Bank account holders who exceed their overdraft limit can expect to be charged an extra £5 every time they do so, new figures have suggested. Analysis of the current account market by MoneyExpert.com has revealed banks are increasing charges for…

Nationwide has announced changes to its range of mortgage products. Effective from Friday November 21st, the lender reduced the price of some of its two-year fixed-rate products by up to 0.8 per cent, which may be tempting to homeowners who…

Overdraft rates are on the increase despite the base rate cut earlier this month, new figures have suggested. According to data from Moneyfacts.co.uk, Yorkshire Bank and Clydesdale Bank have increased their overdraft interest rates by as much as 7.31 per…

Alliance & Leicester has issued advice to the over 50s who are looking to make better use of their money during the current financial crisis. The bank is promoting its Premier 50 account, which gives holders a high rate of…

The recent interest rate cut has prompted 24 savings providers to cut their rates, with 14 implementing a reduction of between 1.5 and 2.55 per cent, Uswitch.com has found. Lloyds TSB, Capital One Savings and Irish Nationwide are among the…

Alliance & Leicester has announced it is to introduce two new mortgage options. The lender is to launch a new base rate tracker mortgage, as well as a fixed rate package. Both of the options will be available on two-year…

Abbey has announced it has reduced the rates on its most popular two-year fixed-rate deals by up to one per cent. And the firm has also introduced a new range of two-year base rate tracker mortgages after it, along with…

It is important lending only takes place to those who are able to repay the debt, the Money Advice Trust has stated. A spokesperson for the charity noted that lending decisions over the past few years “might have not been…