Bridging and Commercial, March 17th 2016
OakNorth increases rates on savings accounts
OakNorth has increased interest rates on its fixed-term accounts to meet demand for business loans, and property development and investment loans.
thisismoney.co.uk, March 12th 2016
At last! Banks may have to start paying YOU interest on your current account: Challengers call for 0.5% minimum as big players fear watchdog ruling
Challenger banks – new operators set up since the financial crisis – have called for interest to be obligatory and to be paid at the level of at least the Bank of England base rate. At today’s rate of 0.5 per cent, that would force the banks to pay £1.5 billion a year to their customers.