Analysis Topic: Personal Finance
The analysis published under this topic are as follows.
Tuesday, June 09, 2015
UK Savings Interest Rates on Best Notice Accounts Hit Two-year Highs / Personal_Finance / Savings Accounts
By: MoneyFacts
Rachel Springall, Finance Expert at Moneyfacts.co.uk, comments: “Savers who are chasing down a good deal would be wise to stand up and take notice of the news that the average interest rate for notice accounts has hit a two-year high of 0.91% year-on-year*.
“Although some may still argue that easy access accounts are a more favourable vehicle for savers’ cash, these can carry disguised penalties in the form of restricted withdrawals.
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Wednesday, June 03, 2015
UK Cashback Mortgages Double / Personal_Finance / Mortgages
By: MoneyFacts
Charlotte Nelson, Finance Expert at Moneyfacts.co.uk, comments: “Since mortgage rates started to tumble the market has seen a marked increase in cashback incentives.
“Research from Moneyfacts.co.uk reveals that today there are 948 cashback mortgage deals compared with 469 four years ago, while the average amount that can be received has shot up from £274 to £475.
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Wednesday, May 27, 2015
Current Best CashBack Credit Card Pays 5% for first 3 months then upto 1.25% / Personal_Finance / Credit Cards & Scoring
By: Nadeem_Walayat
The credit card issuers such as Capital One have been busy pulling the rug from under their most loyal customers where even a 10+ year relationship means nothing for the banks when it comes to continuing to offer cashback rewards, as customers will have been receiving a whole host of excuses as to why their cashback rewards are ending such as blaming the European Union proposed ruling on capping interchange fees on credit cards to 0.3% from a typical range of 0.6% to 0.8% currently charged on each transaction.
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Tuesday, May 26, 2015
Credit Card Interest Rates Rise to Record High While Rewards Dwindle / Personal_Finance / Credit Cards & Scoring
By: MoneyFacts
Rachel Springall, Finance Expert at Moneyfacts.co.uk, comments: “Behind the spotlight on trendy introductory credit card offers, the cost of debt has risen to a record high of 20.6% APR*. At the same time, fears for the future of reward cards have increased, as their demise in the wake of the new ruling by the EU on interchange fees becomes a distinct possibility.
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Tuesday, May 26, 2015
Best Cash ISA SBI 2.3% - 2.8 Year Fix, UK Interest Rates 2016 / Personal_Finance / ISA's
By: Nadeem_Walayat
Britain's interest rates starved savers for especially the tax free Cash ISA savings accounts for which Britains banks tend to further penalise by typically paying LESS interest than the SAME term NON ISA accounts, can only be disgusted that despite the large annual ISA allowance of £15,240, are going to find it near impossible to find savings interest rate of over 2%, let alone the pre-funding for lending scheme days (July 2012) when fixed savings interest rates ranged as high as 5%.
Friday, May 22, 2015
One Investment Could Save Two Generations' Retirements / Personal_Finance / Pensions & Retirement
By: ...
MoneyMorning.com Peter Krauth writes: The goal of a comfortable retirement is getting more challenging by the day.
That's overwhelmingly thanks to the Fed's Zero Interest Rate Policy (ZIRP).
A recent poll reveals Generation Xers, the next wave of retirees to follow the Baby Boomers, expect to be a whole lot more self-sufficient.
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Tuesday, May 19, 2015
Bank Holiday Joy as UK Inflation Stays Low / Personal_Finance / Inflation
By: MoneyFacts
Inflation figures released today show that the Consumer Prices Index (CPI) fell from 0.0% to -0.1% during April, which is the first time the UK has fallen into deflation since the sixties.
Today, all 859 savings accounts on the market beat inflation, and of these, 666* (149 no notice, 78 notice, 231 fixed rate bonds and 208 ISAs) are without restrictive criteria*.
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Saturday, May 16, 2015
War On Cash - Why the IRS Seized All the Money from a Country Store / Personal_Finance / Credit Crisis 2015
By: EWI
Another shot fired in the "War on Cash"
Editor's note: You'll find the text version of the story below the video.
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Wednesday, April 29, 2015
Chase Cracks Down on Cash... Is Your Bank Next? / Personal_Finance / Banksters
By: MoneyMetals
Clint Siegner writes:
The War on Cash Escalates
The Federal Reserve bank and its owners, the largest banks on Wall Street, want badly to be able to charge you interest for the privilege of depositing your funds. The problem is getting you to stand for it.
Saturday, April 25, 2015
The War on Cash Special Report / Personal_Finance / Credit Crisis 2015
By: EWI
Dear investor,
It's not on the front page...yet.
But it will be.
Some governments, central banks and mega-banks are waging a secret war on cash. They are even talking about outlawing the use of physical currency. This new reality might be closer than you think.
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Thursday, April 23, 2015
FDIC Plots a Bank Heist Involving YOUR Accounts / Personal_Finance / Credit Crisis 2015
By: MoneyMetals
Guy Christopher writes: There's a new front opening up in the war on your wealth. If you haven't heard yet of the “bail-in,” you will. Even if you have, you need to know the latest…
The bail-in is another weapon in the government's arsenal of capital controls meant to reward Wall Street cronies and separate you from your money.
