Blog Feed: Online Bank Accounts - UK

Tesco Bank 3.25% 1-year Fixed Rate Saver

Published on 2012-03-28 04:04:07

Tesco Bank (tescofinance.com) is currently offering customers an interest rate of 3.25% Gross/AER (annual interest) on its 1-year Fixed Rate Saver. Since its launch in 2010, the Fixed Rate Saver has seen continued growth, with almost 50,000 customers by the end of 2011. The savings account continues to be popular among Tesco Bank customers, with [...] > read more

Barclays Pingit for Teenagers as well

Published on 2012-03-09 08:15:36

Sixteen and seventeen year old young people in the UK are now able to send and receive money using their mobile phone number. Barclays (barclays.co.uk) has actually expanded its Pingit service to this specific end. Barclays Pingit allows people to receive and send money, for free, to anyone with a UK current account and UK [...] > read more

Debt problems for 70% of UK adults

Published on 2012-03-07 08:43:07

According to a recent research released by The Co-operative Bank (co-operativebankinggroup.co.uk), over two thirds (70%) of UK adults have admitted to having debt problems with almost a third of people (29%) not prepared to confront their debt issues. The findings also show that those in debt do not believe they have money worries until they [...] > read more

Clydesdale and Yorkshire Banks new two fixed rate ISAs

Published on 2012-03-02 08:13:10

Clydesdale and Yorkshire Banks (ybonline.co.uk) have just launched two new fixed rate ISAs. The bonds, which offer a choice of maturity dates of 30th May 2014 and 31st May 2017, have rates of 3.6% and 4.25% Tax Free AER, respectively.   > read more

Tesco Bank new Pet Accident & Injury Insurance

Published on 2012-02-29 08:27:40

Tesco Bank (tescofinance.com) has announced the launch of its Tesco Pet Accident & Injury Insurance. Tesco Pet Accident & Injury Insurance has a pricing structure with a fixed price for cats (£4.00 per month) and dogs (£6.25 per month). The cover insures pets for a broad range of incidents including injuries resulting from accidents, attacks [...] > read more

Metro Bank launched new online applications for Cash ISAs

Published on 2012-02-24 08:03:28

Metro Bank (metrobankonline.co.uk) has added to its range of services by introducing online applications for two of its  products. For the first time people outside of Greater London can become Metro Bank customers by applying for 3.25% online 1 Year Fixed Rate Cash ISA and a 2.35% Instant Access Cash ISA, without the need to [...] > read more

Barclays Pingit

Published on 2012-02-22 04:28:25

Barclays (barclays.co.uk) has launched Europe’s first person-to-person service for sending and receiving money using mobile phone numbers. Barclays Pingit allows users to receive and send money, for free, to anyone with a UK current account and UK mobile phone number, simply by using that mobile number, without the need to share bank details. The Barclays [...] > read more

Leeds BS new 1 year fixed rate bond at 3.35% with 25% access

Published on 2012-02-17 08:44:21

Leeds Building Society (leedsbuildingsociety.co.uk) has launched a new 1 year fixed rate bond combining a guaranteed return of 3.35% gross p.a./ AER with unlimited access to 25% of the funds, without notice or penalty, at any time. The account can be opened through branches, by post and online.   > read more

Barclays extends the ‘Great Escape’ remortgage package to 85% LTV

Published on 0000-00-00 00:00:00

Barclays (barclays.com) has announced that the Great Escape package, launched in October 2010 and extended from 75 to 80 per cent LTV in January this year, is now being extended to 85 per cent LTV to help even more borrowers who are sitting on their > read more

Bank Machine installing ATMs in Southern Railway stations

Published on 0000-00-00 00:00:00

Bank Machine (bankmachine.com), has recently announced the results of the first month of its new contract with Southern Railway (southernrailway.com), supplying ATM services across a range of busy railway stations in the South of England. The initial > read more

Metro Bank’s first ever ‘Dogs Rule’ weekend

Published on 0000-00-00 00:00:00

The dog friendly 2 day event, which was held by Metro Bank (metrobankonline.co.uk) in partnership with Battersea Dogs & Cats Home (battersea.org.uk), attracted huge interest in both the Bank as well as the opportunity to adopt one of the wonderfu > read more

Barclays (Woolwich) slashes the rate on Bovis Homes’ ‘Perfect 10′ mortgage package

