Money Saving News for October 2008
- Darker evenings 'will push up road accidents' - 23rd October, 2008
Prudent Minds – number 1 for cheap car insurance quotes
The arrival of darker evenings is likely to cause an increase in the number of claims being made on cheap car insurance policies, it has been claimed.
According to More Th>n Business, there is usually a five per cent surge in claims during the two weeks either side of the daylight saving changeover... - Credit card providers 'putting up balance transfer fees' - 22nd October, 2008
Prudent Minds – number 1 for balance transfer credit cards
Credit card providers are making more money out of consumers during the credit crunch by hiking their balance transfer fees, it has been claimed.
According to uSwitch.com, 91 per cent of balance transfer credit cards now levy a fee, compared to 29 per cent in 2005... - Commercial property demand falling - 22nd October, 2008
Prudent Minds – number 1 for property investments
Demand for commercial property investments has "pretty much dried up", according to a property economist at Capital Economics.
Ed Stansfield said tighter lending conditions mean those who do want to buy commercial property are finding it increasingly difficult to do so... - Car insurance costs 'will keep rising' - 21st October, 2008
Prudent Minds – number 1 for cheap car insurance quotes
Motorists are likely to find it increasingly difficult to secure cheap car insurance premiums, according to the AA.
Its benchmark British Insurance Premium Index shows that the average quoted premium for an annual comprehensive insurance policy has increased by £22 over the past quarter... - Personal loan rates 'still increasing' - 21st October, 2008
Prudent Minds – number 1 for cheap loans
Despite a half percentage point cut by the Bank of England earlier this month, lenders are still putting up interest rates on personal loans, it has emerged.
According to uSwitch.com, two personal loan providers have increased their rates by up to 4.8 per cent in the last two weeks... - House prices to fall back to 2003 levels - 20th October, 2008
Prudent Minds – number 1 for property investments
People planning property investments may be interested to hear that UK house prices are expected to fall back to the levels seen in September 2003 before they stage any kind of recovery.
This is the prediction of the estate agents Knight Frank, which believes prices will fall 30 per cent from their peak over the next two years and are unlikely to rise again until 2010... - Motorists downsizing to save money - 20th October, 2008
Prudent Minds – number 1 for cheap car insurance quotes
As the credit crunch continues to bite, motorists are downsizing in a bid to save money on petrol, road tax and car insurance, new research shows.
According to a survey carried out by EurotaxGlass's, over one-third of drivers are looking to cut costs by purchasing smaller, more fuel-efficient models... - ISA savings 'seven times higher' than in 2000 - 20th October, 2008
Prudent Minds – number 1 for savings accounts
The value of savings held in individual savings accounts (ISAs) in the UK stood at £207.8 billion at the end of the last tax year, according to research from Halifax Bank of Scotland (HBOS). This is a seven-fold increase on the £28.6 billion recorded in 1999-2000.
Using data from HM Revenue and Customs and the Department for Work and Pensions, HBOS calculated that during the financial year 2007-08, there were 14.7 million active ISA accounts, up from 9.3 million eight years ago... - Internet banking customers unable to access accounts - 17th October, 2008
Prudent Minds – number 1 for internet banking
Customers of the internet bank Cahoot were unable to access their accounts for over a day following a power cut in Spain.
The outage affected the Spanish bank Santander, which owns Cahoot. Website access was blocked for most of Wednesday and Thursday morning... - Cameras fail to deter speeding drivers - 17th October, 2008
Prudent Minds – number 1 for cheap car insurance quotes
The country's network of speed cameras fails to deter almost three-quarters of drivers, according to a new survey by The Co-operative Insurance.
Just 27 per cent of drivers polled said they never break the speed limit, while 19 per cent confessed to speeding at least once a day...