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

Written by Karen Bryan

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 in mid April that the rate of interest paid on the Bank of Scotland Current Account with Vantage was being reduced from 2% to 1.5% on 1 July 2018.

On 24 April 2018, I received a letter from Lloyds Bank, informing me that the rate of interest paid on my Club Lloyds Account was being reduced from 2% to 1.5% from 1 July 2018.

The following day, I read on the BBC website that Lloyds Banking Group’s annual profit had increased by 23%.

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I’m Tescoffed Again By Missing Out On £6 Off a £40 Tesco Shop

Written by Karen Bryan

When I was driving home on a Monday afternoon after a Sunday night stay at Perth Central Travelodge, I reluctantly decided to a detour to do a big shop at Tesco in Stirling.

I knew that we were getting low on basics such as milk, bread, fruit and veg. I didn’t fancy having to take the car out the following day just to do food shopping. Plus, heavy rain was forecast for the next day.

I spent £39.60 in Tesco.

After putting the shopping away at home, I opened my mail to discover a Tesco Clubcard £6 off a £40 shop voucher. The voucher was valid from that day.

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

Written by Karen Bryan

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 two monthly direct debits to be paid from each of my Bank of Scotland Vantage current accounts, I had set up three direct debits for £1 from two of my Tesco Bank Internet Saver accounts.

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Things to Consider Before Getting a Credit Card

Written by Karen Bryan

There are many different things that you should take into consideration before getting a credit card. While it’s true that a credit card can be very helpful in certain situations, it can also be a source of crippling debt. If you want to get the best deal on a new credit card, you will need to be careful when going through this process.

We highly recommend that you use the following tips and advice when searching for the right credit card so that you can avoid any disastrous results later on. The more careful you are when shopping around for a credit card, the more you will benefit as a result.

What is Your Credit Like?

The first thing that you should do before applying for any credit cards is to check your credit. By taking a close look at the state of your credit, you will be able to get a better idea as to what your chances will be like of getting approved. You can check your credit score for free. Read through your credit report to check for any mistakes, and if you find some, contact the agency to have them removed.

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5 Year Fixed Rate Cash ISA Pays Same Rate As Standard 5 Year Fixed Rate Account

Written by Karen Bryan

Today for the first time in ages, you can earn the same rate of interest on a fixed rate Cash ISA as on a standard fixed rate savings account.

UBL is paying 2.65% on their five year fixed rate Cash ISA. The highest rate which I could find for a standard five year fixed rate savings account is the same 2.65% with Vanquis Bank Savings.

In the recent past, standard fixed rate savings account have paid an interest rate of around 20% higher than fixed rate Cash ISAs.

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Scotrail Cub 50 Renewal

Written by Karen Bryan

I received an email from Scotrail reminding me that my Club 50 railcard was due to expire in a couple of weeks.

I decided that it was well worth paying the £15 annual charge for the Scotrail Club 50 railcard. During the preceding 12 month period, I bought two £17 flat return fare tickets and, after deducting the £15 charge, saved around £20 on day return tickets to Glasgow, Edinburgh and Dundee.

You don’t receive a new railcard when you renew. I paid for my renewal online a few days before the expiry date. Then I received an email from Scotrail instructing me to re-activate my current railcard by presenting it to any member of staff, who would use their smart device to upload my new annual membership.

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The Drawing Room at the Scottish National Galleries

Written by Karen Bryan

If you are interested in contemporary art, why not go along to the Drawing Room sessions, organised by the Scottish National Galleries?

The Drawing Room usually takes place at the Scottish National Gallery of Modern Art between 17.30 and 18.45 on the second Thursday of the month, This venue is very handy for me. I can park free of charge at the car park there (the standard charge is £2), as I am a friend of the Scottish National Galleries.

However, the March 2018 session was held at the Royal Scottish Academy in Princes Street. The workshop focused on book making. The idea was to bind to together a small book by making three holes in the spine, and then stitching through these holes.

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Three Reasons a Temporary Warehouse Could Benefit Your Business

Written by Karen Bryan

Having adequate storage can be a problem for many businesses. Too much and you could lose profits, paying overheads for unused space. But too little and you could run into issues.

Investing in or building new storage facilities takes a lot of time and funds. While a good solution for some companies, if your additional storage needs are short-term or your business lacks the capital required, it may not be the most financially viable solution.

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Teaching Teens About Personal Finance

Written by Karen Bryan

The only thing most teenagers know to do with money is spend, spend and spend until it’s all gone. This behavior won’t change without their parents’ help and guidance. As a parent, it’s your job to ensure that your teens become financially responsible adults. If you need some tips for this job, this article will help you make your rapidly growing teens into financially responsible young adults.

Get Your Teen Their Own Bank Account

Get your teenager a checking account that they can use for things like food, clothing, and entertainment. They should also have a savings account for longer-term goals like a vehicle. In some cases, you might need to get your child an account that will make you a joint account holder. However, let your teen have access to their money through the bank website and app.

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Renewing Your UK Passport Online

Written by Karen Bryan

I recently renewed my UK passport online.

Until that time, I had applied for my passport renewal by post. The application form wasn’t the easiest to complete. If I went to a photo booth, I was never sure that the photo would be accepted. Therefore, I usually paid an additional few pounds for the Post Office’s Check and Send service.

My old passport was due to expire in a couple of months (you can renew your UK passport up to 9 months before it expires with that remaining period added to the new  passport). I thought that it was a good idea to make my application in low season, so that I would receive my new passport quickly.

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