There is speculation that internet bank Egg is to be put up for sale by Wall Street banking giant, Citigroup.
According to Sky News, the bank will be looking for around £500 million for its internet banking arm and will launch a formal process next month.
Today, a spokesperson for Citigroup said: “We do not comment on [...]
Internet bank Egg has launched a new credit card paying 1% cashback.
The Egg Money World MasterCard has a £1 per month fee, and charges 16.9% interest on purchases and 8.9% on balance transfers.
Items costing over £75 are protected against theft, loss or damage for 90 days after the day of purchase.
Electrical items bought with the [...]
Internet bank Egg this week unveiled an instant access savings account and a fixed-rate bond.
The Egg Bonus Savings Account pays 2.8% gross pa/AER, including a fixed-rate bonus of 1.55% for the first 12 months.
The account can be opened with a minimum investment of £1, and offers the flexibility of unlimited penalty-free deposits and withdrawals.
From next [...]