Published on 0000-00-00 00:00:00

Barclays (barclays.com), through its mortgage arm Woolwich (woolwich.co.uk), has slashed the rate on Bovis Homes‘ ‘Perfect 10‘ mortgage package by 1.20 percentage points to 3.79 per cent to continue to be at the forefront in helping > read more

Clydesdale and Yorkshire Bank online hub for small businesses

Published on 0000-00-00 00:00:00

Clydesdale (cbonline.co.uk) and Yorkshire (ybonline.co.uk) Bank have just launched an online support hub with the Forum of Private Business (fpb.org), the leading not-for-profit business support organisation. The hub provides specialist advice, help > read more

Tesco Bank £40 gift card offer for new home insurance customers

Published on 0000-00-00 00:00:00

Tesco Bank (tescobank.com) is currently offering a £40 gift card to Clubcard (www.tesco.com/clubcard) customers who get a quote and buy a new combined buildings and contents insurance policy directly from Tesco Bank by 25 May 2011. Furthermore, ther > read more

first direct named 2011 most recommended mortgage provider by Which?

Published on 0000-00-00 00:00:00

Which? (which.co.uk) has named first direct (firstdirect.com) its 2011 most recommended mortgage lender provider for the fifth year in a row, with a customer score of 89% (10% above its closest rival The Co-operative Bank). The independent group came > read more

Barclays new 4 year fixed rate bond paying up to 4.25%

Published on 0000-00-00 00:00:00

Barclays (barclays.com) has recently launched a new 4 year fixed rate bond paying up to 4.25 per cent. The new 4 year bond will pay interest on a tiered basis, paying 4.25 per cent gross p.a/AER on balances over £50,000. The maximum investment is £ > read more

Barclays has completed the acquisition of Egg’s UK credit card assets

Published on 0000-00-00 00:00:00

Further to the announcement on 1 March 2011, Barclays Bank PLC (barclays.com) on April 28th completed the acquisition of Egg’s UK credit card assets. Barclaycard, part of Barclays Global and Retail Banking division, is a global payment business cat > read more

Investors are increasing equity ISA commitments

Published on 0000-00-00 00:00:00

According to research by Rensburg Sheppards (www.rensburgsheppards.co.uk), the investment manager, 3.6 million investors have so far invested in a stocks and shares ISA this tax year but 1.2 million investors, that is an additional 25%, are still pla > read more

Regular Home Saver Account

Published on 0000-00-00 00:00:00

Clydesdale and Yorkshire Banks (ybonline.co.uk) have recently introduced a new savings account to help First Time Buyers build a deposit and get a foot on the housing ladder. Regular Home Saver, this is the name of the new savings account, provides a > read more

UK’s Couples Get Wedding Saving Savvy

Published on 0000-00-00 00:00:00

According to a recent research from Tesco Bank (tescofinance.com), in the UK today’s engaged couples are taking greater financial control over their wedding. With nearly two thirds (61%) footing the majority of the costs themselves, they are saving > read more

Is buying a house in the UK cheaper than renting it?

Published on 0000-00-00 00:00:00

According to the recent Halifax Buying vs. Renting Review (lloydsbankinggroup.com), the cost associated with buying a home in the UK is typically 14% lower than renting a property. The average monthly costs associated with buying a three bedroom hous > read more

Barclaycard balance transfer offers

Published on 0000-00-00 00:00:00

Barclaycard (barclaycard.co.uk) has recently re-introduced its 18 month 0% balance transfer offer for new Barclaycard Platinum customers The re-launched deal will be available alongside Barclaycard’s 20 month 0% balance transfer offer, which has b > read more

Barclays is cutting its range of Offset Woolwich mortgages by up to 0.50 percentage points

Published on 0000-00-00 00:00:00

Barclays (barclays.co.uk) is cutting its range of Offset Woolwich mortgages by up to 0.50 percentage points from Tuesday, 5 April 2011, which could help homeowners repay their mortgage earlier and make them more tax-efficient. The largest rate cut is > read more

The Co-operative Financial Services establishes the Reclaim Fund

Published on 0000-00-00 00:00:00

The Co-operative Financial Services (cfs.co.uk) has announced that its application to establish a central Reclaim Fund for dormant account monies on behalf of the industry has been approved by the Financial Services Authority (FSA). The new Fund will > read more

Co-operative Insurance initiative for young drivers

Published on 0000-00-00 00:00:00

The Co-operative Insurance (cfs.co.uk) has recently launched a new Young Driver motor insurance product, which calculates premiums based on the driving behaviours of 17 – 25 year olds.  According to The Co-operative Insurance, this is the firs > read more

