Banks & Finance News
Hi-Scot Credit Union has its Annual General Meeting on Wednesday 12th December 2018 at 4.00pm. The office of the credit union is based in Stornoway and due to the geography of Highland and Islands has moved more and more online.
Scottish Government Launches ‘people, Not Profit' Campaign To Support The Scottish Credit Unions Sector. The ‘People, Not Profit' credit unions campaign has been launched by Aileen Campbell, Cabinet Secretary for Communities and Local Government today (Wednesday 14 November 2018), as results of a new survey reveal that one in five (20%) people in Scotland have not heard of a credit union.
Individuals, businesses and community groups in and around 14 communities in the Highlands and Islands have an extra two weeks to take part in an online survey on rural banking services. Among other things, the survey asks about the importance of being able to withdraw and deposit cash locally, experiences of using Post Office and mobile banking services, and the perceived impacts of local branch closures.
Royal Bank is to close 62 Royal Bank of Scotland and 197 Nat West branches. The Wick branch is one on the list.
Hi-Scot Credit Union has been in business for over 10 years and initially started in the Western Isles expanding into the other areas of Highlands and Islands a few years ago. With an increasing membership now standing at over 2500 the group headed up by a small team of staff and a volunteer board of directors Hi-Scot Credit Union is going from strength to strength.
The agriculture sector in Scotland is showing signs of growth as famers successfully navigate uncertainties linked to currency fluctuations and future subsidies, analysis by Clydesdale Bank shows. The farming sector in Scotland saw a drop in Total Income from Farming from £775 million in 2014 to £653 million in 2015.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
* 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.
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.