Savers are set to see big reductions on the amounts they earn in interest from their cash after Thursday’s Bank of England base rate cut, experts have warned. The Bank of England has slashed the rate from 4.75 per cent to 4.5 per cent. Returns on savings tend to fall as the base rate does.
Financing a car purchase can be costly. However, if you’re a military member who’s in the market for a car loan, you may be able to secure lower interest rates and other benefits thanks to your military status. Below, CNBC Select rounded up the best military car loans. We ranked them based on repayment terms
Nithin Kamath, the founder and CEO of Zerodha, has raised alarm over India’s growing borrowing habits, particularly in the segment of small-ticket personal loans and credit card borrowings. According to Kamath, aggressive marketing strategies by fintech apps have fueled this trend, with an increasing number of individuals taking loans they cannot afford. Kamath highlighted a
The higher your credit score, the better your chances are to get approved for financial products — like personal loans — with a lower interest rate. Still, there are personal loans you can get if you have a fair or bad credit score. Some lenders cater to applicants with lower credit scores in the poor
4 min read Last Updated : Aug 26 2024 | 8:13 PM IST Indian households invested Rs 29.7 trillion in financial assets in 2022-23, according to a special research report by the State Bank of India. Of this, 33.4 per cent was held in bank deposits, 6 per cent in mutual funds, and 0.9
Federal Reserve Chairman Jerome Powell. Andrew Harnik | Getty Images Federal Reserve chair Jerome Powell on Friday gave the clearest indication yet that the central bank is likely to start cutting interest rates, which are currently at their highest level in two decades. If a rate cut comes in September, as experts expect, it would
Pay Dirt is Slate’s money advice column. Have a question? Send it to Athena, Kristin, and Ilyce here. (It’s anonymous!) Dear Pay Dirt, My father-in-law is a very old-fashioned man. He lost his only son when he was in high school. It is a family tradition to name sons after their fathers. So he is “John VI.” He
Investors who adhere to the contrarian investment philosophy can find resonance in the experiences of Bruce Flatt, CEO, Brookfield Asset Management. In contrast to many of his counterparts, Flatt refrains from hastily investing in the latest trendy stocks or assets. His approach involves going against the prevailing market sentiment and making bets that diverge from
Sovereign Gold Bonds (SGBs) are currently trading at a premium over their reference prices on exchanges, driven by their tax benefits and attractive coupon rates. With speculation over new issuances in the future, these listed bonds have seen increased demand. By mid-August 2024, the top 15 most liquid SGB series were closing 8% higher than
3 min read Last Updated : Aug 14 2024 | 11:30 PM IST Investments in gold exchange-traded funds (ETFs) rose to Rs 1,337.4 crore in July 2024, the highest since February 2020. After experiencing an outflow of Rs 395.7 crore in April, gold ETFs saw inflows of Rs 2,890.9 crore between May and July.