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Savers won’t find an i...
Basic rate taxpayers need to find a savings account paying interest of more than5.0% to cancel out inflation and tax. Banks and building societies offering around 3.5% interest rates before tax aredoi...
Interest only borrowers at r...
Debt charities have warned that millions of ‘interest only’ borrowers could struggle to keep up their mortgage repayments if interest rates were to rise. Even a small increase in interest...
Consumer confidence up but o...
Consumer morale saw a limited recovery in March, according to new figures from Nationwide Building Society. Nationwide’s consumer confidence index, which uses survey results to assign a scaled n...
Credit card charges to be ba...
Changes coming into force later in 2011 will see Bank of Scotland credit card customerspaying interest charges based on their personal usage levels. The Scotsman reports that fromAugust, ‘borrow...