HSBC has reunited customers with £10.4 million held in lost or forgotten bank accounts.
The bank, which started searching out owners for unclaimed funds in September 2008, said over 7,000 customers have been reunited with dormant accounts.
The average money in each account was £1,400.
People in London are the most forgetful about money left in bank accounts, [...]
Santander’s ISA has been rated top in Moneynet.co.uk’s best buy charts for the fourth year in a row.
The ISA, paying 3.5%, pipped Barclay’s offering to the top spot.
Both Barclays and Santander are paying high rates than the best one-year fixed-rate ISAs.
“The Isa market is really taking shape as we approach the annual hot bed of [...]
Figures from the Bank of England today revealed that British consumers borrowed £500 million in January through credit cards, loans and overdrafts, once repayments were taken into account – the highest level since November 2008.
According to the Bank, the increase was almost double the £265 million rise seen in the previous month December, and comes [...]
Up to 270,000 civil servants are to stage a 48-hour national strike next month in a dispute over redundancy pay.
The walkout, which will take place on 8 and 9 March, will involve job centre staff, tax workers, coastguards, border agency officials, courts staff and driving test examiners.
If a satisfactory outcome is not reached then [...]
Middle class parents are outraged at plans by the Conservative Party to limit Child Trust Funds (CTFs) to the poorest families if they win the next election.
Research by Family Investments found that eight in ten parents do no support the plans, announced by shadow chancellor George Osbourne earlier this month.
The study found that 96% of [...]
With inflation now above 3.5% it has become close to impossible for savers to get a real return on their savings.
Instant access accounts pay an average interest rate of 0.86% gross, equivalent to 0.69% for a basic rate taxpayer and 0.52% for a higher rate taxpayer.
This is compared to inflation of 3.7% according to the [...]