Money Saving News for June 2009
- Barclaycard to increase contactless credit cards - 4th June, 2009
Barclaycard has announced that it will be extending the rollout of its contactless credit card technology to more of its customers in the UK.
The credit card provider will be handing out contactless enabled cards to Barclaycard Gold and Classic cardholders who renew their credit cards from this point on... - ISA savings accounts 'disappearing' - 4th June, 2009
Many ISA savings accounts with "attractive" interest rates are being withdrawn from the market, according to research released recently.
The study, conducted by Moneynet.co.uk, revealed that in the last seven days many of the best performing ISA savings accounts have been withdrawn or had their interest rates cut.
Those on the chopping block included the Barclays Golden ISA savings account, which has seen its interest rate drop from a "table topping" 3.61 per cent to a "mediocre" 2.58 per cent... - HSBC relaunches rate matcher fixed-rate mortgage - 4th June, 2009
Fixed-rate mortgages from HSBC may be set to become cheaper in the future as the bank has recently relaunched its rate matcher mortgage.
This product offers to match the interest rates offered by any other bank's mortgage package, down to a minimum of 2.49 per cent. This rate can then be fixed for up to five years... - Cheap loans 'may be returning' - 3rd June, 2009
Statistics from the Bank of England reveal that lending in the UK has picked up slightly recently, suggesting that cheap loans may be returning to the market.
The bank's latest official statistics, released yesterday, show that the increase in net lending secured on dwellings for April was £1 billion, making it higher than the March increase of £0.6 billion... - Money saving tips for utility bills offered - 3rd June, 2009
Consumers who feel they are paying over the odds on their utility bills may want to take a series of money saving tips from uSwitch.com into account.
The website conducted research which revealed that as many as 12.5 million customers in the UK may be paying too much every time their utility bill comes around because they are on standard tariffs, rather than taking advantage of web-based special offers... - Scottish Widows: Saving needs to be encouraged - 3rd June, 2009
Scottish Widows has called for measures to be put in place to encourage people to make more use of savings accounts in the UK.
Research conducted by the financial services provider revealed that 31 per cent of people in the UK currently consider that high taxes are a barrier preventing them from saving as much as they would like to... - Cost of living 'prohibits saving' - 3rd June, 2009
Savings accounts in the UK may be being used less, as a survey shows that people are finding the cost of living is making it difficult to save.
People in the UK are finding that increases in the cost of living are making it harder to save, according to research published by Scottish Widows... - Nationwide announces new overdraft rate - 2nd June, 2009
One basic bank account from Nationwide will soon charge customers less for going overdrawn, the building society has announced.
Nationwide's FlexAccount - a basic bank account which includes features such as access to internet banking - will charge those who dip into their authorised overdraft interest at a rate of 18.9 per cent.
Those who go over their authorised limits will not see this rate increase... - New savings account alternative launched in the UK - 2nd June, 2009
Santander is launching a new range of fixed-rate bonds, offering an alternative to savings, accounts in the UK.
The Spanish banking brand, which currently operates under the names Abbey, Alliance & Leicester and Bradford & Bingley in the UK, claims that the new offerings will offer savers "excellent value"... - Home contents insurance special offer launched - 2nd June, 2009
Home contents insurance may be set to get cheaper for people in the UK this summer, as Direct Line has announced the launch of a special offer.
The deal, available until September 30th, will offer new customers joining Direct Line a 50 per cent discount on their home contents insurance policies. The company is also offering further discounts for those who purchase multiple policies...