Savings

Halifax has added a gimmick to its savings range by entering savers with at least £5,000 with the bank into a monthly prize draw to win up to £100,000.

Banks should separate their investment and retail arms to help prevent a future financial crisis, the Independent Commission on Banking (ICB) said today.

The Bank of England today announced it is holding the base rate at its 0.5% historic low for the 30th consecutive month.

Government bank National Savings & Investments (NS&I) has today pulled its index-linked savings certificates that guarantee to beat inflation.

The Bank of England today announced it is holding the base rate at its 0.5% historic low for the 29th consecutive month.

Yorkshire Building Society (YBS) will buy the savings and mortgage business of Egg from its current owner Citigroup.

Pressure on the Bank of England to raise interest rates eased today as inflation showed an unexpected fall in June.

Chancellor George Osborne is today expected to give approval to plans to force banks to erect a protective firewall between their retail and investment arms, in a bid to prevent a repeat of the financial crisis of 2008.

The Bank of England today announced it is holding the base rate at its 0.5% historic low for the 27th consecutive month.