UK Interest rates go down, down, deeper and down
Posted by Cashzilla in banking on 05. Mar, 2009 | 1 Comment
What is going on around the financial world at the moment. I stop blogging for a year and the world’s economy and banking system collapses. Sheesh!
Here in the UK the interest rate has today gone done to yet another record low, a mere 0.5%! Though I doubt many of the banks (if any) [...]
Bank of England rate has risen yet again
Posted by Cashzilla in banking on 14. May, 2007 | 2 Comments
It was inevitable. The UK Bank of England rate has risen yet again, now reaching 5.5%. After years of continuously rising house prices, and the base rate remaining static, this is now the fourth rise since September, with some analysts predicting rates will probably rise yet again in the near future to reach [...]
Credit card interest free periods may not be all they appear
Posted by Cashzilla in credit cards on 10. May, 2006 | 3 Comments
Those pesky credit card companies which are offering longer and longer interest free periods in order to attract new customers have started new methods to get back the money they lose due to rate tarts. Some months ago most of the card companies started introducing a transfer fee of aroung 2% payable on the amount [...]
Rate tarts losing ability to cherry pick
Posted by Cashzilla in credit cards on 26. Jul, 2005 | No Comments
A “rate tart” is someone who switches from one zero per cent introductory credit card deal to another to avoid paying interest; however they may be set to become something of the past. Recently a number of the major credit card companies, including Egg, Barclays, the Royal Bank of Scotland and MBNA have introduced transfer [...]
