09/03/2010 by bill.

Earn a market-leading rate of 5.00% AER (variable) on balances up to £2,500. After one year, 1.00% AER (variable) applies. Balances over £2,500 earn 0.10% AER (variable).Switch to the Alliance & Leicester Premier Direct current account now!

More about bank accounts from moneyjungle.net

Posted in Banks, Bank accounts | Print | No Comments »

16/02/2010 by bill.

HSBC Advance is available for £6 a month for the first three months from account opening, after which you will pay the full monthly price, currently £12.95. HSBC Advance has an initial 12 month contract and is then renewable monthly. Benefits include:

· Worldwide Travel Insurance for you and your family - Policy terms and conditions apply. Only available for customers under the age of 70 and provided by Aviva Insurance UK Limited.

· Roadside Breakdown Assistance - Policy terms and conditions apply. Underwritten by Mondial Assistance Europe N.V.

· ID theft and personal safety assistance provided by Red24.

· Life Cover of £3,000 – Available for customers under the age of 65. Policy terms and conditions apply and provided by HSBC Life (UK) Limited.

· Text banking only available to UK residents

· Dedicated HSBC Advance specialists on hand 24/7

· Preferential overdraft rate of 17.9% EAR variable. Subject to status

· Preferential terms on savings and mortgages

· Money-saving travel and leisure offers

More

More about Bank Accounts from moneyjungle.net

Posted in Banks, Bank accounts | Print | No Comments »

01/12/2009 by bill.

HSBC has now extended its £50 cashback offer to HSBC Bank Account customers as well as HSBC Bank Account Plus customers.

The HSBC Bank Account boasts the following features:

- Overdraft facility with a rate of 19.9% EAR variable
- Manage your money with free 24/7 Internet Banking*, pay bills and make payments securely.
- Monthly statements (or Go Green to save paper and view your statements online)

More

More about selecting a bank account

Posted in Banks, Bank accounts, Current accounts | Print | 1 Comment »

25/11/2009 by bill.

The Supreme Court has ruled in favour of the banks in their appeal against previous court rulings that allowed the Office of Fair Trading to investigate the fairness of unauthorised overdraft charges.

The ruling will come as a blow to the millions of bank customers who have complained about unauthorized overdraft fees that are generally £30 or more everytime you go over your overdraft limit. Many of them were seeking compensation that could cost the banks billions of pounds.

Prior to the ruling the OFT had said if it lost the case it would seek other ways of investigating overdraft charges and the Supreme Court has stated that the OFT could still scrutinise the charges under other regulations but ruled out an appeal to the European Court of Justice.

It is not clear where this leaves the many bank customers who have already submitted claims and the many more who would have done so had the ruling gone the other way but click here to see our current advice.

Posted in Banks, Bank accounts, Bank charges | Print | No Comments »

01/08/2009 by bill.

From the 1st August the HSBC Current Account Plus offer will be improving for consumers with a three month introductory rate of just £6.47 per month for the first three months, followed by £12.95 monthly thereafter.

Get up to £395 of benefits

-Worldwide travel insurance for you and your family

-Roadside breakdown assistance 24 hours a day

-ID theft assistance and Personal safety assistance with red24

-Life cover with £3000 benefit

…all come as standard.

More

More Bank Accounts

Posted in Banks, Bank accounts | Print | No Comments »

15/05/2009 by bill.

Zopa is the online marketplace where people meet to lend and borrow money. The easiest way to describe it is like eBay for money - lenders lend money, borrowers borrow money, and by cutting out the banks, everyone gets a better deal.

If you’re looking for a loan, you will get a competitive rate and Zopa do not have any sneaky fees or penalties if you want to repay early. Plus, you get that warm feeling inside, knowing that your repayments are helping real people rather than the fat cats.

Or, if you have got some spare cash and fancy making a return, why not try lending at Zopa? Zopa credit-score and risk assess every borrower, you can lend each borrower as little as 10 pounds to minimise risk and all payments are collected on your behalf.

