Many people are scared of investing. They prefer the safety of leaving their cash in a bank or building society. While it’s true you won’t see the value of your savings lurch up and down on a daily basis, we’re going to show why failing to invest can cost you money in the long term. And we’re not talking about a few pence, we’re talking about thousands and thousands of pounds!
Category: Banks
MoneyExpert: Alliance And Leicester Launches 6.1% Current And 12% Savings Accounts
Alliance and Leicester has launched a new account offering customers 6.1 per cent interest on the contents of their current accounts.
Motley Fool: Ten Ways To Avoid This Deadly Tax!
According to research from bank Bradford & Bingley, only one in fifty people (2%) who think that they will be liable to pay Inheritance Tax (IHT) have planned ahead by taking steps to reduce its impact. What’s more, almost half of adults don’t know the current rate of IHT, and more than a quarter wrongly assume that they can settle any IHT bill from their inheritance.
Scotsman: Property Boom Defies Base Rate Rise
HOUSE price growth across the UK picked up in August despite the increase in the Bank of England base rate, according to Nationwide Building Society figures released last week.
MoneyExpert: Average Homeowner Pays £13,596 For Remortgages
The average homeowner is likely to pay £13,596 in remortgage fees over the course of their lifetime, Abbey has claimed.
Scotsman: Don’t Bank On Interest Rates Staying Frozen
THE coming week could prove an expensive one for all of us of if the Bank of England’s monetary policy committee (MPC) decides on another hike in the base rate.
MoneyExpert: Property In “excellent Health” Says Bank Of England
New mortgage figures indicate that the UK housing market is in “excellent health” the Bank of England has said.
Motley Fool: My Favourite Student Bank Account
So you’re about to go to university and you’re hunting around for a good student bank account. If you can get to grips with your finances right from the start, you won’t regret it in future years, as I’m sure many, many debt-laden post-grads could tell you. The less debt you have when you finish, the faster you can pay it off and start saving that deposit for a house.
MoneyExpert: Average Adult Has Double Recommended Minimum Savings
The average adult in the UK has almost double the recommended minimum financial ‘safety net’ squirreled away in their bank accounts, according to Birmingham Midshires.
MoneyExpert: Cash Machine Fraud Soars Says Sainsbury’s
Fraud at cash machines increased by 260 per cent between 2000 and 2005 new research by Sainsbury’s bank has revealed.