Icesave launched in the UK in October 2006 as an online savings provider. Icesave is part of Landsbanki, one of the largest quoted financial services companies in Iceland, with worldwide assets totalling Euro 31.9bn, and assets exceeding £6bn here in the UK. So you can be sure that the financials underpinning Icesave are pretty strong.

Since 2006 Icesave has attracted over 200,000 customers and continues to grow thanks to its attractive interest rates and simple and transparent application process. Facts that ensure Icesave consistently appears at the top of best buy tables in the National Press and on financial comparison websites. (more…)

As expected, the Bank of England’s Monetary Policy Committee have kept interest rates on hold at 5%. With inflation at 3.3% against a target of 2% this was the only decision the MPC were likely to take, despite incresing economic concerns and fears that the UK could be entering a recession. If there are further signs of a downturn, the Bank must be prepared to act quickly and cut rates.

The Nationwide Building Society has raised the cost of its fixed rate mortgage for the second time in two weeks, meaning its two-year fixed rate deal has gone up by 0.5%. The Nationwide is not alone in this move as Woolwich has also raised rates. In fact, the Woolwich plans to pull itw two-year fixed rate range as funds run out. (more…)