• Keep your banking information secured

    Keep your banking information secured

    Don’t be astonished choosing a password for your Internet banking account is very important. Before you put your password for Internet Banking, make sure that you choose a password that only you can remember. A strong password has ideally at least 14 characters or more – certainly the more the better. The password must be composed of letters, numbers and other symbols. You can use upper and lower case to improve the complexity of...

    http://bank-rates.org/financial-consultant/keep-your-banking-information-secured
  • Alluring bank rates and easy profit

    Alluring bank rates and easy profit

    The banking industry is alluring. In the last ten years, competition among financial institutions has created many opportunities to make extra money with the best Bank Rates. There are two main reasons for this new competition: reduced regulation and appearance of the Internet. With widespread access to broadband, online banks can now offer loads of features that traditional banks can not. In addition, these online banks can offer the best...

    http://bank-rates.org/financial-consultant/alluring-bank-rates-and-easy-profit
  • Online banking: advantages and disadvantages

    Online banking: advantages and disadvantages

    Most online banks offer higher interest rates or other offers on savings accounts and other banking products because these banks have less overhead. There is not much building to pay and there are fewer employees. Account information and services are available 24 hours a day, every day. An exception to this rule would be for online banks may need to go offline for a couple of hours to update and maintain systems. Most online banks have no fees...

    http://bank-rates.org/financial-consultant/online-banking-advantages-and-disadvantages
  • What you need to know about bank rates

    What you need to know about bank rates

    People need the loans for different reasons and things. You can choose different loans, such as home loans, car loans, student loans, business loans and other types of loans. Don’t forget that the percentage varies in different types of loan . Banks will typically have lower percents in regards to percents match to other financial institutions. Before apply for a loan, you must know the rate of bank loans. If you need to buy a house for...

    http://bank-rates.org/financial-consultant/what-you-need-to-know-about-bank-rates
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Comparing rates still imperative when shopping for a mortgage loan

By Admin | Jan 20, 2011

You will always need to compare mortgage rates before choosing a mortgage lender in particular, not all lenders will offer you the same rates. Some lenders try to put you in extra costs to your new mortgage, it is important that you spend some time to shop around, because it will help you find the best deal on your new mortgage. The most effective way to receive multiple quotes from various mortgage lenders is to use a Web service that will provide you several quotes from approved lenders in your area after completing a single application. Knowing where to look for bargains online is important and this information will provide consumers with helpful tips to get the lowest mortgage rates available.

When you compare mortgage rates, it is important to bear in mind not only the interest rates you are offered, but the mortgage closing costs that you incur by refinancing. Read more…

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Tags: mortgage, Mortgage Loan
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UK house prices fell again in December

By Kenneth Moore | Jan 10, 2011

Prices fell 1.3pc, an average of more than £2,000 to £163,435, between November and December, Halifax said – far more than the 0.4pc economists had forecast and contributing to a 0.9pc fall in the last quarter of 2010.

House prices were 3.4pc lower than in December 2009, the Halifax’s latest figures showed.

In the three months to December, prices were 1.6pc lower than the previous year, and Halifax said prices were likely to keep falling in 2011.

“We expect limited movement in house prices during 2011 but with the risks on the downside,” said Martin Ellis, housing economist at Halifax. “Uncertainty about the economy, weak earnings growth and higher taxes could put some downward pressure on demand.”

Regions which are harder hit by government spending cuts will see more change in house prices this year, Halifax predicted.

Read more…

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Tags: December, Prices Fell
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Homeowners should prepare for interest rates of 5pc, warns Bank of England markets chief Paul Fisher

By Kenneth Moore | Dec 24, 2010

In an interview with The Daily Telegraph, Paul Fisher, the executive director of markets and a member of the rate-setting Monetary Policy Committee (MPC), said central bank policymakers would like rates to increase as much as tenfold from their current historic low of 0.5pc as soon as possible.

“We hope people are aware that interest rates at some point will go up again and that they will head back to a normalised position,” he said. Confirming that “normalised” rates would be “around” 5pc, he added: “What we need to do is to trigger the mindset in people that that’s where rates will eventually go back to.”

Paul Fisher interview – the full transcript

His comments came as minutes from this month’s MPC meeting suggested that policymakers are already considering rate rises to stave off the risk of soaring inflation. “Most of those memb Read more…

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Tags: Fisher, Paul Fisher
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Ask the expert: Teaching a student about saving and banking

By Kenneth Moore | Dec 24, 2010

Q: My son is in high school and just got his first job. I have money set aside for his college tuition, but I want to teach him about saving money. How much of his tuition do you think it’s fair to ask him to contribute?

A: Whether or not you’ve saved tuition money in advance, having your children contribute some of the money needed for college can be an opportunity to teach them about goal-oriented saving, and with any luck will help them recognize the sacrifice that goes into affording college. It also can help your children accomplish a very worthwhile college goal–graduating without a mountain of debt.

With that said, when a teenager starts working, it is important to let him or her see that work is not all about effort and sacrifice. It is

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Tags: Saving, Saving Banking
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Bank of England: Key risks to the UK financial system

By Kenneth Moore | Dec 20, 2010

• Increased concern among investors about nations’ debt levels, their ability to finance themselves and prop up their banks. As seen in Ireland, which received a £72bn bailout from the European Union and the International Monetrary Fund, and Greece, which has also been given financial aid by the EU and IMF. If investor unwillingness to lend to nations spreads further across Europe, it would pose a risk to Britain’s banks.

• Because of the low interest rates available in developed economies, investors are looking for better returns than they get leaving their money in the bank. High-growth emerging markets such as China and Turkey are seen as attractive, but too much capital flowing into those economies could lead to unsustainable bubbles in, for example, property prices. UK banks with large exposure to emerging markets are at risk from this scenario.

• If government bond yields suddenly rise from their low levels, then bond prices, which move in the opposite direction to yields, would tumble. That w Read more…

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Tags: Bank, Bank England
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