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Bank raises interest rate on fixed Cash ISA to ‘excellent’ 5.01%

Shawbrook Bank has increased the interest rate on its one-year fixed ISA to 5.01 percent, earning an “excellent” Moneyfacts rating.The account can be...

Thousands of ‘special interest aliens’ illegally entered US via San Diego since October, CBP data shows

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HSBC records pre-tax profit of £24bn due to high interest rates

Banking giant HSBC has announced pre-tax profits rose by 78% - fuelled largely due to the high interest rates.Its pre-tax figures show profit...

Inflation is on the run and even BoE has noticed. Now it HAS to cut interest rates

Bailey said that consumer price inflation (CPI) doesn't have to fall to the BoE’s target of two percent before it starts cutting interest...

Bank launches 'market-leading' savings account paying inflation-beating interest rate

Investec has launched a new fixed-rate savings account paying a market-leading 4.62 percent AER.Savers can invest between £5,000 and £250,000 in the account,...

Interest rates could be cut as Andrew Bailey says economy shows 'distinct signs' of upturn

The announcement last week that the UK has entered a mild recession prompted fresh speculation that the Bank’s monetary policy committee (MPC) could...

Yorkshire Building Society to pull 'competitive' 6% interest savings account in days

Yorkshire Building Society has today announced that its Christmas regular savings account is to be withdrawn from sale in a matter of days.The...

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