RBS’ enhanced Investor Relations Website

Published on 0000-00-00 00:00:00

RBS (The Royal Bank of Scotland, rbs.com) has just published a new version of its enhanced Investor Relations Website. Available via www.investors.rbs.com the redeveloped site represents a further step in the RBS Group’s efforts to deliver best > read more

Investment ISA allowance – Final two weeks

Published on 0000-00-00 00:00:00

According to a research from Barclays (barclays.co.uk), over a third (35%) of the money put into investment ISAs is invested in the final two weeks. The research sheds light on the late scramble by investors to make full use of their ISAs before the > read more

A lot of Brits are saving more than ever

Published on 0000-00-00 00:00:00

A recent survey by Clydesdale and Yorkshire Banks (ybonline.co.uk) into UK’s saving habits found that despite feeling the squeeze, over a quarter of its citizens (28%) are saving more money than they did twelve months ago and 24% are going to u > read more

Principality BS 2010 results

Published on 0000-00-00 00:00:00

Principality Building Society (principality.co.uk) has announced that in 2010 they attracted 52,000 new customers and savings balances broke the £5 billion barrier for the first time in their history, securing Principality’s place as one of the mo > read more

Barclaycard balance transfer credit card offer

Published on 0000-00-00 00:00:00

Barclays (barclays.co.uk) has announced that new customers applying for the Barclaycard balance transfer credit card will not only benefit from the UK’s longest 0% balance transfer deal of 18 months but will now get 25% off handling fees, when they > read more

Egg credit card portfolio sold to Barclays

Published on 0000-00-00 00:00:00

Citi (citi.com) has announced that it has entered into a definitive agreement to sell its entire Egg (egg.com) credit card portfolio to Barclays Bank PLC. The £1.8bn of gross assets in the Egg portfolio represents 1.15 million customer accounts. The > read more

Clydesdale and Yorkshire Banks’ new Fixed Rate ISAs

Published on 0000-00-00 00:00:00

Clydesdale (cbonline.co.uk) and Yorkshire (ybonline.co.uk) Banks have launched two new fixed rate ISAs. The accounts, offering a choice of one and five year terms, have competitive rates of 3% and 4.25% Gross/AER, respectively.   Product main featur > read more

Tesco Bank 5.2% Retail Bond exceeded expectations

Published on 0000-00-00 00:00:00

Tesco Bank (tescofinance.com) has announced that it has has closed its first retail bond, raising £125 million, with demand from thousands of investors exceeding expectations. According to Tesco Bank, this is the highest amount raised by a pure reta > read more

Barclaycard offers 18 months interest free on balance transfers

Published on 0000-00-00 00:00:00

Barclaycard (barclaycard.co.uk) claims to have become the first credit card provider in the UK to offer 18 months at 0% on balance transfers. The offer for new Barclaycard Platinum customers should actually be the longest currently on the market. Bar > read more

Bank increased support for Small Business

Published on 0000-00-00 00:00:00

Clydesdale (cbonline.co.uk) and Yorkshire (ybonline.co.uk) Banks have announced that they are to significantly increase their support for small businesses across the UK. The move will expand the services and products on offer to businesses, typical > read more

Clydesdale and Yorkshire Banks launch new Term Deposit account

Published on 0000-00-00 00:00:00

Clydesdale (cbonline.co.uk) and Yorkshire (ybonline.co.uk) Banks have launched new rates of up to 4.25% AER on their Term Deposit account. The account is aimed at those who want to put away a lump sum and don’t want to make any withdrawals or addit > read more

Tesco Bank Launches 5.2% Retail Bond

Published on 0000-00-00 00:00:00

Tesco Bank (tescofinance.com) is issuing a 5.2% bond aimed at retail investors. This is the first such bond to be issued by Tesco Bank and can be bought and sold by investors solely through stockbrokers or wealth managers with a minimum purchase of > read more

RBS – new Cautious Managed and Balanced Managed Funds to tame volatility

Published on 0000-00-00 00:00:00

The Royal Bank of Scotland (RBS, rbs.com) has announced that it is to target the retail fund management sector with the launch of two new funds that aim to tame volatility. The Bank’s Volatility Controlled Cautious Managed Fund and Volatility Contr > read more

Online Pension

Published on 0000-00-00 00:00:00

Standard Life has just launched the Active Money Personal Pension (AMPP) online, available via www.standardlife.co.uk. The AMPP combines an easy purchase process with total flexibility and a broad range of investment funds with the benefits of tax-re > read more

