenses with available income seems an insurmountable task. If you find yourself in this position each month, there are a few things you can try to balance that monthly budget.