Investment bonds are the perfect way to combine security with a return that can be better than a cash account – provided you can leave your money invested for an agreed term of up to 5 years. This week Coventry Building Society has unveiled a 1-year bond investment offering 3.11%. Read More
The Office of Fair Trading (OFT) has decided not to pursue further its attempt to investigate the fairness of bank overdraft charges on current accounts, following a Supreme Court judgement against it last month.
The Office of Fair Trading is considering its options in relation to pursuing UK banks over bank charges it regards as unfair, and has expressed the intention to reveal its next move during December. This follows a Supreme Court ruling on 25 November which found that the Office of Fair Trading did not have power to [...]
Banks are currently rethinking their strategy on current accounts, as part of a larger plan to seek new revenue streams in the current difficult climate. Â This may mean an end to free banking services, and in particular free current accounts, as charges are stepped up to anticipate the possible loss of other revenue sources currently [...]
Investment bonds have become much more popular in recent months as a vehicle for growth or income. With the decrease in interest rates and the decrease in income for many savers and investors, investment bonds have become a more popular investment vehicle for many. The ability to take a 5% income as a capital withdrawal [...]
