News Tag: 5%
July 8, 2009
Nationwide Building Society yesterday increased the interest it pays on fixed-rate bonds and e-Bonds, with a headline interest rate of 5%.
The fixed-rate bonds are available to anyone, while the e-Bonds are available online to any Nationwide customer with a Nationwide FlexAccount.
Both accounts are available for one year, 18 months, two years, three years or five years.
The interest rate ...
Nationwide “throws down the gauntlet” with new bond rates
by David Masters
May 27, 2009
Lloyds TSB has increased the interest rate on its monthly saver account to 5%.
The rate is fixed for 12 months and is available to account holders who deposit between £25 and £250 per month.
Penalty-free withdrawals can be made from the account at any time.
Colin Walsh, Lloyds TSB managing director of savings and investments, said given the current financial climate, getting ...
Lloyds TSB pays 5% on monthly saver
by David Masters
April 2, 2009
Principality Building Society yesterday launched a new individual savings account (ISA) paying interest at a fixed-rate of 5.00% AER tax free.
Between £20 and £300 can be saved in the ISA each month.
If the maximum amount isn't saved each month, then the account can be topped up in March 2010 to ensure that the full £3,600 allowance is used.
The ISA's launch comes as ...
Principality launches 5% ISA
by David Masters
March 10, 2009
The Nottingham has launched a new savings account designed to meet the needs of children under 16.
The Child Regular Saver can be opened with a deposit of just £10, and offers a guaranteed interest rate of 5% fixed until April 2010.
Relatives can pay up to £100 into the account every month.
Once the account matures on 15 April 2010 it automatically transfers ...
The Nottingham launches 5% children’s account
by David Masters
February 5, 2009
Abbey launched a number of new savings accounts this week, including new issue bonds and a Super Saver account.
The new bonds pay gross interest at a fixed rate of 2.25% for one year, or 3% for three years.
Both options pay more than the current Bank of England base rate.
The new 12-month Super Saver pays gross interest at 5% for one year.
Customers can ...
Abbey issues 5% Super Saver
by David Masters
September 4, 2008
The Bank of England’s Monetary Policy Committee (MPC) has decided to keep UK interest rates on hold at 5%.
The move was widely expected by analysts as the Bank battles with a possible recession and runaway inflation. This is the fifth month that interest rates have remained the same.
David Blanchflower, a member of the MPC, recently hinted that he would vote for ...
Interest rates on hold at 5%
by Kay Murchie
August 7, 2008
The Bank of England’s Monetary Policy Committee (MPC) has decided to keep UK interest rates on hold at 5%.
The move was widely expected by analysts as the Bank battles with a slowing economy and runaway inflation. Recent reports have suggested that the economy could be heading for a recession.
According to Hetal Mehta, senior economic advisor to the Ernst & Young Item ...
Interest rates on hold at 5%
by Kay Murchie
July 10, 2008
The Bank of England’s Monetary Policy Committee (MPC) has met this morning and decided to keep UK interest rates on hold at 5%, which was widely expected, despite requests from businesses to cut rates following fears about a likely recession in the UK.
Inflation currently stands at 3.3%, well above its 2% target rate, which is why many analysts forecasted rates to ...
Interest rates on hold at 5%
by Kay Murchie
June 5, 2008
The Bank of England’s Monetary Policy Committee (MPC) has met this morning and decided to keep UK interest rates on hold at 5%, which was widely expected.
The decision to keep rates the same was due to concerns about the pace of inflation. Rising food and fuel prices pushed inflation to 3% in April, exceeding the Government’s target of 2%.
According to ...
Interest rates on hold at 5%
by Kay Murchie
May 8, 2008
The Bank of England's Monetary Policy Committee (MPC) has met this morning and decided to keep UK interest rates on hold at 5%.
Most City analysts had predicted that rates would remain unchanged but with a cut to 4.75% in June.
Ian McCafferty, chief economic adviser to the CBI business group, said the latest data shows the economy is slowing, albeit ...
Interest rates on hold at 5%
by Kay Murchie
April 10, 2008
Following the Bank of England's Monetary Policy Committee (MPC) meeting this morning, the base rate has been cut from 5.25% to 5%, as widely expected by economists.
This is the third time since December that interest rates have been cut in an effort to protect the economy from the global credit crunch.
However, due to the credit crisis, which makes funding mortgages more expensive ...
Interest rates lowered to 5%
by Kay Murchie
