Money Saving News for March 2009
- 'Over a million' building society accounts opened in 2008 - 2nd March, 2009
It has been claimed that building society savings accounts in the UK are still proving popular, despite low interest rates.
Adrian Coles, director general of the Building Societies Association (BSA), says that 1.2 million new accounts were opened over the last 12 months, even though the incentive to save has been reduced by low rates... - Bank of England will not limbo lower than 0.5%, economist says - 2nd March, 2009
A Lloyds TSB economist has claimed that there is little chance of the base rate falling below 0.5 per cent.
Trevor Williams has forecast that 0.5 per cent is as low as the Bank of England will go due to the effect it will have on the money markets... - Youngsters becoming 'serious savers by the age of 7' - 2nd March, 2009
It has been claimed that children are becoming fiscally aware at a younger age.
Wendy van den Hende, chief executive of the Personal Finance and Education Group (PFEG), has claimed that today's intricate financial world is turning youngsters into efficient "money managers"... - Yorkshire Building Society cuts mortgage rates - 2nd March, 2009
Lender Yorkshire Building Society has announced a new two-year fixed-rate mortgage.
Anyone looking for a home mortgage can fix the loan at 3.69 per cent, providing their loan-to-value (LTV) ratio does not exceed 60 per cent, while there is a fee of £495 attached...