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News in Banking
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Brits 'do not tell lenders about financial problems'
The majority of people in financial difficulty fail to inform lenders about their problems, it has been found. More »
Banking - Thu 2 Sep 2010
Expats 'face fewer financial worries'
British expats are finding that living overseas allows them to avoid the financial worries plaguing the UK, it has been suggested. More »
Banking - Tue 31 Aug 2010
Introductory rates 'are more appealing'
A sector expert has explained how some of the best rates for bank customers are introductory ones. More »
Banking - Fri 27 Aug 2010
Investors 'should only hold gold in small quantities'
Investors should only place a small amount of their portfolio in gold, according to one sector expert. More »
Banking - Thu 26 Aug 2010
Brits 'stick with bank accounts longer than partners'
The average British saver stays with their bank longer than they are in a relationship with a partner, it has been claimed.
Research published by Santander Current Accounts suggested that Brits tend to stay with the same bank for 16.5 years, while their longest relationship lasts 14.1 years on average.
The poll also discovered that savers in the south-east are the most loyal to their current account, holding the same one for 17.7 years, while people in Wales are the most likely to change, remaining with their account for 15.3 years.
In addition, the survey revealed that 18 per cent of savers have stuck with their current account for more than 30 years.
Helen Bierton, head of Santander Current Accounts, commented: "When it comes to current accounts, people often stay with the same provider, even though it might not be the most competitive, because the prospect of switching to a new current account can be daunting."
Recent research from Gocompare.com found only 10.1 per cent of savers have looked for a better bank account in the last 12 months.
More »
Banking - Mon 23 Aug 2010
Brits 'need to look for best financial deals'
New research has shown that 12.8 million Brits have not switched any of their financial products in the past year, despite feeling the pinch of the adverse economic climate. More »
Banking - Thu 19 Aug 2010
Isa savers 'missing out on £362 million in interest'
Brits could lose out on more than £360 million this year by failing to use their full Isa allowance, it has been claimed. More »
Banking - Wed 18 Aug 2010
Diversified portfolios 'important for investment'
Savers who are looking to invest their money because of low interest rates should attempt to build a diversified portfolio, according to an expert. More »
Banking - Fri 13 Aug 2010
HMRC warns of new tax rebate scam
The UK's savers have been warned of a scam in which thieves are calling victims pretending to be taxmen. More »
Banking - Fri 13 Aug 2010
Investors 'moving away from cash'
The majority of savers are looking for investments other than cash while the Bank of England's base rate sits at 0.5 per cent, it has been found. More »
Banking - Wed 11 Aug 2010
Public sector workers 'should think about saving'
People should be motivated to save more by the looming cuts in public sector spending, according to an expert. More »
Banking - Tue 10 Aug 2010
CTF contributions continue to increase
Parents are continuing to invest in child trust funds (CTFs) despite government plans to scrap the products, it has been revealed. More »
Banking - Tue 10 Aug 2010
More than £42m 'lost down back of sofa'
Brits could be sitting on more than £42 million which has been lost down the back of their sofas, a new study has claimed. More »
Banking - Tue 10 Aug 2010
Savers 'showing increased pessimism'
New research has found that UK consumers are growing more pessimistic about their opportunities to save in the future. More »
Banking - Thu 5 Aug 2010
Bank 'unlikely to move from 0.5% base rate'
The Bank of England is unlikely to increase the base interest rate in the near future, an expert has argued. More »
Banking - Wed 4 Aug 2010
Child trust fund scrap 'will not affect many'
The coalition government's decision to scrap child trust funds will not make a great deal of difference to many parents, an expert has argued. More »
Banking - Tue 3 Aug 2010
Brits 'confused by financial deals'
A new survey has shown how Brits find it difficult to understand financial management. More »
Banking - Tue 3 Aug 2010
Low interest rates 'require action from savers'
Savers have to prepare for the fact that interest rates look set to remain low for some time to come, it has been suggested. More »
Banking - Tue 3 Aug 2010
Students 'need to find best overdrafts'
Those heading off to university next month should start studying now to find the best bank accounts, it has been suggested. More »
Banking - Tue 3 Aug 2010
