Credit card interest rates hit a record high this month despite a record low base rate as providers hiked the cost of borrowing for those with poor credit histories or turned down by mainstream banks. The average credit card purchase APR now stands at 25.5 per cent, up from 24.1 per cent last June, after … Read more
Savings rates plunge to lowest level on record during coronavirus crisis with the average account paying just 0.27% By Daily Mail City & Finance Reporter Published: 22:21 BST, 15 June 2020 | Updated: 22:21 BST, 15 June 2020 Savings rates have plunged to the lowest level on record during the Covid-19 crisis with the average … Read more
Savers abandon cash Isas as interest rates plunge and pour money into easy-access accounts By Sylvia Morris For The Daily Mail Published: 22:03 BST, 9 June 2020 | Updated: 22:03 BST, 9 June 2020 Savers are fleeing cash Isas and pouring money into easy-access accounts instead. Around £1 billion was withdrawn from cash Isas between … Read more
In nearly every state in the US, black Americans represent a higher proportion of coronavirus deaths than they account for members of the population – yet black Americans are 27 percent less likely to get a vaccine against the virus than white or Hispanic Americans, new data reveals. A Pew Research Center survey found that … Read more
Goldman Sachs-backed Marcus Bank has brought back its one-year fixed-rate deal, but the account now pays a lower rate than its easy-access deal. The bank launched a 12-month bond paying 1.45 per cent towards the end of March, expanding its offering beyond its sole easy-access account which at the time was paying 1.3 per cent. … Read more
Top fixed rates are disappearing: Average account now pays just 0.3% compared with 0.75% ten years ago By Sylvia Morris For The Daily Mail Published: 22:01 BST, 2 June 2020 | Updated: 23:18 BST, 2 June 2020 Savers are being urged to snap up top one-year fixed rates before they disappear — but you should … Read more
Borrowers applying for a mortgage should brace themselves for delays and demands for additional paperwork. Banks and building societies have introduced a raft of new checks in response to the Covid-19 crisis to ensure homebuyers’ finances are stable. Experts say you should now expect more questions about your employment status, with some lenders insisting borrowers … Read more
Hopes for foreign holidays this summer have been revived after Boris Johnson was urged to relax his controversial quarantine plan. From next week, people coming into the UK from abroad will have to quarantine for 14 days to stop the spread of coronavirus. But with business chiefs warning this will wreck the travel and hospitality … Read more
RUTH SUNDERLAND: Negative interest rates are an insidious way of making savers finance Government’s debt pile, but economies that victimise the thrifty seldom thrive in the long run By Ruth Sunderland for the Daily Mail Published: 22:20 BST, 31 May 2020 | Updated: 22:29 BST, 31 May 2020 Savers, collectively, are losing billions of pounds … Read more
New York City vaccination rates among children have dramatically fallen during the coronavirus pandemic. Mayor Bill de Blasio told reporters during a press conference on Wednesday that the number of administered vaccines is down 63 percent compared to this time last year. Immunizations overall have fallen by about two-thirds from this time in 2019. Among … Read more