Marcus Bank finally launches another savings account after 18 months… but the new one-year fixed-rate pays less than its original easy-access Marcus launched a 1.5% easy-access account in September 2018 Today it added to that with a new 1.45% short-term fix While the rate is not a best buy, it is a competitive rate and … Read more
Some coronavirus tests could return false-positive results for 47 percent of samples, a study abstract from China suggests. ‘In the close contacts of COVID-19 patients, nearly half or even more of the ‘asymptomatic infected individuals’ reported in the active nucleic acid test screening might be false positives, wrote the authors from Jiaotong University in Xi’an, … Read more
Savers with memories of the aftermath of the financial crisis might have felt a sense of déjà vu after the Bank of England’s emergency press conference on 11 March. But while an emergency base rate cut of half a percentage point, followed by another one eight days later which took the bank rate to its … Read more
Small banks hand savers a lifeline despite two quickfire base rate cuts as best buy short fixed-rate deals appear… but they may disappear fast The Bank of England has cut its base rate from 0.75% to 0.1% in eight days This has led to a fear of a raft of savings cuts and best buy … Read more
What is the coronavirus? A coronavirus is a type of virus which can cause illness in animals and people. Viruses break into cells inside their host and use them to reproduce itself and disrupt the body’s normal functions. Coronaviruses are named after the Latin word ‘corona’, which means crown, because they are encased by a … Read more
What is the coronavirus? A coronavirus is a type of virus which can cause illness in animals and people. Viruses break into cells inside their host and use them to reproduce itself and disrupt the body’s normal functions. Coronaviruses are named after the Latin word ‘corona’, which means crown, because they are encased by a … Read more
Shares and sterling rally after the Bank of England slashes interest rates to a record low of 0.1% By Lucy White For The Daily Mail Published: 21:50 GMT, 19 March 2020 | Updated: 22:13 GMT, 19 March 2020 Shares edged higher yesterday and sterling swung wildly after the Bank of England slashed interest rates to … Read more
Bank of England slashes interest rates to just 0.1% to help boost UK economy as ministers unveil emergency laws to tackle the spread of coronavirus Bank of England’s Monetary Policy Committee had a special meeting today Committee decided to cut interest rates from 0.25 per cent to just 0.1 per cent It is second interest … Read more
Could this huge rate chop from Ford Money signal an imminent savings bloodbath after the base rate cut? The savings bank slashed its best buy deals by 0.4 and 0.42 percentage points Its one-year fixed-rate deals were the best around and now pay less than 1% Banks have already started responding to last week’s Bank … Read more
Sainsbury’s shares rise as it reveals £500m saving from government stimulus package giving retailers a 100% business rates holiday Sainsbury’s customers can now buy no more than three of a grocery product Tesco’s 24-hour stores will no longer be open all day so that they are restocked EU drivers’ hours rules have been relaxed so … Read more