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Banks & Finance News

18/1/2017
Clydesdale Bank Branch in Thurso To CloseThumbnail for article : Clydesdale Bank Branch in Thurso To Close
In September 2016 CYBG PLC, the parent company of Clydesdale Bank, announced that its branch network would be reducing as part of the Bank's strategy to create a truly integrated digital, mobile, telephone and branch service for its customers.   Following last year's announcement, Clydesdale Bank has today confirmed that it will close 40 branches in 2017.  
2/10/2016
So you don't want to save? - Then Don't Join A Credit Union!!
You don't want to save so you won't want to read this item about credit unions.   It is easy to do now in Highland and Islands now that Hi-Scot credit union is online with its services for savers and borrowers.  
25/9/2016
Credit Union Payroll Deductions for Scottish EmployersThumbnail for article : Credit Union Payroll Deductions for Scottish Employers
In a report by Scottish Government published earlier in 2016 entitled "Scotland's Credit Unions - Investing in Our Future" The First Minister Nicola Sturgeon wrote a letter to employers as follows - Dear As First Minister of Scotland I am delighted to be able to offer this letter in support of the work of credit unions and at the same time encourage the uptake of payroll deduction schemes for employees with credit union accounts.   Credit unions make an invaluable contribution to providing financial services and products to a wide range of customers.  
3/9/2016
Want To Save Or Need A Low Cost Loan - Think Hi-Scot Credit UnionThumbnail for article : Want To Save Or Need A Low Cost Loan - Think Hi-Scot Credit Union
Hi-Scot - A Credit Union for YOU.   HI-Scot has been in existence since 2006, though up until 2010 was under the name of Western Isles Credit Union.  
23/4/2015
Credit Card Transfers Are Fee Free With TSBThumbnail for article : Credit Card Transfers Are Fee Free With TSB
TSB has launched an exclusive credit card offer for people who have a TSB bank account.  Helping people make more of their money, the bank is refunding the 1% balance transfer fee for customers taking out a new Platinum Purchase Credit Card.  
18/2/2015
Local Banking on Demand: TSB Launches New Mobile Banking AppThumbnail for article : Local Banking on Demand: TSB Launches New Mobile Banking App
TSB has improved mobile access for customers this week, by launching a new and improved mobile banking app for Android and Apple smartphones and tablets.   The new app will make it quicker and easier for customers of TSB to carry out their day-to-day banking activity wherever and whenever is most convenient for them.  
24/12/2014
Make the Most of the Sales by Earning Cash Back With Bank of Scotland Everyday OffersThumbnail for article : Make the Most of the Sales by Earning Cash Back With Bank of Scotland Everyday Offers
In the year since Bank of Scotland launched Everyday Offers, Bank of Scotland customers have benefitted by earning up to 15% cash back on their everyday spending at places including Argos, The Body Shop, Morrisons and O2, through the initiative.  During the festive sales, it's not too late for savvy shoppers to make the most of their spending by selecting the participating merchants they want to activate for use on their next purchases.  
Phil Anderson Financial Services
Phil Anderson Financial Services joins national award scheme recognising the best independent mortgage brokers in the UK.   Phil Anderson Financial Services, the Caithness based financial advisers has entered the Best Independent Mortgage Broker category in The ESTAS, the largest award scheme in the UK residential property market.  
21/8/2014
Bank of Scotland Offers Two Months Mortgage Interest Back
Bank of Scotland is refunding two months interest1 - up to a maximum of £1,000 - for Homemovers and First Time Buyers when they take out a qualifying mortgage.   Available from 19th August until 6th October, the offer is available to customers choosing and completing on a qualifying mortgage product2.  
13/8/2014
Government Takes Action to Promote the Provision of Affordable Credit Through Credit Unions
The Economic Secretary to the Treasury, Andrea Leadsom, today encouraged employers and voluntary sector organisations to engage with credit unions to help them provide affordable credit and responsible financial services in their communities.   Following the launch of the government's call for evidence on credit unions in June, the Economic Secretary today visited London Mutual Credit Union to hear first-hand how credit unions are providing a payday loan product at a fraction of the costs charged by payday lenders.  
2/8/2014
"New Switching Figures Hint at a Big Bank Backlash"
Matt Sanders, Gocompare.com's banking expert, said: "These figures make interesting reading and it's clear that customers have been enticed by incentives and cash back deals.  The figures show that the biggest winners are Santander with its 123 account, which offers varying amounts of cashback, and Halifax with its £100 payment for those who switched to its Reward account, as well as the £5 per month in credit incentive.  
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6/6/2014
From ISA to NISA - What's Different About The New ISA?
ISAs are changing into a new, simpler product as part of changes announced in the 2014 Budget.   From 1 July, the 'New ISA' (NISA) will have an annual allowance of £15,000 - the biggest ever increase to ISA limits - and all or part can be invested in cash, stocks and shares or whatever combination of the two that you choose.  
13/5/2014
PMI Dips in April, but Still Points to Solid Private Sector Growth
* Output levels rise solidly in April, albeit at slowest pace in four months * Faster increases in new business and backlogs of work * Inflationary pressures strengthen slightly.   Scotland's private sector economy continued to grow in April, the latest Bank of Scotland PMIreport showed, with output and employment both rising on the month.  
21/2/2014
More RBS Business Through Post Offices Soon
RBS and NatWest extend services to customers through the Post Office.   From later this year, NatWest and RBS personal and business customers can make deposits or pay in cheques at any of the Post Office’s 11,500 branches Customers can already withdraw cash, and check their balance NatWest and RBS are extending the services personal and business customers can use through the Post Office from later this year to include pay-ins of cash and cheques.  
28/11/2013
Council steps up opposition to pay day lending
The Highland Council is to write to the UK Government, the Scottish Government and the Convention of Scottish Local Authorities to highlight its total opposition to the high-cost short-term credit offered by pay day lending companies and the misery that spiralling debt brings to the poorest in society.   A priority, they say, is to cap the level of interest on the repayment of loans, which can be as high as 4,000 per cent, at no more than 60 per cent.  
12/12/2012
HI-Scot Credit Union Can Help Savers and Borrowers in 2013
As we approach 2013, nearly five years on from the start of the Credit Crunch of 2008, households in the Highlands and Islands Region continue to face many financial challenges.   There are challenges for both borrowers and savers in equal measure; whether it is the saver who has seen interest paid on savings being slashed, or the borrower who can no longer access credit from their Bank.  
18/9/2012
Save, Borrow, Plan for Tomorrow
HI-SCOT Credit Union is now operating across the Highland area and provides an opportunity for people in the community to come together to save, and borrow money at low rates.  Credit Unions are not-for-profit co-operatives, with surpluses being returned to members.  
31/3/2003
Bank Of Scotland & RentSmart to Launch UK's First Point of Sale Small Business ProductThumbnail for article : Bank Of Scotland & RentSmart to Launch UK's First Point of Sale Small Business Product
Scotland's 143,000 small and medium sized businesses will soon have access to a previously unavailable source of finance, with the launch of a pioneering point of sale rental finance facility.   Bank of Scotland Business Banking and innovative Australian financial services company, RentSmart have created a joint venture, RentSmart Ltd that will launch the new facility in the UK in May.