News Tag: bonds
July 7, 2010
Yorkshire Building Society has announced a new range of fixed-rate bonds paying interest at up to 4.6% gross/AER.
Customers can choose between two year, three year and five year options.
Interest is paid at 3.56% on the two year bond, 4.11% on the three year bond, and 4.6% on the five year bond.
Savers can apply for the bonds from 11 July, and ...
Yorkshire’s new bonds pay up to 4.6%
by David Masters
June 9, 2010
Savers are finding it increasingly difficult to get a good return on their money, and many are opting to pay off debt rather than keep their savings in a bank account, Moneynet.co.uk has claimed.
Andrew Hagger, spokesperson for the price comparison site, said at least a dozen best-buy savings deals have disappeared from the market in the past week.
Because of the low ...
Savers struggle to find decent rates
by David Masters
May 5, 2010
Michel Barnier, the European Internal Markets Commissioner, has pledged to investigate credit rating agencies after a series of downgrades to Greece’s debt.
Mr Barnier told the European Parliament he had been surprised by the rapid deterioration of Greece's rating.
Last week, Greece became the first euro zone nation to have its debt downgraded to “junk” status, while ...
Credit rating agencies to be investigated after euro zone downgrades
by Kay Murchie
April 7, 2010
Investors continue to lose confidence in the euro after it fell further yesterday on fears over its rescue deal.
The euro was down by more than a cent (1%) against the US dollar, at $1.3376, while it lost half a penny against the pound to 87.820p.
The risk premium on Greek bonds also increased greatly.
Last month a deal was reached ...
Fears over Greek rescue deal sends euro down
by Kay Murchie
March 25, 2010
High inflation continues to diminish the value of money put aside into savings accounts, a financial expert has claimed.
Michelle Slade of Moneyfacts.co.uk said that with the Consumer Price Index at 3%, basic rate taxpayers need to find a savings account paying 3.75% interest to ensure their savings pot retains its full value.
However, only fixed-rate bonds and regular saver accounts are currently paying ...
High inflation gnaws at savings
by David Masters
January 8, 2010
Santander's high street banks have launched a range of new fixed-rate bonds paying interest at up to 4.1%.
The bonds, available through Abbey, Bradford & Bingley, and Alliance & Leicester, can be opened by new and existing customers with a minimum deposit of £1.
The one year bond pays interest at 2.5% gross per annum/AER for investments up to £9,999, and 3% on investments over ...
Santander launches fixed-rate bonds
by David Masters
December 10, 2009
The best fixed-rate bank accounts are fast disappearing from the shelves of high street banks and building societies, research by Moneynet has discovered.
Keeping a watchful eye, Moneynet saw top deals from the Post Office, Melton Mowbray, Principality, Cahoot, Britannia, the Co-operative Bank, and Skipton
Building Society disappear - some of them only days after they were released.
The accounts that were pulled were paying ...
Best fixed-rate bonds disappearing fast
by David Masters
October 26, 2009
Government-backed National Savings & Investments (NS&I;), which runs Premium Bonds and a variety of savings products, has unveiled a rise in the interest rates on some of its policies.
The news will be welcomed by savers who have been suffering amid the historically low interest rate environment.
NS&I; said rates on its guaranteed growth bonds and guaranteed income ...
NS&I hopes to attract more savers as it raises rates
by Kay Murchie
September 18, 2009
Yorkshire Building Society has launched a new five-year fixed-rate savings bond paying interest at 5.3% gross/AER.
The building society also launched a three-year bond paying a fixed-rate of 4.65% gross/AER.
Both bonds require a minimum investment of £100 and can be opened in branch, over the telephone, or online.
Financial advice site Moneyfacts.co.uk said the bonds are both "amongst the market leaders in their ...
Yorkshire Building Society launches 5.3% bond
by David Masters
September 9, 2009
Nationwide has increased the interest rates on a range of its one-year savings bonds.
The building society now pays interest at up to 4.25% on the bonds.
Savers with a one year fixed-rate bond or e-Bond will now be paid 3.25% interest for balances above £10,000, and 3% for balances below £10,000.
Meanwhile, customers with a balance of £10,000 or more in Nationwide's Guaranteed Savings Bond ...
Nationwide boosts bond rates
by David Masters
September 2, 2009
Abbey, Alliance & Leicester, and Bradford & Bingley have announced the launch of a new two-year fixed-rate bond paying interest at 4.2%.
Savers can open the bond with an investment of between £10,000 and £2 million.
Any withdrawals incur a penalty of 120 days interest.
The bonds can be opened by visiting any branch of the Santander-owned banks, or online at abbey.com or bradford-bingley.co.uk.
Reza Attar-Zadeh, ...
Santander banks launch 4.2% bond
by David Masters
August 17, 2009
A new bond from Leeds Building Society paying 4% interest can be opened with as little as £100.
The four-year fixed-rate bond was launched alongside a two-year bond paying 3.5% interest.
Both bonds can be opened with a minimum investment of £100 and a maximum of £1,000,000.
Furthermore, both allow savers to withdraw up to 10% of the initial amount invested without ...
Open a 4% bond with £100 at Leeds
by David Masters
August 6, 2009
For the third consecutive month, the European Central Bank (ECB) has elected to keep interest rates unchanged at 1%.
The last time the ECB cut rates was in May and prior to that, rates were cut seven times since October 2008 when rates stood at 4.25%.
In a further attempt to boost the struggling economy, the bank has supplied cash ...
ECB leaves interest rates unchanged for third consecutive month
by Kay Murchie
N&P raises rates on bonds and ISAs
by David Masters
July 26, 2009
Nationwide has launched a new range of fixed-rate ISA bonds paying interest at up to 4.5%.
The bonds are available for one year, three years, or five years, paying interest at 3%, 3.75% and 4.5% respectively.
The ISAs can be opened with a minimum of £1, and savers can opt to transfer the balance from their previous ISA allowances.
The new ISAs are repackaged versions ...
Nationwide launches fixed-rate ISA bonds
by David Masters
July 20, 2009
Iceland has unveiled a €1.5 billion (£1.3 billion) scheme to recapitalise its three major banks. The Government will issue bonds to the three new banks it is creating from the collapsed ones.
It is hoped the plan will get the banking system on a stronger footing after its three largest banks, Glitnir, Landsbanki and Kaupthing, had to be nationalised last ...
Iceland announces €1.5bn plan to recapitalise banks
by Kay Murchie
July 14, 2009
The Cheshire and Derbyshire Building Societies this week unveiled three new fixed-rate bonds aimed at savers willing to lock away their money in exchange for a strong interest rate.
Available for one, two or three years, the fixed-rate bonds pay interest at 3.75%, 4.15%, and 4.5% respectively.
At Derbyshire consumers can invest between £100 and £1 million, whilst at Cheshire these figures increase ...
Cheshire and Derbyshire launch fixed-rate bonds
by David Masters
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
June 17, 2009
Supermarket giant Sainsbury's has reported that like-for-like sales were up 7.8% for the 12 week period to 13 June.
The news comes just a day after fellow supermarket Tesco posted a 4.3% rise in quarterly sales and said it had made a “solid” start to its financial year.
Meanwhile, Sainsbury’s, which is Britain’s third-largest supermarket, has confirmed it is planning ...
Sainsbury’s report strong quarterly sales and confirms expansion plans
by Kay Murchie
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