***Click here to join***

Click here if you are looking for a loan

Posted in Banks, Loans, Save money | Print | No Comments »

16/04/2009 by bill.

In February the Appeal Court threw out an appeal by eight banks against a High Court ruling that the OFT can investigate the fairness of overdraft charges.

The ruling paves the way for millions of pounds worth of refunds, however for the time being thousands of claims for compensation will remain frozen pending an appeal by the banks to the House of Lords. It is estamated that around 1 million people have submitted claims for compensation.

Anyone who feels that charges on their overdrafts were unfair should still start the process od claiming by writing to their bank, that way they will be in the queue when any process of refunds starts. The Financial Ombudsman website advises how to go about this.

For more information about banks and bank charges see moneyjungle.net

Posted in Banks, Bank charges | Print | No Comments »

16/01/2009 by bill.

The Irish Republic government has decided to nationailse the Anglo Irish Bank rather than recapitalise it as previously planned. The Ministers statement says that the funding position of the bank has weakened and unacceptable practices that took place within it have caused serious reputational damage to the bank at a time when overall market sentiment towards it was negative. Accordingly the Government believes that the recapitalisation is not now the appropriate and effective means to secure its continued viability. Therefore the Government must move to the final and decisive step of public ownership.

Many UK savers invested savings with the bank after the Irish Government stepped in to guarantee deposits before the UK government improved the UK Financial Services Compensation Scheme. They have also been attracted by relatively high returns particularly on fixed rate bonds.

The Irish government says that customers of Anglo Irish Bank can be assured that the full amount of their deposits and savings are further safeguarded by this action.

Click here for the Ministers Statement.

See moneyjungle.net for information on choosing a savings account.

Posted in Banks, Savings | Print | No Comments »

29/12/2008 by bill.

For more about Bank Accounts including claims for refunds of unfair charges see moneyjungle.net

Posted in Banks, Bank accounts, Bank charges | Print | No Comments »

08/10/2008 by bill.

ING Direct UK is taking over £3b of savings held by UK savers in the Icelandic bank Kaupthing Bank hf UK arm Kaupthing Edge and in the Heritable Bank.

Click here for inforamtion about deposits taken over by ING Direct

The Treasury confirms that the Heritable retail deposits will be transferred to ING Direct and says that the FSA has determined that Heritable no longer meets its threshold conditions, and is likely to be unable to continue to meet its obligations to depositors. The FSA concluded that it is in default for the purposes of the Financial Services Compensation Scheme. The Treasury has used the Banking (Special Provisions) Act 2008 to ensure a resolution that preserves financial stability and provides protection and continuity of business for depositors.

The Treasury also confirms that the Chancellor has taken action today to protect the retail depositors in Kaupthing Singer & Friedlander, a UK-based banking subsidiary of Kaupthing Bank. He has taken this action to ensure the stability of the UK financial system. Savers’ money is safe and secure.

Kaupthing Singer & Friedlander (KSF) is regulated by the FSA. The FSA has determined that Kaupthing Singer & Friedlander no longer meets its threshold conditions, and is likely to be unable to continue to meet its obligations to depositors. The FSA concluded that KSF is in default for the purposes of the Financial Services Compensation Scheme. The Treasury has used the Banking (Special Provisions) Act 2008 to ensure a resolution that preserves financial stability and provides protection and continuity of business for depositors.

KSF’s Kaupthing Edge deposit business has been transferred to ING Direct, a wholly-owned subsidiary of ING Group, which operates through its branch in the UK. ING Direct is working to rapidly ensure that it is business as normal for all customers.

This action by the Tripartite Authorities protects savers’ money and provides certainty for retail depositors. The transfer of the retail deposit books has been backed by cash from HM Treasury and the Financial Services Compensation Scheme.

For information and advice on selecting the right savings account for you see moneyjungle.net

Posted in Banks, Savings | Print | No Comments »