Archive for the 'interest rate' Category
Despite a rise in the number of mortgage deals on offer, a large deposit remains essential in securing a competitive loan, both for house purchasers and remortgagers.
According to research by Moneyfacts Group for the BBC, the number of mortgage products available has risen 66% so far this year, to 2,351.
However, the financial researcher found that [...]
August 3rd, 2010 | Posted in All Financial News, Moneyfacts, Mortgage News, UK mortgage market, average, deposit, interest rate, mortgage products, research | No Comments
The Reserve Bank of India (RBI) has raised its key interest rate from 4% to 4.5% in a bid to combat rising inflation.
It is the fourth such increase this year and economists had only expected a rise to 4.25%.
Inflation rose to 10.55% in June and the latest interest rate hike is a fresh attempt to [...]
July 27th, 2010 | Posted in All Financial News, Economy News, India, RBI, Reserve Bank of India, fight, food, growth, inflation, interest rate, rise, strong | No Comments
Sainsbury’s Finance has boosted the interest rate on its Easy Saver account for new customers.
Interest on accounts opened after 25th June 2010 will be paid at 2.7% Gross AER, an increase of 0.2 percentage points on the previous rate.
The 2.7% rate will be paid to new customers for 12 months provided they maintain a balance [...]
June 30th, 2010 | Posted in All Financial News, Banking News, Sainsbury's Finance, interest rate, new product, savings | No Comments
Sainsbury’s Finance has boosted the interest rate on its Easy Saver account for new customers.
Interest on accounts opened after 25th June 2010 will be paid at 2.7% Gross AER, an increase of 0.2 percentage points on the previous rate.
The 2.7% rate will be paid to new customers for 12 months provided they maintain a balance [...]
June 30th, 2010 | Posted in All Financial News, Banking News, Easy Saver, Sainsbury's Finance, interest rate, new product, savings | No Comments
A survey by Westpac bank and the Melbourne Institute has revealed that Australian consumer confidence has been hit by the recent hike in interest rates.
The study, which questioned 1,200 people, found that consumer morale in May fell for the second consecutive month – by 7% to a reading of 108.
This represented the biggest monthly fall [...]
May 19th, 2010 | Posted in All Financial News, Australia, Economy News, May, Melbourne Institute, Westpac bank, avoid, consumer confidence, hit, interest rate, recession, rises, survey | No Comments
The Russell Group, which represents 20 elite, research-intensive universities, has suggested that graduates may have to start paying back their student loans earlier and at a higher rate of interest, in order to prevent a major funding crisis.
Following an official review of student finance and fees, the group warned that the financial sustainability of the [...]
May 14th, 2010 | Posted in All Financial News, Loan News, The Russell Group, deficit, earlier, funding crisis, higher, interest rate, pay back, report, student loans | No Comments