June 2010
Safe haven bank accounts recommended
(June 16, 2010)Bank account customers should be offered ‘safe haven’ accounts that garentee their money is only being invested in safe assets.That is one recommendation from the Future of Banking Commission founded by consumer body Which? and led by
UK economic growth predictions slashed
(June 16, 2010)The growth forecasts for the UK economy have been slashed as the government's new independent watchdog has reassessed the figures in light of the damage caused by the recession. The Office of Budget Responsibility has downgraded the
BRC: credit card payments costing shops too much
(June 16, 2010)Credit card customers could be paying out more, because banks are charging shops too much for accepting their payments.That’s the view of the British Retail Consortium (BRC).It says banks charge up to 17 times more for retailers
Plan ahead for petrol stops and travel money
(June 14, 2010)Holiday makers taking their car to the continent are being urged to think tactically when deciding where to fill up their petrol tank.A new survey by the Post Office has found that there while prices in general
Savers need to search for the best bank accounts
(June 14, 2010)The nations savers, already hard pressed by low interest rates, have taken another hit as banks and building societies have withdrawn some of their highest paid ISAs and savings accounts.According to the Daily Telegraph the shake-up is
Help those without bank accounts
(June 10, 2010)A consumer group is calling for the government to do more to address the needs of people that do not have access to mainstream banking.According to Consumer Focus, nearly a million people do not have access to
Paid-for bank accounts now the norm
(June 10, 2010)New research has found that the number of paid-for current bank accounts has overtaken the more traditional free bank accounts for the first time ever.According to personal finance researchers Defaqto there has been a 94 per cent
OFT makes credit card comparison easier
(June 9, 2010)Credit Card lenders are to change the way that they conduct credit checks in order to make it easier for UK consumers to shop around for the best deals.According to the Financial Times, the Office of Fair
Currency brokers recommend prepaid cards
(June 9, 2010)The government's plans for huge spending cuts could mean massive increases in the cost of overseas holidays unless consumers take action to avoid being stung.The Daily Telegraph reports that the threat of cuts has forced sterling lower
More credit card deals hit the market
(June 9, 2010)Competition is hotting up in the credit card market with a huge increase in the number of companies offering zero per cent interest credit card deals.According to financial information firm Moneyfacts there has been a 450 per