Moneyextra Savings News

Pensions Bill outlined in Queen's Speech

Tue, 05 Aug 2008 11:27:54 GMT

As expected, the Government has included pensions reform as part of the Queen's Speech. It has been confirmed that the state pension age will rise from 65 to 66 between 2024 and 2026 and to 68 by 2

House price growth hits 4-year high

Tue, 05 Aug 2008 11:27:54 GMT

Latest data from the Royal Institution of Chartered Surveyors (RICS) shows house prices are now rising at their fastest rate since 2002. And in London & the South East, they're increasing at thei

Pre-Budget report - See what Brown says, on Moneyextra

Tue, 05 Aug 2008 11:27:53 GMT

Well it's that time of the year again when Chancellor Gordon Brown maps out his framework for next Spring's Budget. And Moneyextra will, as usual, be charting his musings in depth. This year mar

Increase your savings options

Tue, 05 Aug 2008 11:27:53 GMT

Chelsea Building Society has launched two new Fixed Rate Options comprising 1 year and 2 year Fixed Rate versions.The 1 Year Fixed Rate Option (23rd Issue) - set until February 11th 2008 - pays 5.

Woolwich hits mortgage trail again0

Tue, 05 Aug 2008 11:27:53 GMT

Woolwich has announced the launch of a new combination fixed rate and lifetime tracker mortgage. The loan is fixed for the first two years at 5.19% (until January 31st 2009) before reverting to a

Prices still on the rise north of the border

Tue, 05 Aug 2008 11:27:53 GMT

The Scottish house price boom may be over, but prices across the country are still rising, according to the latest Lloyds TSB Scotland House Price Monitor. Whilst the latest quarterly figures disp

Don't succumb to store card sting

Tue, 05 Aug 2008 11:27:53 GMT

Tempting as it may be to open a store card and save on your Christmas shopping, don't fall into the trap of keeping a balance on your card, as this could be a very costly mistake. So says Lisa Tayl

Fight the fraudsters

Tue, 05 Aug 2008 11:27:53 GMT

Customers and banks need to work together to fight financial fraud says Angela Knight, chief executive designate of the British Bankers' Association (BBA). Speaking before the Fraud Advisory Panel

OMAM to limit fund size

Tue, 05 Aug 2008 11:27:53 GMT

Old Mutual Asset Managers (UK) Ltd (OMAM) has announced that in order to ensure its Old Mutual UK Select Smaller Companies Fund is best positioned to continue to deliver strong performance, it will

The fake 'charity' lottery

Tue, 05 Aug 2008 11:27:53 GMT

The Charity Commission is warning against being fooled by a new email scam using the names of two charities. It claims to be run in conjunction with the British Red Cross and Action Against

Interest rates - Two weeks on

Tue, 05 Aug 2008 11:27:53 GMT

Latest data from moneyfacts.co.uk shows that two weeks on from the decision to raise bank base rate by a quarter point, 57% of savings providers and mortgage lenders have yet to announce any changes t

Businesses get Xmas prezzie

Tue, 05 Aug 2008 11:27:53 GMT

Alliance & Leicester Commercial Bank is now offering all businesses who submit a current account application before December 31st an improved rate of up to 5.25% AER if they open a linked Busin

Consumers call for loan shark tax

Tue, 05 Aug 2008 11:27:52 GMT

Many consumers are calling on the Chancellor to use his upcoming Pre-Budget Report to introduce a new tax on companies who sell high interest loans. New research commissioned by accountants and

Mortgages - More rate changes to come?

Tue, 05 Aug 2008 11:27:52 GMT

Three weeks on from the Base Rate increase, latest data from Moneyfacts.co.uk shows that 39% of mortgage lenders and 20% of savings providers have yet to announce any increase to their rates. Compa

Regulator failing consumers?

Tue, 05 Aug 2008 11:27:52 GMT

City watchdog, the FSA (Financial Services Authority), is failing to protect consumers adequately. So says consumer advocate, Which? Which? - a long time critic of the FSA - says the watchdog,

Lloyds TSB launch 'Save the Change'

Tue, 05 Aug 2008 11:27:52 GMT

Lloyds TSB has announced that next year it will be launching a scheme called 'Save the Change'. Every time customers who choose to take part in the scheme use their Lloyds TSB debit card, the amo

Mortgages - A place for HLCs?

Tue, 05 Aug 2008 11:27:52 GMT

Despite the Portman Building Society announcing last week that it would no longer apply a higher lending charge to its fixed rate mortgage range, more than three quarters of mortgage lenders still cha

A month of rising mortgage rates/fees

Tue, 05 Aug 2008 11:27:52 GMT

Latest data from financial information provider, Moneyfacts.co.uk, shows that although many mortgage lenders have now increased their standard variable rates, revised their mortgage ranges and increas

House prices ease off in October

Tue, 05 Aug 2008 11:27:52 GMT

The Department for Communities & Local Government (DCLG) reports average house prices dropped by 0.3% from September to £197,987. However, the annual rate of house price inflation continued to ris

Property price inflation focused on first time buyers

Tue, 05 Aug 2008 11:27:52 GMT

Over the 12 months to November 2006, the average first-time buyer property value searched against on Moneyextra.com's mortgage comparison tool rose by 14.05% to £182,113 - that's more than twice the r

House prices up 5.7% over the year

Tue, 05 Aug 2008 11:27:52 GMT

Average house prices grew by 0.3% over December, down from 0.6% in November, according to the latest monthly housing market survey by Hometrack, the housing information business. The growth over Decem

Financial compensation service handles 22,000 claims

Tue, 05 Aug 2008 11:27:51 GMT

The Financial Services Compensation Scheme (FSCS) improved its service to consumers while cutting its costs during 2007/08, according to its annual report out today. At the same time, the Scheme passe

Halifax unveils market leading student account

Tue, 05 Aug 2008 11:27:51 GMT

Halifax today announces details of its new market leading Student Current Account offering. Applications for the new account can be made from Monday 4th August 2008. The account is available to both

Britannia launches new inflation linked bond

Tue, 05 Aug 2008 11:27:51 GMT

Britannia has launched a new range of Guaranteed Capital Bonds, including a brand new inflation-linked product. Available from 26 July, the new five year Inflation Linked Guaranteed Capital Bond (ILG

House prices fall one per cent in June

Tue, 05 Aug 2008 11:27:51 GMT

Average house prices in England and Wales fell one per cent in June, taking the average price to £180,781, according to the latest figures from Land Registry. Annual house price growth sh