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Are Premium Bonds a poor investment now?
The odds of winning a prize with your Premium Bonds are being cut from 28,000 to one to 30,000 to one. The odds of winning big will drop too, as the number of bigger prizes is being slashed in favour of more £50 and £100 prizes. It begs the
4-min read - BusinessAOL
Banks hammer 'Super Isa' savers as rates crash
Savers have been dealt a severe blow after more than a dozen banks slashed their rates on cash ISAs. Remarkably, the move comes just one month after the chancellor unveiled dramatic changes to ISAs in a bid to make saving more attractive.
2-min read - BusinessAOL
Autumn Statement 2013: What it means for business
In his autumn statement George Osborne declared the UK deficit will be eliminated by 2019. The biggest news for many will be a 2% business rate cap from next April; there's also new incentives for shale gas investment and John Lewis-type
- BusinessAOL
100,000 firms 'mis-sold rate swaps'
Up to 100,000 firms could have been mis-sold interest rate swaps, Business Secretary Vince Cable has said. UK lenders are expected to face a compensation bill of at least £1 billion as a result of the "terrible
- BusinessAOL
RBS agrees £391m rate-fixing fine
Taxpayer-backed Royal Bank of Scotland (RBS) has agreed a £391 million settlement with US and UK regulators as it became the third banking giant to admit its part in the rate-rigging scandal. RBS, which is 81% owned by the Government, will
- BusinessAOL
Best rates for savers 'collapsing'
The best rates for savers are "collapsing" following the launch of a Government scheme to encourage banks to lend to households and firms, a consumer help website has warned. The £80 billion funding for lending scheme (FLS) was
- BusinessAOL
The top fixed rate savings bonds
When it comes to savings accounts, many of us prefer the option of an easy access savings account because, that way, we don't have to worry should we need to get our hands on our cash in an emergency. However, generally speaking, you'll
1-min read