Barclaycard Platinum cuts cost of borrowing

Published on 0000-00-00 00:00:00

Barclaycard (barclays.co.uk) is offering £20 off the balance transfer fee for new Barclaycard Platinum customers applying directly through its website and partner sites. The offer, which is the first of its kind, provides a discount on balance trans > read more

Barclays looks to boost 2011 remortgage market

Published on 0000-00-00 00:00:00

Barclays (barclays.co.uk) is continuing to encourage even more borrowers sitting on standard variable rate mortgages to move to a better rate, by extending the loan to value on its ‘Woolwich Great Escape’ remortgage package to 80 per cent loan to > read more

Egg’s 20 per cent discount for travel insurance in January 2011

Published on 0000-00-00 00:00:00

During the whole of January 2011, Egg (egg.com) will be offering a 20% discount on travel insurance bought online and 10% on cover bought over the phone. Egg’s travel insurance includes: free cover for children when they travel with the insured > read more

first direct launches iPhone App for mobile banking

Published on 0000-00-00 00:00:00

first direct (firstdirect.com), the Online and 24-hour telephone bank, claims to have become the first UK bank to launch a true transactional, Banking ‘on the go’ App for Apple’s iPhone and iPod Touch. The App, launched on 13 Januar > read more

Barclays UK Retail Banking to focus its investment service offering online

Published on 0000-00-00 00:00:00

Barclays UK Retail Banking (group.barclays.com) has announced its proposals to focus its investment service offering online.  The proposal to move away from offering financial planning advice through Barclays UK Retail Banking follows a decline in c > read more

First direct named the best current account provider

Published on 0000-00-00 00:00:00

On 27th January 2011 first direct (firstdirect.com) was announced as the winner of the Best Current Account Provider Award at the Consumer Moneyfacts Awards held at the Guoman Tower Hotel in London. Industry professionals from leading financial servi > read more

Barclays launches a new two-year flexible bond

Published on 0000-00-00 00:00:00

Barclays (www.barclays.com) Barclays has just launched a two-year flexible bond giving savers the flexibility to withdraw up to 30 per cent of the balance without incurring any charges. The two year flexible bond pays a fixed rate of up to 3.50 per c > read more

Bank Machine – Text2Win competition where customers can win cash

Published on 0000-00-00 00:00:00

The independent ATM operator Bank Machine (www.banckmachine.com) is running an innovative campaign for its cash machine screens. Actually, the company has launched a unique Text2Win competition where customers can win cash by texting in answers to ge > read more

The Co-operative starts legal revolution in high street branches

Published on 0000-00-00 00:00:00

Customers of The Co-operative Group (www.co-operative.coop) are in June 2011 finding themselves at the forefront of a high street revolution, when for the first time they can access legal services through their local bank. The initiative is being pio > read more

first direct’s new mortgage offering

Published on 0000-00-00 00:00:00

first direct (www.firstdirect.com) has recently changed the structure of its mortgage offering in order to make it easier for customers to decide which mortgage is best for them, whilst accommodating the needs of those who prefer not to pay up-front > read more

C&G new 3 Year Step Bond

Published on 0000-00-00 00:00:00

C&G (Cheltenham & Gloucester, cheltglos.co.uk) has just launched a 3 Year Step Bond offering its new and existing customers a fixed rate savings account where the rate increases over the three year term, 3.75% in the first year, 4.25% in year > read more

Barclays reduces tracker and fixed mortgage rates once more

Published on 0000-00-00 00:00:00

In its fifth rate reduction in a row, Barclays (barclays.com) has just cut rates on its Woolwich fixed mortgages by up to 0.31 percentage points and is introducing new low rate trackers to the range. Barclays two year fixed rate mortgage is highly co > read more

Micro businesses and bank lending

Published on 0000-00-00 00:00:00

According to a new research report  amongst UK SMEs  (Small Medium Entrprises) from Metro Bank (metrobankonline.co.uk), British “micro businesses” are being let down by their business banks. While 43% of larger SMEs (with between 50 a > read more

Green Energy Bond Launched onto UK Market

Published on 0000-00-00 00:00:00

On 25th May 2011 global renewable energy company Wind Prospect Group (windprospect.com) launched a corporate retail bond onto the UK market with the aim of raising £10m. The renewable energy bond called “ReBonds” will deliver a fixed rat > read more