Unemployment falls by 82,000 in recent quarter

Unemployment falls by 82,000 in recent quarter
Date of Publication: Wednesday, 12 December 2012 13:41

UK employment has risen to 29.6 million, the highest figure since records began over forty years ago.

 

Unemployment fell by 82,000 between August and October, according to the Office of National Statistics (ONS), which is helping to dispel fears that Britain is heading towards a triple-dip recession.

 

The falling rate of unemployment, from 8.0% to 7.8%, marks the biggest fall in a three-month period for 11 years.

 

The ONS said that unemployment fell to 2.51 million, with the number of out-of-work people claiming Jobseeker’s Allowance falling by 3,000 in November.

 

A fall in public sector jobs was compensated by a healthy rise in private sector opportunities, while many have taken matters into their own hands in the last few years and become self-employed.

 

There were also promising figures for youth unemployment, with the number of unemployed 16-24 year olds not in full-time education falling by around 12.5%, to 626,000.

 

Ministers pointed to greater flexibility in the jobs market, with a significant increase in full-time jobs, though analysts have pointed out that continued ‘underemployment’ is limiting the effect of the job surge upon productivity and growth.

 

Figures released last week showed that industrial output had fallen to its lowest level for 20 years. And the independent Office of Budget Responsibility has predicted that the economy could shrink for the third time since the start of the financial crisis in the last three months of this year.

 

The mismatch between rising employment and stagnant productivity is also exemplified by low wage growth of 1.8%, which, like savings accounts, fails to match the cost of living.

 

"Once again these figures show that the private sector is creating far more jobs than are being lost in the public sector,” said the Minister for Employment, Mark Hoban.

 

“It's a credit to British businesses that they're proving wrong those cynics who claimed the private sector wouldn't be able to step up.

 

"With unemployment falling again and more people in work, today's figures are very welcome. To see youth unemployment, excluding students, at its lowest level for three and a half years is particularly good news.”

 

The Government announced that it was extending the Youth Contract wage incentive, which gives employers up to £2,275 if they take on an unemployed young person.

 

From next week it will be available for employers taking on any 18 to 24 year old in Great Britain who has been claiming benefits for six months.

 

And from January, a consortium of transport bodies are to provide free bus travel for those who have been unemployed for between 3 and 12 months to help them attend interviews and look for work.

 

Ashley King

 

If you enjoyed this article:

Wednesday, 12 December 2012 13:41
Bookmark and Share

Make a comment on this article

Comment
Please enter the following letters in the box below.
We're very sorry for this but we just need to ensure
that you are not a computer.

Top 5 Current Accounts

Provider
AER
Min Bal
O/D Rate
O/D Buffer
Apply
View Full Table >
5.00%
£1,000
0%
£2,000
0%
£1
No Offer
£100
5.00%
£1
No Offer
£25
0%
£1
No Offer
No Offer
0%
£1
No Offer
N/A
£100

Nationwide Flex-Direct Account

Nationwide
  • Get 5.00% AER (4.89% gross p.a.) for in-credit balances up to £2,500 (fixed for the first 12 months)
  • You if you pay in at least £1,000 per month
  • Fee-free overdraft for 12 months (subject to approval)
  • Access to special rates and exclusive products
  • Online and mobile banking
  • Telephone banking and free text alerts
  • No monthly fee
  • UK call centres

Natwest Select

NatWest
  • ** Voted the best card benefits programme of the year at the Card and Payment Awards. **
  • Free day-to-day banking without subscription charges
  • Earn a minimum of 1% of your spend on all contactless payments with Cashback Plus
  • Overdraft available subject to eligibility, giving your finances some breathing space
  • Chequebook available subject to eligibility; handy when cash or cards aren't convenient
  • Monthly statements with all your transactions and your balance - by post or online. Or pick up a mini-statement from our cash machines

TSB Classic Plus Account

TSB
  • Market leading 5% AER variable interest on balances from £0 - £2,000.
  • To earn 5% AER you must credit your account with £500 each month, register for internet banking, paperless statements and correspondence (if available).
  • No introductory offer period.
  • Available to existing and new customers.
  • Low minimum monthly deposit of £500 required to meet eligibility.
  • No monthly fee.
  • Access to all the features of the standard Classic account such as Money Planner, Control, SMS alerts and internet banking.
  • Transact in branch, online or over the telephone.
  • £25 interest and fee free overdraft subject to application and approval
  • No hidden clauses – only need to meet CTO, register for internet banking, paperless statements and correspondence (when available) to get the interest rate.
  • 7 day switching service available.

