Tag: accounts

NS&I to cease selling via Post Office

NS&I to cease selling via Post Office

From November 28, National Savings and Investments (NS&I) will cease selling its accounts via the Post Office. It has been announced that the Government-backed NS&I will no longer sell investment or easy access savings accounts over the counter at the Post Office. NS&I runs Premium Bonds and a variety of savings products. However, from the [...]

November 3, 2011 | 0 Comments More
Post Offices to branch out by serving RBS and NatWest customers

Post Offices to branch out by serving RBS and NatWest customers

It has been revealed today that customers of Royal Bank of Scotland (RBS) and NatWest will be able to access their bank accounts through Britain’s 12,000 post offices. The announcement comes after Postal Affairs Minister, Edward Davey, recently said he was concerned that some banks do not allow customers at post offices to conduct transactions, [...]

November 9, 2010 | 0 Comments More
Nationwide International increases interest rates on lifetime saver accounts

Nationwide International increases interest rates on lifetime saver accounts

Nationwide International, the offshore subsidiary of Nationwide Building Society, has this week announced it is increasing the interest rate for the Sterling Lifetime Guarantee account’s latest issue. With effect from August 10 2009, Issue 13 will see the Sterling Lifetime Guarantee account pay up to 3.25% gross pa/AER (for the first 12 months). Nationwide International’s [...]

August 13, 2009 | 0 Comments More
UK’s £1bn crackdown on tax evaders

UK’s £1bn crackdown on tax evaders

HM Revenue & Customs (HMRC) has embarked on a new campaign in order to get millions of pounds of unpaid tax from offshore bank accounts and has used the 2009 Budget to introduce the new “offshore disclosure opportunity” which will run until March 2010. It is an invitation to people with offshore accounts to disclose [...]

April 23, 2009 | 0 Comments More
Building societies benefit as savers seek save haven

Building societies benefit as savers seek save haven

According to the Building Societies Association (BSA), over one million people opened a new building society savings account last year. Building societies have benefited since the collapse of Icelandic banks, Icesave and Kaupthing Edge, and the near collapse of Northern Rock, Bradford & Bingley, RBS, HBOS/Lloyds. The BSA said an additional 1.2 million accounts (net [...]

March 3, 2009 | 0 Comments More
uSwitch.com: Banks quick to cut savings rate

uSwitch.com: Banks quick to cut savings rate

The Bank of England has made aggressive cut in interest rates in the last two months but lenders have been slow to pass on the reduction to consumers, until the Government intervened and some lenders finally caved in to the pressure. However, according to a study by price comparison service, uSwitch.com, providers have cut their [...]

November 18, 2008 | 0 Comments More
GE Money fined £1.12m for mismanaging mortgage accounts

GE Money fined £1.12m for mismanaging mortgage accounts

Posted on: 25/09/2008 GE Money Home Lending has gained notoriety for being the first mortgage lender to be fined by the Financial Services Authority (FSA) because of inadequacies in its lending processes. The firm has been fined £1.12 million for mismanaging customers’ mortgage accounts. The mortgages in question contained “retention” clauses that allowed the lender [...]

September 25, 2008 | 0 Comments More