Last year it was announced that money left in dormant bank accounts (accounts left idle for a number of years) would start to be distributed to charities. Halifax has said that it intends to try to reunite holders of dormant accounts holding more than £1,000 with their money in the near future, by advertising and […]
Month: February 2007
Nationwide Customers Pay 8p Each For Data Loss
This is kind of ironic – Nationwide customers will end up paying the £1million fine that the company got for the a loss of data back in August, stolen from an employees laptop. Because the Nationwide is a mutual building society, its customers own the company, rather than shareholders, so they’ll end up picking up […]
Will Your Insurance Claim Be Paid?
The Scotsman has reported some astounding figures from a new survey which suggests that 1.6 million Brits have had insurance claims turned down in the past 5 years. The unpaid claims came on health, income protection and life insurance policies, and averaged out at over £26,000 per claim – a whopping total of just under […]
Interest Rates Remain Stable
The Bank of England has decided to keep interest rates at the same level (5.25%) this month, after last month’s surprise decision to raise the rates. As I mentioned yesterday, many experts expert more rate rises before the summer, following the 3 previous 0.25% rises in the last 6 months. Those with variable rate interest […]
Want A Shorter Mortgage? Try Overpayments
According to MoneyExpert, mortgage experts Charcol recently encouraged mortgage-holders to try to overpay on their payments, in light of the fact that many lenders are no longer making early repayment charges. Indeed, if you’re in the lucky situation of being able to make overpayments to your mortgage, and are sure your lender doesn’t charge any […]
Are You Prepared For Another Interest Rate Rise?
The Bank of England will announce the fate of interest rates again tomorrow, and there’s plenty of speculation that rates still have some chance of upward movement yet to go. Reuters surveyed 62 economists, of which just 5 thought that rates would rise this month, yet another 46 predicted rates to rise again before the […]