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ICICI have confirmed that their best buy HiSave one-year bond, with a chart topping 7.1% rate will be pulled. In response to the Bank of England base rate cut, they will be offering a new deal that will pay 6.6%. It seems like, for now, the days of 7%+ accounts are over. The Anglo Irish bank have confirmed...
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With all the excitement in the 'borrowing' world due to the recent base rate cut, I wondered what has been happening to the top paying savings accounts?
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It seems that we Brits have been keeping an eye on our savings balance. In the last three months the amount we've added to our savings accounts has slowed down by 34%, however at the same time we are protecting our savings more, withdrawing significantly less than in previous quarters. So although...
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Hi. we have over the £35,000 the secure limit, and would like to move some of it, to get it all under the safe umbrella limit of £35,000 . we reside in Spain and find that most, if not all will no longer allow us to open accounts with them . because we now live abroad .It is in Sterling and...
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Moneyfacts has compiled a full set of listings in respect of which Bank owns which particular Savings Account or Provider. You can find this list by clicking on the following link: http://www.moneyfacts.co.uk/Savings/articles/who-owns-whom-listings.aspx
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For instant access savings accounts, you are able to access your cash immediately either at a branch or via an ATM. No notice savings accounts are usually post, telephone or Internet operated accounts and although no notice is required to withdrawn funds the money is usually transferred through the bank...
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No, when opening a savings account for a child an R85 form must be completed to ensure any interest earned is paid gross.
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Wef means "with effect from" i.e. the date the rate becomes effective. We like to include with effect from rates in our savings best buy charts so that you can see if the savings rate on a partocular product is about to change, rather than be disappointed to find this out after you've opened...
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The Gross and AER rates will be the same if interest is paid annually and there is no introductory bonus or if there is a bonus it is paid for 12 months. The Gross rate will be lower than the AER rate if interest is paid more frequently than yearly i.e. monthly. The Gross rate will be higher than the...
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AER stands for Annual Equivalent Rate. This rate is quoted on interest paid on savings and investments. Interest paid monthly, quarterly or half-yearly represents a higher true rate than the same stated interest rate paid annually. AER allows you to compare interest rates and reflects not just the amount...
