Analysis Topic: Personal Finance
The analysis published under this topic are as follows.
Tuesday, May 19, 2009
Falling Inflation Means Rising Real Returns Despite Low Savings Interest Rates / Personal_Finance / Savings Accounts
By: MoneyFacts
Savings rates look to have ended their freefall, with the average no notice rate hovering around 0.65%, marginally above bank base rate.
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Tuesday, May 19, 2009
Mortgage Lenders Increase Margins on Fixed Rate Mortgages / Personal_Finance / Mortgages
By: MoneyFacts
The cost of the average fixed rate mortgage has risen in the last month, with borrowers looking for longer term mortgages being hardest hit.Read full article... Read full article...
Sunday, May 10, 2009
Financial Crisis Questions and Answers / Personal_Finance / Credit Crisis 2009
By: Money_and_Markets
Martin Weiss writes: I sincerely hope you’ve been following the lively conversation on my personal blog lately.
It’s a must, especially if you’re looking for ideas on how to turn lemons into lemonade in these bewildering markets!
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Tuesday, May 05, 2009
Capital One sites Worsening Economic Conditions for Refusing Credit Cards / Personal_Finance / Credit Cards & Scoring
By: Mike_Shedlock
Here is an interesting email from "Scott" who was denied a credit card from Capital One, on the basis of "worsening economic conditions" in his area. "Scott" says he has a FICO score of 800. From Scott .....
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Tuesday, May 05, 2009
Recycle Your Old Mobile Phone and Make Money / Personal_Finance / Money Making
By: MoneySupermarket
Six months on from moneysupermarket.com's first annual 'National Recycle Your Phone Week', savvy moneysupermarket.com users have recycled almost 20,000 old mobile handsets, making an average of £43* per person.
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Wednesday, April 29, 2009
Bankrupt Corporations Mean Your Pension is at Risk! / Personal_Finance / Pensions & Retirement
By: Money_and_Markets
Nilus Mattive writes: Yesterday, General Motors said it was cutting another 21,000 jobs, getting rid of its Pontiac brand, and begging Washington to take a 50 percent equity stake.
Meanwhile, Chrysler reached an agreement with United Auto Workers negotiators on Sunday but is still struggling to work out deals with Fiat and other investor groups.
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Monday, April 27, 2009
Budget Car Scrappage Scheme £2,000 Cash Incentive / Personal_Finance / Money Saving
By: MoneySupermarket
Commenting on the Government announcing the introduction of a ‘scrappage scheme’ in this year’s Budget, Steve Sweeney, head of motor insurance at price comparison website, moneysupermarket.com, said: “At last, some good news for the motoring industry. The £2,000 cash incentive to swap cars older than 10 years old for newer models from next month will no doubt help bolster waning motor sales. It could not have come at a more crucial time. Not only will it provide a much needed boost to jobs in this industry, but switching to newer cars, which are normally safer and have less carbon emissions, will be more beneficial for the environment.Read full article... Read full article...
Monday, April 27, 2009
Cash ISAs hit the right spots for First Time Savers / Personal_Finance / ISP's
By: MoneySupermarket
Saving money might be the last thing on many people's mind, especially given the low interest rate environment. However, deflation could mean now is the perfect time for people to start building up their savings pots, as their cash will be worth more in the future than it is now.
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Monday, April 27, 2009
Top Up Your Cash ISA Early and Maximise Interest Earned / Personal_Finance / ISA's
By: Nationwide
Savers could earn an additional £103 million1 by topping up at the start of the tax year Nationwide Building Society estimates that people with an Individual Savings Account (ISA) could be better off by an additional £103 million by using their annual tax-efficient allowance at the beginning of the tax year, rather than at the end. This figure will increase in October, when savers aged 50 and over will be allowed to increase the amount they pay into their ISA.
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Thursday, April 23, 2009
Budget 2009 Boost for Savers as ISA Allowances to be Raised to £10,200 / Personal_Finance / ISA's
By: Nadeem_Walayat
Amidst the budget gloom and doom of a budget busting deficit of £175 billion and the first of a series of tax hikes that introduces a new top tax band of 50% for those earning over £150,000, there was some good news for distressed savers that have been paying the price for credit crisis in the form of low interest rates. Read full article... Read full article...
Thursday, April 23, 2009
Best Cash ISA Tax Free Savings Accounts for the New Tax Year / Personal_Finance / ISA's
By: MoneyFacts
Cash ISAs are many savers’ first port of call when it comes to creating a nest egg, but in a turbulent year just who has reigned supreme, offering the best rate of return to savers?
