A saver’s Golden Goal is simple: to maximise the interest earned on any money sitting safely on deposit in a bank or building society. However, this is a far from easy task, thanks to the wide variety of different accounts on offer. Who wouldn’t be confused when faced with choosing between over four thousand different savings accounts?
Tag: Interest Rates
Motley Fool: Two High Interest Alternatives
Despite the recent rise in interest rates, the table-topping savings accounts haven’t been jumbled around much. This isn’t good as lack of competition means no pressure for banks to provide a better service. So, if you’re looking for alternatives to top savings accounts such as those from Birmingham Midshires, ICICI Bank or Alliance & Leicester, here are some ideas.
This Is Money: City Punters Back Rate Rise
City gamblers reckon there is an outside chance of a surprise interest rate rise this week, with an 80% chance of a November rise
MoneyExpert: UK Consumer Credit Dips, As Mortgages Rise
UK consumer credit rose less than predicted in August, with an increase of £755 million against a forecast £900 million, down from the previous month’s £1.1 billion rise.
This Is Money: Mortgage Lending Starts To Slow
Signs that the August interest rate hike may have dampened the property market were seen today as figures show that lending slowed in August
MoneyExpert: Introductory Saving Rates “misleading”
Consumers should be wary of savings accounts offering interest rates of five per cent or more, according to new research.
MoneyExpert: Housing Market Regains Strength
The housing market showed no sign of cooling off in September after the August interest rate hike, with Nationwide reporting “unseasonably strong” growth.
Motley Fool: Get A Mortgage With Bad Credit
If you wanted to borrow money in the old days and you had bad credit, you had to skulk off to some dark, sinister, pee-pee-soaked alley to find the villains who offered them, complete with their appalling small print and shocking interest rates.
MoneyExpert: British Personal Debt Is ‘double European Average’
Over a third of all unsecured debt such as credit cards and overdrafts in Europe belongs to the British, says business research group Datamonitor.
MoneyExpert: Report: Credit Card Rates Rising
Credit card companies have increased their interest rates to compensate for revenue they have lost as a result of lower default charges and rising bad debt, according to new research.