The disparity between savers’ returns and borrowers’ rates grows wider Money&Co. CEO Nicola Horlick lambasts UK banks and their policy on savings and loan rates in a her latest, hard-hitting blog. “There is no justification for the banks to reduce interest rates for savers. They certainly are not reducing the rates they charge borrowers,” she […]
Savers’ rate cuts aren’t passed on to borrowers Savers have had a tough time over the last few years. Banks continue to pay extremely low rates of interest to depositors and, despite talk of interest rates rising in due course, RBS and Barclays decided recently to cut the savings rate for certain customers. More specifically, […]
Mecmesin was an A-rated £1m loan with a hugely superior yield Half a million savers at Royal Bank of Scotland (RBS) and NatWest will see their interest rates cut by the end of the year as part of what banks are describing as a “simplification” of their product ranges, reports the Telegraph. The move follows […]
When will the UK government press the button on crowdfunded NISAs? The New Individual Savings Account (NISA), which enables individuals to hold up to £15,000 of assets tax-free, will expand their investment remit to include crowdfunding assets. The big question is when the government will allow them to do so. The administration’s intentions are clear […]
Either a borower or a lender be… Crowdfunding offers attractive prospects on both sides of the equation The Bank Holiday week end brings the close of another successful funding auction – £540,000 has been raised for engineering company, Milturn. Congratulations to the company and to its lenders. So what lies ahead? Specifically, what will autumn […]
Crowdfunding has its own quick fixes, according to Money&Co.’s Nicola Horlick Following an excellent response to yesterday’s excursion into deposit-account savings analysis, we thought we’d follow up with a look at instant-access deposit accounts. According to independent financial commentary site, moneywise.co.uk, the top three accounts, ranged in order of yield, offer 2.4 per cent at […]
Get on the screen, and make the comparisons. Is your cash working hard enough for you? Sunday – lie-ins, roast dinners, pub lunches, maybe the football on television. And maybe, just maybe, this Sunday might also offer an opportunity for a cool-minded review of your finances and a careful check that you’re making your cash […]
House price inflation penalises the young, but crowdfunding investment can help In her latest blog, Money&Co. CEO Nicola Horlick argues that rampant house price inflation effectively penalizes the younger generation by transferring wealth to the old. She details the potentially disastrous the social and economic effects of rampant real-estate inflation, but says that the […]
Attractive crowdfunding yields from carefully vetted compnaies can help with a deposit A recent survey conducted by Lloyds Bank has found that the amount of money saved by families has halved over the past forty years. In the 1970s, despite this being a period of financial turmoil for Britain, households saved just under 10 per […]
As featured in the Evening Standard. But who found the growth funding? Congratulations to one of our early borrowing success stories, Soulful Foods. Headed by CEO Iain Burke-Hamilton, the company, which Iain describes as making “wholesome comfort food for people on the go” raised £360,000 in a loan auction that closed in July. Iain and […]