Archive for February, 2008

Rates of interest on Individual Savings Accounts (ISAs) are becoming more competitive in the lead up to the new tax year, according to Moneyfacts.
The comparison site’s figures have revealed best buy ISAs now offer rates in excess of 6.30%, much higher than last year’s maximum rates of 6.05%. Banks and building societies such as […]

Nearly 4 million home phone customers currently pay out £75m in charges for failing to make bill payments by direct debit, according to comparison site uSwitch.
Research from the website showed consumers could save £237m a year by changing the way they pay their phone bills. An estimated 13 million customers who receive paper billing […]

The UK’s 34 million car drivers could save an enormous £1.9bn a year on annual car insurance premiums by shopping around online, according to Swift Cover.
With car dealers expecting one of their busiest days of the year on 1 March, swiftcover.com has advice for buyers and renewers on keeping their insurance premiums down.
Tina Shortle, marketing […]

Banks back down in overdrafts row

Banks are backing down in the row over unauthorised overdraft charges, with average rates dropping by more than 5% in the past year, research from MoneyExpert.com shows.
The price comparison website says the average unauthorised overdraft rate is now 20.01% compared with 25.25% a year ago.
Banks are currently waiting for the High Court to rule on […]

Increased dividend payments recently announced by several major UK companies will benefit investors this year and over the long term, according to Aberdeen Asset Managers.
Barclays announced a 10% rise in its dividend last week, while BP and National Grid have also raised their dividends recently, by 35% and 15% respectively. Aberdeen said such moves would […]

Freebies could obscure small print

Customers lured onto new broadband deals with free gifts should watch out for hidden charges, according to comparison site Moneysupermarket.
Research from the website revealed that 55% of new broadband customers ignore the small print in their contracts, frequently as a result of rushing into a deal because they are offered a free gift. Ignoring […]

RBS draws in the bets

There has been a marked increase in the number of bets placed on Royal Bank of Scotland’s (RBS) share price to rise, according to online financial bookmaker BetsForTraders.
The website revealed RBS currently accounts for the largest number of bets. Traders have made 17 times more bets on RBS than usual, with 89% putting money […]

Recent figures show that car insurance premiums have increased by almost 6% over the past twelve months from an average of £594 at the beginning of 2007 to £629 in the same period in 2008.
Whatever people decide to do, uSwitch says now is the perfect time for motorists to make sure they are shopping around […]

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