Negative interest rates: BoE tells banks to prepare – what it would mean for savers
NEGATIVE interest rates are in the Bank of England’s “toolbox”, Bank of England Governor Andrew Bailey confirmed in August 2020. The Bank Rate is being held at 0.1 percent, it was confirmed today, however there has been an update following a consultation regarding negative interest rates. What do negative interest rates mean for savings and […]
RBS customers are being offered chance to earn 3% interest on savings – are you eligible?
RBS, WHICH stands for Royal Bank of Scotland and is part of the NatWest Group, is exclusively offering its current account customers the opportunity to earn three percent interest on savings. Daily Express :: Finance Feed
Nationwide customers can get 2% interest rate but Britons may want to note key date
NATIONWIDE is offering customers the opportunity to earn two percent interest on balances up to £1,500. However, current account holders may want to note a time limit on how long this fixed rate lasts which has been set by the building society. Daily Express :: Finance Feed
Negative interest rates ALERT: Warning emergency measures needed for ‘full recovery’
NEGATIVE interest rates have been a topic of speculation in recent months, however, a policymaker has suggested such a move could be necessary in order for the UK to achieve economic recovery. Daily Express :: Finance Feed
HSBC warning: Bank slashes interest rates on Regular Saver account from 2.75 to 1 percent
HSBC AND First Direct customers should pay attention, as the banks have cut the interest which is paid on their regular savings accounts. Daily Express :: Finance Feed
Interest rates held at historic low as Bank of England adds extra £150billion into economy
THE BANK of England Base Rate is to continue being maintained at a historic low of 0.1 percent, despite fears negative interest rates could be looming. The Bank of England has also expanded its quantitive easing programme to boost the economy by another £150billion. Daily Express :: Finance Feed
Negative interest rates: How will savings, mortgages & pensions be affected by BoE option?
NEGATIVE interest rates could be introduced soon as the Bank of England is set to unveil their latest base rate decision tomorrow. While deemed by many to be unlikely, the central bank has acknowledged in recent weeks that negative rates could be introduced if warranted and this could have a drastic impact on the economy. […]
Martin Lewis explains how to ‘protect’ savings as he addresses negative interest rates
MARTIN LEWIS, the founder of Money Saving Expert, was back on the airwaves today to share his latest money saving tips and insights – and this afternoon, he spoke about the prospect of negative interest rates in the UK and the impact it could have on savings. Daily Express :: Finance Feed
Negative interest rates warning as experts report UK on track for ‘twilight zone’
NEGATIVE interests rates warnings have been issued after the Bank of England released a letter to commercial banks to gauge their preparedness amid the ongoing coronavirus pandemic. Daily Express :: Finance Feed
ISA rates: The account that’s seen an interest rate increase – details on eligibility
ISA and savings accounts are struggling at the moment as interest rates remain at near zero levels. Despite this, at times savers may be able to find some good news in the savings market and new analysis from moneyfacts.co.uk has revealed an account which has actually been boosted in recent days. Daily Express :: Finance […]