Money Saving News for January 2009
- Lloyds TSB announces further help for SMEs - 7th January, 2009
Prudent Minds – number 1 for banking news
Lloyds TSB has announced that it will help its small and medium enterprise (SME) customers by passing on in full any cuts in the base rate, amid rumours that the Bank of England is preparing to cut the base rate again later this week.
The commercial bank said that the move is part of its six point plan for SMEs and will affect those businesses with variable rate overdrafts and cheap loans... - Mortgage lenders fail to pass on full cut - 6th January, 2009
Prudent Minds – number 1 for buy to let mortgage quotes
Data released recently has revealed that many mortgage providers have not yet passed on the full benefit of the Bank of England's latest base rate cut to homeowners.
According to Moneyfacts.co.uk, since the reduction in the base rate was made last month only 19 UK mortgage lenders have opted to pass on the full one per cent cut... - Savings account interest rates follow full cut - 6th January, 2009
Prudent Minds – number 1 for savings account quotes
One month on from the Bank of England's base rate cut, many savings account providers have slashed their interest rates by the full amount, according to Moneyfacts.co.uk.
The price comparison site has compiled data which shows that 77 per cent of savings account providers have announced cuts in their savings rates with "the majority" reducing their rates by the full one per cent.
Moneyfacts.co.uk found that the average savings rate on a no-notice account is now just 1.48 per cent, with 38 per cent of the accounts paying a rate of one per cent or less... - Saga welcomes Conservatives' saving tax plans - 6th January, 2009
Prudent Minds – number 1 for savings accounts quotes
Saga, a financial services provider which specialises in helping the over-50s, has welcomed the Conservatives' plans to cut the rate of tax paid on savings.
In its magazine, the company said that it welcomed the plans set out by David Cameron yesterday, which will include the scrapping of the basic-rate taxpayers' duty on savings and increasing the level of non-taxable income for pensioners by £2,000 per year... - UK's personal debt increases - 5th January, 2009
Prudent Minds - number 1 for cheap loans quotes
The UK's personal debt has increased by a total of £1 million every ten minutes during 2008, according to figures released by Credit Action today.
Credit Action found that the total amount owed by individual Britons stood at £1,456 billion at the end of November 2008 - an increase of £56 billion on the previous year - despite the fact that the credit crunch has made loans harder to come by in recent months... - Alliance & Leicester offer switching incentive - 5th January, 2009
Prudent Minds - number 1 for internet banking quotes
Alliance & Leicester have announced that they will be offering people in the UK a special incentive to switch their current accounts as many try to get their finances in order following the festive season.
The bank says that people switching to its Premier or Premier 50 current accounts from today will receive a one-off payment of £100... - Iggy Pop 'to sell car insurance' - 5th January, 2009
Prudent Minds - number 1 for cheap car insurance quotes
Customers looking to purchase cheap car insurance could soon find themselves being advised by no less a figure than Iggy Pop.
The Godfather of Punk, who shot to fame with his band the Stooges in the late 60s, has been enlisted for a new advertising campaign by swiftcover.com, part of the AXA group... - State pension 'falls short' - 2nd January, 2009
Prudent Minds – number 1 for pensions advice
People in the UK think the current state pension falls considerably short of what they consider to be a comfortable amount to live off during retirement, according to a survey published today.
The poll, conducted by Friends Provident, found that £832 is the average monthly amount considered enough to live a comfortable retirement - £439 more than an individual pensioner currently receives from the state... - Brits inherit shopping habits from their parents, survey shows - 2nd January, 2009
Prudent Minds – number 1 for balance transfer credit card quotes
People in the UK inherit their shopping habits from their parents, according to the results of a survey conducted by Skipton Building Society.
The poll asked people about their spending patterns and found that more than four in ten adults spend similar amounts of cash in sales as their parents and splash out on luxuries similar to their mothers, fathers and grandparents...