HSBC Expat is a participant in the Jersey Bank Depositor Compensation Scheme. The Scheme offers protection for eligible deposits of up to £50,000. The maximum total amount of compensation is capped at £100,000,000 in any 5 year period. Full details of the scheme and banking groups co...
This varies from bank to bank. Types of High Interest Savings Accounts There are numerous types of high-interest savings accounts, each offering slightly different variations of the factors mentioned above. They will differ by the term of the fixed interest rate. Longer fixed terms usually ...
Bank of England governor Andrew Bailey kicks off the news conference by saying he hopes more interest cuts are coming - but that those decisions depend on inflation. He says the Bank predicts inflation will rise this year from the current 2.5%, peaking at about 3.7% befo...
While the British economy is better than feared, with no immediate recession expected, there are concerns about the impact of global financial fragility. The UK remains resilient. But that is another cloud weighing over the Bank's decisions, with some memories of the quickly-reversed rises made ...
Bank of England Base Rate is 4.50%, effective from 6th February 2025.Business deposit accounts We advise changes to interest rates on these accounts in accordance with the provisions of the Customer Agreement. For full terms and conditions relating to each account, please contact your Relationship...
TD Bank0.02%$0Read review Chase0.01%$0Read review Wells Fargo0.01%$25Read review Bank of America0.01%$100Read review Interest rates for linked checking and savings Linking your savings account with achecking accountis one way to earn a higher yield at some banks. Sometimes calledrelationship rate...
2024-06-03 13:00:31 · Bank of England This statistical release contains average interest rates across deposit or loan accounts with UK banks and building societies, calculated using data on rates and balances. Key points Commentary on this data is now incorporated into the Money and Credit ...
UK interest rate: Bank of England governor warns it is 'very, very premature' to be talking about interest rate cut 'We've got quite a long way to go' The Bank of England has warned against complacency after freezing its interest rate at 5.25%....
One of the Bank of England’s more hawkish policymakers on Monday indicated that she did not back pausing interest rate rises, arguing that the UK central bank still needed to do more to ensure tighter monetary policy was working. Speaking to a business audience in Canada, Catherine Mann oppos...
The Bank of England has urged caution and stated a flurry of interest rate cuts is unlikely, especially after the spending plans and tax hikes announced in the government's Autumn Budget is likely to cause inflation to rise. The UK economy is growing less than expected –The accept...