Birmingham Midshires, a leading provider of fixed rate bonds, has announced the launch of a new 1 Year Fixed Rate Bond. From today, savers will be able to secure an attractive fixed rate of interest at 6.40% gross/AER for a full year.
Birmingham Midshires’ 1 Year Fixed Rate Bond is unique to the marketplace in offering […]

Banks are on course to put ‘hole-in-the-wall’ machines into Britian’s poorest areas.
The initiative, spearheaded by Britian’s high street banks, will see more than a million customers, who currently have to travel or use machines for which there is a charge, able to access their money free the British Bankers’ Association said today.
Angela Knight CBE, chief […]

Data published this week by the Office of National Statistics shows a significant fall in the household savings ratio.
According to the ONS the household savings ratio fell from 5.3per cent in the third quarter to 3.7per cent in the last quarter of 2006, the lowest level since the end of 2004. This data comes in […]

The Office of Fair Trading’s delay on announcing limits on bank charges is an acknowledgement that a clampdown on fees could mean an end to free banking for all, leading financial research company Defaqto believes.
Defaqto’s Head of Banking David Black considers that any cap on charges is now likely to be set higher than previous […]

Invesco Perpetual is urging customers to limit their investment risk by saving regularly either through its monthly savings plan or phased investment option.
Rick White, Marketing Director, Invesco Perpetual says: “With tax year end approaching, this is a good time for investors to look at their 2006/2007 and 2007/2008 tax year investment strategy, both in […]

The BBA continues to highlight the banking sector’s commitment to increasing the number of consumers being provided with access to the financial system.
Latest statistics show that on average, over 150,000 basic bank accounts are being set up each quarter.
The fourth quarter of 2006 saw a net total (accounts opened less accounts closed) of 153,518 […]

Customers of the Big 4 High Street banks now have two more reasons to switch their current account to Halifax.
From 5th February, Halifax is increasing the rate of credit interest on its High Interest Current Account to 6% Gross (6.17% AER), for new and existing account holders.
From the same day, Halifax will be […]

A new Alliance & Leicester Premier ISA account paying 7.00% pa gross/AER is being launched for customers opening an Alliance & Leicester Premier Current Account and will be available for a limited period only.
This follows the very successful Premier Regular Saver offer, which was closed on 7 February 2007. Other previous offers have included all […]

Following the recent launch of its new Regular Savings Account and highly competitive Fixed Rate Bonds and Fixed Rate ISA Bonds, Nationwide Building Society has today announced a number of further initiatives to reward both loyal borrowers and savers.
These all form part of a series of member value initiatives that will be unveiled over […]

Halifax’s new Ultimate Reward Current Account, believed to be the best value packaged current account from a major High Street bank, launches on Monday 19th February.
The account will pay 6% Gross (6.17 AER) and offer benefits worth over £800 in total. Customers who switch banks to take out the Ultimate Reward Current Account, before […]