Over a third of all unsecured debt such as credit cards and overdrafts in Europe belongs to the British, says business research group Datamonitor.
Tag: Savings
This Is Money: Account Upgrades Make You Pay
Hundreds of thousands of bank customers are being ‘upgraded’ to fee-paying current accounts without their permission, according to new research
This Is Money: Complaints Against Banks Surge
Complaints against UK banks have risen by 25%, led by anger over loans and overdrafts and default charges, according to industry figures
Motley Fool: The Seven Best Savings Accounts
Choosing the right savings vehicle can be tricky. The main things to consider are the interest rate, whether the interest rate has any guarantees, and what the maximum and minimum balances are. Other considerations might be how quickly you can access the money, when the interest is paid (i.e. monthly or once a year) and whether you want to make regular contributions, as opposed to depositing a lump sum. Here are the best accounts in their categories.
MoneyExpert: UK Saves Record Amount €“ But Can’t Stop Borrowing
The UK banked a record amount of savings between April and June of this year new figures have shown, with some £38.6 million put away for a rainy day.
Motley Fool: What’s Screwing Up Your Savings?
First, some good news: according to new research from IFA Promotion (IFAP; an organisation which promotes the benefits of independent financial advice), we Brits have made a serious effort to save and invest more in the past few months. Hurrah!
MoneyExpert: Homeowners Unruffled By Rate Rise Says Survey
Despite shrill complaints from lobbyists and fevered media speculation on the next move, most Britons say that they are entirely unaffected by the recent interest rate rise.
Scotsman: Watchdog Chief Slams ‘failing’ Pensions Firms
SIR CALLUM McCARTHY, chairman of the Financial Services Authority, has hit out at Britain’s pensions and savings industry, saying it “fails miserably” to create long-term relationships with customers.
Motley Fool: Money Saving Discussion Boards
Here at the Fool we have hundreds of different discussion boards that cover virtually every subject you can think of. Below we’ve listed a collection of the most popular boards on our site that deal with money saving.
This Is Money: Story Behind Nationwide Deal
Nationwide’s new boss reveals the strategy behind a £140bn merger, telling Jeff Prestridge how it was planned down to the last detail – with a codename inspired by his dog