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Fancy playing stock broker? Get 2 months FREE online trading!
The big news this month has been the massive drop in Bank share prices; RBS' shares plummeted a massive 67 per cent in one day while the newly formed Lloyds Banking Group, Barclays and HSBC all saw their share prices fall dramatically too.
This is obviously bad for the banks, but for astute financial minds, the volatility in the banking sector could be the prefect opportunity to make some money on the stock market!
Buyers of bank shares are currently outnumbering sellers by almost four to one as members of the public play stock broker thanks to simple and easy to use online share dealing accounts!
This huge surge in trading activity shows that people are looking to take advantage of the sharp falls across the banking sector and are seeing it as a big opportunity to invest – this may or may not be the right strategy, but people are obviously confident that bank shares are going to bounce back at a later date and if they do, those who bought at record low prices will be laughing.
If you are interested in online share dealing, you should check out the TD Waterhouse share dealing account – it is currently offering 2 months of trading commission FREE! You get access to the London Stock Exchange, European and North American markets all from one sterling account as well as access to a wide range of tools such as news, information, watchlists and alerts on price changes.
Saving a pretty packet – check out the latest saving deals!
Although the Bank of England's decision to cut the base rate to 1.5% has affected savings, forcing many providers to cut rates on their accounts, there are still some great deals to be had, and it is worth getting in sooner rather than later before they are cut any further! One of the best deals around at the moment is the ING Direct Savings Account, which is offering 4% AER on an instant access account!
And, with the April tax deadline looming, it is the perfect time to start thinking about making the most of your tax free savings allowance. The ISA allowance is £7,200 for stocks and shares ISAs and £3,600 for cash and there are some great offers on the market; check out our latest ISA deals for more information! And, if you have kids, make sure you are making the most of their Child Trust Funds – you can put up to £1,200 into their account every year, and neither you or your child will pay tax on income and gains on the money! Why not check out latest offer from The Children's Mutual – they are offering £30 of FREE Mothercare Vouchers when you apply online!
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January 2009
| What's new |
| The big news this month is that the Bank of England has cut the base rate by a further 0.5%, bringing it down to 1.5% - the lowest since the Bank was formed in 1694! This is great news for people with tracker mortgages, as many big lenders have already started to pass on the new rate to their customers! First time buyer? Looking for a better deal? Check out leading mortgage deals here! |
| Our Top Picks |
| Home Insurance |
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HBOS Personal Loan
8.1% APR typical for loans |
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| Savings Account |
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Tesco Home Insurance
get £35 cashback |
| Apply now |
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| Credit Card |
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Virgin Credit Card
0% on balance transfers for 16 months!! |
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| Travel Insurance |
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Churchill Car Insurance
up to 50% discount! |
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| About Fair Investment |
Fairinvestment.co.uk is an independent website offering news, information and comparison tools to help you get the best deal on a wide range of financial products and services including mortgages, loans, car insurance, home insurance, credit cards, savings accounts, investments, gas and electricity and broadband as well as help with consumer issues like reclaiming bank charges and endowments!
Fair Investment Company Limited is an independent company and is not linked in any way to any of the companies features in this newsletter. Nothing contained in this letter constitutes advice. If you are unsure as to whether a particular product is suitable for you, you should seek the services of an independent financial adviser or go to the www.fairinvestment.co.uk website where you can be put in touch with an independent adviser.
Fair Investment Company Limited is authorised and regulated by the Financial Services Authority (FSA). All figures in this email are correct as at 27/01/2009. |
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