Money Saving News for May 2009
- Abbey balance transfer credit card relaunched - 11th May, 2009
Abbey's popular balance transfer credit card, the Zero Card, will be relaunched today, the bank has announced.
The award-winning card offers customers zero per cent interest on balance transfers for the first 12 months and interest rates of zero for all purchases during the first three months... - Cheaper utility bills 'may be around the corner' - 8th May, 2009
Utility bills in the UK may be set to get cheaper according to uSwitch.com.
Following the announcement by British Gas that it is to cut its electricity prices by ten per cent, the website asked whether other electricity and gas suppliers will follow suit... - AA warns cyclists to check insurance - 8th May, 2009
Following the second theft of David Cameron's bike in the space of 10 months, the AA has warned people to check their home insurance policies to see if their bicycles are covered.
The home insurance provider said that it is unclear whether the Tory Party leader's bicycle would be covered by a home insurance policy as it was left chained to the railings outside his house... - Leeds Building Society savings account in the UK 'hits record' - 8th May, 2009
A savings account in the UK offered by Leeds Building Society has achieved record levels of popularity, the firm has announced.
Kim Rebecchi, director of sales and marketing for the building society, said that an unprecedented number of people have opened instant access savings accounts with Leeds Building Society in recent months.
She attributed the popularity of the account to the falling base rate, which currently sits at 0.5 per cent. By comparison, Leeds Building Society's instant access savings account offers a rate of up to 2.5 per cent... - Alliance & Leicester launches new savings account option - 8th May, 2009
A new savings account option has been launched in the UK by Alliance & Leicester, in the form of a nine-month, fixed-rate business bond.
The bond will be made available to those with between £50,000 and £2 million to invest and will pay interest at a rate of 2.81 per cent. Customers will see their investment mature on March 1st 2010... - Abbey brings back savings account option to the UK - 7th May, 2009
Abbey has announced that it is bringing back one of its savings accounts to the UK due to popular demand.
The bank said that the savings option, a two-year, fixed-rate bond paying an interest rate of 4.01 per cent, will be returned as a limited offer, meaning that customers will be able to take advantage on a first come, first served basis... - Nationwide makes cheap loans available - 7th May, 2009
Nationwide has announced that it has lowered the interest rates on some of its personal loans, making it easier for UK consumers to borrow cheaply.
The building society announced that personal loans of between £7,500 and £14,999 will now charge a typical annual percentage rate (APR) of 7.9 per cent, as opposed to its previous typical rate of 8.2 per cent APR... - FairFX offers 'cheap bargain deal on currency' - 7th May, 2009
People in the UK looking for money saving tips when booking their holidays may want to take advantage of a cheap bargain deal currently being offered by the foreign exchange website FairFX.
The provider announced recently that it is currently offering $1.5 for every £1 that users trade, which it claims is one of the best exchange rates currently on the market... - Moneynet.co.uk recommends savings accounts in the UK - 6th May, 2009
A list of the best savings accounts in the UK has been published by the financial advice website moneynet.co.uk.
According to the website, the best regular savings account currently on offer is the Barclays Monthly Saver, which pays interest at a rate of six per cent for a period of one year... - NatWest 'not giving impartial money saving tips' - 6th May, 2009
NatWest has not been delivering the impartial money saving tips that it promised in its MoneySense campaign, according to the consumer magazine Which?.
Researchers from the magazine attended 20 of the sessions, which give the general public a chance to talk to a supposedly impartial financial adviser for free in a NatWest branch...