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Wednesday, April 22, 2015
Best Cash ISA 2015/16, Instant and Fixed Savings Interest Rates, New Flexible Withdrawal / Deposit Rule / Personal_Finance / ISA's
By: Nadeem_Walayat
Good news, its a new tax year which means savers can deposit upto £15,240 into a tax free cash ISA savings account. Now for the bad news, the banking syndicate cash ISA rates remain at abysmally poor levels, despite some demand being siphoned off into the Coalition governments election bribe of the 4% paying Pensioner bonds against which no cash ISA can compete, though of course these bonds are only available to the over 65's.
Wednesday, April 15, 2015
How to Escape the Pensions Squeeze / Personal_Finance / Pensions & Retirement
By: Money_Morning
Peter Krauth writes: With mid-generation baby boomers just entering the retirement wave, their ability to stop working is a hot topic that's getting hotter. Study after study questions the ability of public and private pensions to meet the needs of retirees.
Financial repression through the Fed's Zero Interest Rate Policy (ZIRP) has compounded the problems of underfunded plans and retirement accounts.
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Tuesday, April 14, 2015
Save it or Spend it as UK Inflation Stays Put 0% / Personal_Finance / Inflation
By: MoneyFacts
Inflation figures released today show that the Consumer Prices Index (CPI) stuck at 0.0% during March.
Today all 874 savings accounts on the market beat inflation, and out of these 681* (149 no notice, 79 notice, 243 fixed rate bonds and 210 ISAs) are without restrictive criteria*.
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Friday, April 10, 2015
Don’t Get Sandbagged: Here’s Where the “New Credit Scorers” Are Watching You / Personal_Finance / Credit Cards & Scoring
By: Money_Morning
Shah Gilani writes: In our talks here over the last week or so, we’ve been focusing our attention on so-called “Disruptors” – the catalysts of change that are impacting everything we do.
And one particular point that I made underscores just how wide-ranging these Disruptor-driven changes really are.
As I told you all last week, Disruptors are already changing how we communicate (smartphones), how we date (Match.com, eHarmony), how we mate (Tinder… or so I’ve heard), what we eat (genetically modified and so-called “super foods”), how we work (Monster.com, Jobr), how we get heat, cooling and light (fracking), how we get around (Uber and Tesla), how we get where we’re going (GPS) – and where we stay once we get there (Airbnb).
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Thursday, April 09, 2015
The Tax Collector’s Puzzle - WAIT: Don't File Those Taxes Just Yet! / Personal_Finance / Taxes
By: Casey_Research
Those of you in the US know that it’s the least wonderful time of the year: tax time.
Hopefully you haven’t filed your tax return just yet. Maybe you rushed it in because you feel ever so grateful to your government for letting you keep some of your hard-earned cash. Or maybe—like most of us—you wait 'til the very last day out of principle.
Either way, chances are you’re leaving money on the table. We want to show you how to get most of it back.
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Sunday, April 05, 2015
Wealth Net Worth - Is $1 Million Enough? / Personal_Finance / Pensions & Retirement
By: Investment_U
Rachel Gearhart writes: Last week we looked at a chart showing how much annual income Americans think they need to be considered rich.
This week, we’re using the same Gallup Poll data to visualize the household net worth required to join the wealthy upper class. (This is, again, according to a group of randomly surveyed individuals.) The median number? $1 million.
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Sunday, March 29, 2015
You Must Understand These Two Cardinal Rules of Debt / Personal_Finance / Debt & Loans
By: Investment_U
Andrew Snyder writes: It’s a tough subject. Nobody wants to admit they spent years of their lives - and thousands upon thousands of dollars - in an effort that may quite easily turn out to be detrimental to their financial well-being.
On Friday, I spoke to a small church group about what it takes to build lasting, liberating wealth. It was the second time we met and I knew going into the evening that it wouldn’t be easy.
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Wednesday, March 25, 2015
Will Your Retirement Accounts Survive The Coming Tax Code "Revolution"? / Personal_Finance / Pensions & Retirement
By: Dan_Amerman
Suppose that you live in a capital city under siege, that is surrounded by revolutionary armies. And while you don't know the exact timing or specifics, you do believe that the overthrow of the current regime is close to a 100 percent certainty. So you take your life savings and enter into a series of binding contracts with the current regime, under advantageous terms for you. The revolutionary armies enter the capital city, the current regime is ousted, the new regime repudiates the contracts of the previous regime – and you are left penniless.
Friday, March 20, 2015
Best Cash ISA vs Budget 2015 Scrapping Tax on Savings Interest on First £1,000 / Personal_Finance / ISA's
By: Nadeem_Walayat
It's that time of the year again when many savers will be busy rushing to capitalise on their use it or lose it £15k cash ISA annual allowance, though having been raised in July 2014 from £5.5k to £15k does not make today's exercise as big a deal for most savers. Still up until this week it had been a case of ensuring cash is deposited in tax free ISA's than in taxed deposit accounts. However, now everything may be changing for many if not most savers following the Budget 2015 announcement to scrap tax on the first £1k of interest earned which with today's abysmal typical interest rates of 1.5% covers savings pots of as much as £65,000!