January 30, 2009
Mylostaccount.co.uk proves popular
Story link: Mylostaccount.co.uk proves popular
The UK has been subject to huge amounts of fraud over the last couple of years, but that doesn’t mean that all lost accounts are directly related.
Anyhow, certainly a good online tool, and will probably saves the banks a lot of time in the customer services department!
Mylostaccount.co.uk proves popular
An online tool that enables savers to [...]
Worst Credit Crunch Ever
Story link: Worst Credit Crunch Ever
The worst slump ever, and that is just so far, potentiall even worse to come in the future.
This month we have reported a slight increase in mortgage approvals, which may do something to stabilise the market, but where do the savers fit in to the big government plans?
Worst Credit Crunch Ever
Gordon Brown yesterday admitted Britain [...]
Wealth workout
Story link: Wealth workout
The UK’s Financial Services Compensation Scheme, like many financial services in the UK lately, has proved fruitless, and absolutely useless to its customers.
Wealth workout
More than 500,000 savers have been sent letters by the Post Office, telling them that they are no longer covered under the UK’s Financial Services Compensation Scheme (FSCS) but instead are covered [...]
January 28, 2009
Lack of Stability for Post Office savers
Story link: Lack of Stability for Post Office savers
Another blow to the minority that is the savers in the UK. There is now literally no incentive to save money, with interest rates being so low, and not the Financial Services Compensation Scheme basically being dropped.
Lack of Stability for Post Office savers
Customers received letters earlier this month telling them that their money was no [...]
January 13, 2009
Savings rate at five year low
Story link: Savings rate at five year low
It sort of makes you wonder why people are saving, but of course, people aren’t necessarily saving, but more likely to be stock piling their cash in a ‘safe’ place, or so they think.
I think we will be seeing a huge reduction in savings accounts over the coming 12 months as people look at alternative [...]
January 10, 2009
What can savers do?
Story link: What can savers do?
The interest rate is so low, that its starting to deter people from cashing their hard earned their and instead looking for higher risk investments. The interest rate, even on huge amounts of cash, will provide pathetic returns
What can savers do?
I can see what is going in the economy, both here and elsewhere. A dangerous [...]
January 8, 2009
Savers punished once again
Story link: Savers punished once again
Hardly a fair scenario for people in a position to save, who are probably going to be better off leaving their cash in their bedroom rather than wasting their times depositing in banks, which definitely aren’t as useful or stable as they used to be.
Savers punished once again
The battlelines are drawn. On one side we [...]