Posts Tagged ‘savings’
HSBC reunites customers with £10.4 million
HSBC has reunited customers with £10.4 million held in lost or forgotten bank accounts.
The bank, which started searching out owners for unclaimed funds in September 2008, said over 7,000 customers have been reunited with dormant accounts.
The average money in each account was £1,400.
People in London are the most forgetful about money left in bank accounts, [...]
Top ISA deal pays 3.5%
Santander’s ISA has been rated top in Moneynet.co.uk’s best buy charts.
The ISA, paying 3.5%, pipped Barclay’s offering to the top spot.
Both Barclays and Santander are paying high rates than the best one-year fixed-rate ISAs.
“The Isa market is really taking shape as we approach the annual hot bed of activity as providers look to lure savers [...]
Consumer borrowing surges in January
Figures from the Bank of England today revealed that British consumers borrowed £500 million in January through credit cards, loans and overdrafts, once repayments were taken into account – the highest level since November 2008.
According to the Bank, the increase was almost double the £265 million rise seen in the previous month December, and comes [...]
270,000 civil servants to stage 48-hour strike
Up to 270,000 civil servants are to stage a 48-hour national strike next month in a dispute over redundancy pay.
The walkout, which will take place on 8 and 9 March, will involve job centre staff, tax workers, coastguards, border agency officials, courts staff and driving test examiners.
If a satisfactory outcome is not reached then [...]
Proposed Child Trust Fund cuts leave parents fuming
Middle class parents are outraged at plans by the Conservative Party to limit Child Trust Funds (CTFs) to the poorest families if they win the next election.
Research by Family Investments found that eight in ten parents do no support the plans, announced by shadow chancellor George Osbourne earlier this month.
The study found that 96% of [...]