Banks are desperately trying to weed out bad debts and as a result some borrowers are facing the prospect of having to repay their debts early and suffer pre-emptive cuts in their borrowing. It has become increasingly apparent in recent months that banks have become extremely wary of bad debt and in response to this [...]

In a move to repay government lending, Northern Rock are set to slash 60% of their home loan customer base. Since the government bailed out the beleaguered lender earlier this year, it has been holding £24bn of government funds, a figure it aims to reduce to £1bn by 2009.  It aims to do this by [...]

There was a record number of savers depositing their money in building societies following the Northern Rock crisis last September. Net receipts for building societies nearly doubled in September when compared with 12 months before, shooting up by 181% to 2.8bn. This figure is more than double the amount of money deposited in building societies [...]

Mortgage payers will mostly be more than aware of the number of interest rate changes that have occurred over recent months than non-homeowners. However, the interest rates that are being offered on fixed rate savings are still good, despite the recent base rate drop of a quarter per cent. Things are looking pretty glum for [...]

If you are a Halifax Bank of Scotland customer, there are a couple of points to look out for, according to a new survey published by the Daily Mail. For example, Halifax Bank of Scotland offers the best rate on high interest current accounts with a whopping 6% on balances up to £2,500 before tax. [...]

A new survey published by the Daily Mail has found some very interesting offers that are available at the moment from Barclays. While some of the deals that are offered by Barclays are among the best in the market, the survey also found some very poor offerings from the company. For example, if you are [...]

You know that feeling when you go to do something at your bank and feel like you’re being rude for asking them? The clerks don’t know who you are and for the most part don’t really care. Well there is an alternative type of bank out there. This is called a credit union and you [...]

If you are a Halifax Bank of Scotland customer, there are a couple of points to look out for, according to a new survey published by the Daily Mail. For example, Halifax Bank of Scotland offers the best rate on high interest current accounts with a whopping 6% on balances up to £2,500 before tax. [...]

With the announcement from HSBC that they will be ending free overdraft accounts for graduates, students across the country are seeking advice on how to clear their overdrafts as well as their credit card debts. Although HSBC is one of the big banks in the country there are other banks that are offering graduate students [...]

Data from a price comparison site, uSwitch, has revealed that banks are making £52 million extra by increasing overdraft rates.  These figures show that within the last six months banks and building societies have increased the cost of authorised overdraft rates by 0.93% on average. Typically consumers are charged interest in double-digits for using authorised [...]