HSBC and Barclays terms turn the screws
HSBC and Barclays may have made billions, but they have also changed their account terms – squeezing more cash out of their customers
Archive for August 5th, 2009
Rics: House prices will rise this year
House prices will rise this year says the Royal Institution of Chartered Surveyors, which has ditched its original prediction of a 10% fall in 2009
Land Securities, other developers see gains
European equities markets were mostly lower Wednesday after new data from the United States showed that the services sector there declined in July and on a report from the Energy Information Administration which said crude oil stockpiles grew more than expected last week.
The FTSE 100 was down 0.52 percent to 4,647.13 in London, while the [...]
When will rates rise?
The Bank of England is almost certain to keep interest rates on hold tomorrow, say economists. So when will they rise?
Top savers losing out
Savers with more than £25,000 stashed away saw their interest rates plummet 0.5% between February and May this year.
A study of 725 savings products by private bank Investec found accounts with a balance of £25,000 or more had their interest rates cut by an average of 0.516% between 1 February and 1 May 2009.
Instant access [...]
Abbey launches 3.2% business bond
Abbey Business this week launched two new bonds paying up to 3.2% interest and aimed at SMEs.
The bonds, available to businesses with a turnover of up to £1 million, are available for business savings between £50,000 and £2 million.
The 12 month Fixed Rate Business Bond pays 3.2% gross pa/AER, maturing on 1 September 2010.
The 9 [...]