Archive for the 'Financial Products' Category

Reviews of financial products including current accounts, saving accounts, ISAs, mortgages, insurance, loans & credit cards to help you decide which financial products best suit your needs.

Virgin Money Increase Fixed Rate of Interest on Regular E-Saver

I received an email from Virgin Money informing me that, from 1 September 2018, the rate of interest paid on my Regular E-Saver accounts would increase from 2.25% to 2.5%. I was doubly surprised by this. Firstly. many financial providers have chosen, either not to increase the rate of interest paid on their savings accounts […]

I’m Disappointed by Charter Savings Bank

I’ve generally been happy with Charter Savings Bank. At times, they have offered market leading interest rates on their savings account. I have also found them to be very efficient. However, I am disappointed by their recent actions. I had £1,000 in a two year fixed rate savings account which was due to mature earlier this […]

Fast Tax Refund from HMRC

I finally got around to filing m online income tax return for  the tax year 6 April 2017 to 6 April 2018 on 15 July 2018. I had worked out the turnover, expenses and profit for my online publishing business by mid April 2018. But I waited to receive the annual interest statements from my […]

Is It Time to Ditch High Interest Current Accounts?

I’m beginning to think that if’s almost time to ditch at least some of my high interest current accounts. In the good old days, when the Santander 123 Current Account. Lloyds CLub Current Account and Bank of Scotland Current Account with Vantage were paying up to 3% on credit balances, it was a no brainer […]

5 Ways You Are Not Saving Money When Buying Business Checks

Buying paper checks seem like a trivial business expense especially when compared to major business expenditures such as rent, employee salaries, and utility bills. However, most successful business owners look for ways to cut down on spendings that do not add value to the firm. Even little cutbacks can make a huge difference. Earlier this […]

There’s No Winning With Car Insurance

I recently had a close encounter with a wall when parking the car in the lane at the back of our son’s flat in Glasgow. It was so stupid. I knew that it was tight to park there. I thought I was being careful, but as I turned in the back passenger door of the […]

Should I Keep My Cash ISAs?

My four year fixed rate Cash ISA with the Coventry Building Society matures soon. I am swithering over whether to retain the tax-free ISA status of this tranche of savings. The issue is that, for a number of years, the rate of interest paid on many Cash ISA account has been lower than that rate […]

To Fix Or Not To Fix?

That old chestnut of to fix or not to fix an interest rate on your savings is back on the cards for me. I have a couple of fixed rate savings accounts maturing soon. At present, I can earn 1.5% on up to £20,000 in the instant access Santander 123 Current Account. If I put […]

Why is Lloyds Reducing the Interest Rate on their Current Accounts?

I am getting increasingly furious with UK banks and building societies for reducing the interest rates paid to customers, despite no change in the Bank of England Base Rate. I don’t remember receiving a letter from Bank of Scotland (part of the Lloyds Banking Group) about the rate reduction, I read on a finance website […]

It’s Getting Harder To Fulfil the Requirements for High Interest Current Accounts

I recently got caught out by not reading the change in terms and conditions to my Tesco Bank Internet Saver accounts. The change which would have the biggest impact on me was the end of the being able into a Tesco Bank Internet Saver account by direct debit. In order to fulfil the requirement for […]