Wednesday, April 22, 2009
Halifax HBOS Bank Deteriorating Banking Services, Low Savings Interest Rates / Personal_Finance / Credit Crisis 2009
By: Nadeem_Walayat
Following the UK tax payer funded bailout of HBOS by Lloyds TSB, as anticipated the quality of HBOS banking services continues to deteriorate for example of specific note are the introduced delays in the transfer of funds to bank accounts with other institutions, this appears to be an attempt to force customers to upgrade to the fee based accounts which do appear to offer a more competent transfer process in terms of time.
Wednesday, April 22, 2009
Madoff Financial Scam Billions of Lost Dollars / Personal_Finance / Scams
By: Global_Research
Lawrence R. Velvel writes: I’m probably missing something, in fact I’m probably missing a lot, but as far as I know there has been little in the way of official release of certain crucial numbers related to the Madoff scam. The government has said that $65 billion was lost; I presume that $65 billion is the collective total shown on the November 30, 2008 statements, and it therefore is the number I shall use here for the total loss. It has been estimated at various times, if memory serves, that there were either 8,000 accounts or 13,000 accounts. But these would seem to be the number of accounts listed with Madoff, and, since a feeder fund was but one account, these numbers do not include any of the persons who invested through the feeder funds. It has also been estimated -- with what accuracy I have no idea -- that if you were to count all the people who invested through feeder funds, pension funds, etc., there are 50,000 people who lost money with Madoff.
Monday, April 20, 2009
Why Your Company Pension is in Danger! / Personal_Finance / Pensions & Retirement
By: MoneyWeek
Company pensions are in big trouble.
UK company pension funds are now in the red to the tune of over £240bn - the biggest shortfall ever recorded. And here's the irony. It's partly due to QE – quantitative easing, the Bank of England's cash printing press, which is supposed to be bailing Britain out.
Wednesday, April 15, 2009
Building Societies Continue to Beat Banks in Cash ISA and Savings Interest Rates Consistency / Personal_Finance / Savings Accounts
By: MoneyFacts
Building societies retain consistency crown - Building societies once again reign supreme, taking 77% of the top spots in the Moneyfacts consistency survey. The string of consecutive base rate cuts has resulted in lower returns for savers and the majority of the most consistent returns are provided by the same providers. Read full article... Read full article...
Friday, April 10, 2009
Nationwide Announces New Tax Year Fixed Interest Bonds and ISA's / Personal_Finance / Savings Accounts
By: Nationwide
Nationwide Building Society announces details of a new range of Fixed Rate Bonds, e-Bonds and Fixed Rate ISA Bonds, which all offer a guaranteed rate of return for savers. With effect from Thursday 9 April 2009, Nationwide’s bond range will include:Read full article... Read full article...
Monday, April 06, 2009
Warning, Beware of Credit and Debit Card Foreign Usage Charges / Personal_Finance / Credit Cards & Scoring
By: MoneyFacts
With the Easter bank holiday nearly upon us, many people will be looking to go abroad on holiday in the coming weeks. While using your credit or debit card may be the easiest way to pay for things while your away, costs can so mount up. Read full article... Read full article...
Thursday, April 02, 2009
Cash and Shares ISA End of Tax Year, Use it or Lose it / Personal_Finance / ISA's
By: Nadeem_Walayat
The 2008-09 tax year is fast drawing to a close by 5pm on 5th April 2009, many UK savers have not utilised their annual ISA allowances due to low interest rates. However as my indepth analysis has consistently pointed out that the current deflation will eventually give way to inflation and much higher interest rates and therefore the ISA's still remain important long-term tax free wrappers . Read full article... Read full article...
Thursday, April 02, 2009
Letter to Bank of America / Personal_Finance / Credit Crisis 2009
By: LewRockwell
To whom it may concern:
I have been a customer of Bank of America since October 2006. In that time I have maintained, in good faith, a checking account, a savings account, an investment account and two credit card accounts.
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Wednesday, April 01, 2009
UK Savings and Mortgage Interest Rates After Base Rate Cut / Personal_Finance / UK Interest Rates
By: MoneyFacts
Last month the Bank of England cut bank base rate to the lowest level in its 315 year history. One month on and we can see the impact the cut has had on savings and mortgage rates.Read full article... Read full article...