Money Saving News for February 2009
- NatWest launches new ISA deals - 12th February, 2009
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NatWest has announced the launch of new deals on some of its individual savings accounts (ISAs), which may help those looking to put aside money to tide them through the recession.
The bank claims that its e-ISA savings account, which offers interest of 3.51 per cent on balances of over £10,000, is now the most competitive internet-only ISA on the market... - Cheap car insurance with halal guarantee added to comparison site - 11th February, 2009
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Moneysupermarket.com has announced the latest addition to the range of cheap car insurance products available for comparison on its site - halal car insurance.
The vehicle cover, provided by Salaam Halal car insurance, complies with the ethical requirements of the Muslim faith by ensuring that it does not invest in non-ethical industries such as alcohol or tobacco.
Salaam Halal insurance has also proved popular with non-Muslims who find the idea of an ethical company based on cooperative principles appealing... - Brits 'stop raiding savings accounts' - 11th February, 2009
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People in the UK have stopped taking money out of their savings accounts to spend on luxuries, according to research published recently by Birmingham Midshires.
The bank found that the average amount that Brits withdrew from their savings accounts in the last three months fell by 40 per cent when compared with the same period last year.
Birmingham Midshires research also revealed that only nine per cent of people in the UK raided these savings accounts to pay for luxuries, compared with 39 per cent in the same period last year... - PayPal prepaid card wins award - 11th February, 2009
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A prepaid card provided by PayPal has taken one of the top accolades at the annual Car Awards, which also recognises the achievements of balance transfer credit card providers.
The Top Up Card, which enables customers who do not have debit cards or balance transfer credit cards to pay for items online, took the award for best new prepaid card.
PayPal claims that the card is particularly suitable for those who sell goods online using their online payments tool as it enables users to spend the money in their PayPal accounts offline... - Survey: Couples more open about finances - 11th February, 2009
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A survey published recently has revealed that many couples are becoming more open about their finances because of the effects of the credit crunch.
The poll, conducted by PayPal, found that the recession has prompted one in five couples to talk more openly about their finances... - Recession 'causes couples to argue' - 11th February, 2009
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The recession has caused an increase in arguments between couples, a new survey has found.
PayPal, which conducted the poll, found that 32 per cent of couples in the UK admitted to having more arguments this year than last year. The extra arguments are mainly about money and household chores... - Pensions advice provider criticises personal accounts - 10th February, 2009
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An independent pensions advice provider, Dr Ros Altmann, has criticised a government report into the implications that means testing for personal accounts pensions would have for people in the UK.
Dr Altmann claims that the government report is "a whitewash" and said that its conclusions do not tally with her analysis of the situation... - Co-operative Bank balance transfer credit card wins award - 10th February, 2009
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A balance transfer credit card offered by the Co-operative bank has won a prestigious prize at the Card Awards.
The Woodland Trust credit card, one of a range of charity-orientated balance transfer credit cards provided by the Co-operative Bank, took the prize for best charity credit card.
For every customer who opens a Woodland Trust Credit Card account, the Co-operative Bank gives £15 to the Woodland Trust to plant a tree... - Lloyds TSB: Consumers increasingly predicting interest rate rises - 10th February, 2009
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Lloyds TSB has conducted a survey which reveals that a growing number of UK shoppers are preparing themselves for higher interest rates before the end of the year.
The bank's commercial division found that 24 per cent of those it polled in January are preparing themselves for higher interest rates, compared to 20 per cent who said the same in December.
Higher interest rates could be good news for consumers with money stashed in savings accounts, although they might affect the availability of cheap loans and buy to let mortgages... - Newcastle Building Society takes prepaid card awards - 10th February, 2009
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Newcastle Building Society has been recognised by the credit card industry for its prepaid offerings, which took several prizes at the Card Awards.
The building society won the prize for best prepaid card marketing campaign of the year as well as the award for best cross-selling programme of the year and its joint product with White Eagle was highly commended in the best prepaid product of the year category.
John Humphrys hosted the awards ceremony, which also saw Abbey win a prize for one of its balance transfer credit cards...