Nationwide FlexAccount

Nationwide
  • VISA debit card with every account
  • The age restriction to open the account is 16, however you need to 18 to have an overdraft,
  • Free travel insurance: multi-trip European cover worth up to £70* (conditions apply)
  • Manage your account online with an excellent internet banking service.
  • Three-month interest-free overdraft when you switch to FlexAccount
  • Free day to day banking
  • Voted Best Overall Online Provider 2009 by Your Money

RBS Select

RBS
  • Free everyday banking - no monthly subscription charges.
  • No arrangement or renewal fees - on overdrafts up to £15,000. And pay no interest on agreed overdrafts of up to £100.
  • Save on your mortgage - use your Interest Paying Current Account balance to save money with our Offset Service.
  • Easy access to your money - your debit card gives you access to almost every cash machine in the UK. You can also pay for goods and services wherever you see the logo shown on your card.
  • Online banking - manage your money 24 hours a day, 365 days a year with our telephone and internet banking services. (Except for short periods of essential maintenance.)
  • Overseas money - get money in local currency at cash machines and buy goods wherever you see the logo shown on your card.
  • Statements - monthly statements list all transactions and your current balance. You can also get mini-statements from any cash machine.

Halifax Current Account

Halifax
  • £100 cashback for new and existing customers switching an active bank account held elsewhere to Halifax.
  • To qualify, use the Current Account Switch Service to switch and close your old account.
  • Halifax is covered by the Current Account Switch Guarantee.
  • Customers who’ve already received a Halifax switching offer (since January 2012) are not eligible for this offer.
  • Plus, switching to this account only takes seven working days.
  • This account offers a flexible 0% Overdraft facility (Overdrafts are subject to status):
  • - £1 per day - if you use an 'Planned' overdraft up to and including £1,999
  • - £2 per day - if you use an 'Planned' overdraft from £2,000 up to and including £2,999
  • - £3 per day - if you use an 'Planned' overdraft from £3,000 and above
  • - £5 per day - if you use an 'Un-Arranged' overdraft
  • A Halifax Visa debit card - Option to personalise
  • Access to the extensive branch Network
  • 24/7 Online Banking Access

Halifax Reward Current Account

Halifax
  • £100 cashback for new and existing customers switching an active bank account held elsewhere to Halifax.
  • To qualify, use the Current Account Switch Service to switch and close your old account.
  • Halifax is covered by the Current Account Switch Guarantee.
  • Customers who’ve already received a Halifax switching offer (since January 2012) are not eligible for this offer.
  • Plus, switching to this account only takes seven working days.
  • £5 monthly reward if each month customers pay in £750, pay out two different direct debits and stay in credit.
  • This account offers a flexible 0% Overdraft facility (Overdrafts are subject to status):
  • - £1 per day - if you use an 'Planned' overdraft up to and including £1,999
  • - £2 per day - if you use an 'Planned' overdraft from £2,000 up to and including £2,999
  • - £3 per day - if you use an 'Planned' overdraft from £3,000 and above
  • - £5 per day - if you use an 'Un-Arranged' overdraft
  • A Halifax Visa debit card - Option to personalise
  • Access to the extensive branch Network
  • 24/7 Online Banking Access

Halifax Ultimate Reward Current Account

Halifax
  • Get a Free £100 when you switch to this account!
  • Pay £15 per month and get all the standard features, plus AA breakdown cover, travel and mobile phone insurance and more.
  • Halifax will give you £5 each month you pay in £750, pay out two different direct debits and stay in credit.
  • This account offers a flexible 0% Overdraft facility (Overdrafts are subject to status.):
  • - £1 per day - if you use an 'Planned' overdraft up to and including £1,999
  • - £2 per day - if you use an 'Planned' overdraft from £2,000 up to and including £2,999
  • - £3 per day - if you use an 'Planned' overdraft from £3,000 and above
  • - £5 per day - if you use an 'Un-Arranged' overdraft
  • A Halifax Visa debit card - Option to personalise
  • Access to the extensive branch Network
  • 24/7 Online Banking Access

Barclays Bank Account

Barclays
  • Create your own personalised Current Account with the new Barclays Features Store - Customise your account with a range of Packs that cover gadgets, home appliances, travel and more. Simply add the Features that you want and leave out the ones that you don't. Terms, conditions and exclusions apply - read the policy documents so you know whats covered and whats not.
  • Free Text Alerts to help manage your money
  • Personalise your debit card for free with your favourite photo (image guidelines apply)
  • Contactless debit card (subject to status) allows you to make fast and secure payments for items that are priced £20 or less.
  • Online, Telephone, Mobile and Branch
  • No minimum funding required
  • Barclays Pingit - the quick and easy way to send or receive money with just your mobile
  • Free switching service available

Santander 123 Current Account

  • The New 123 Current Account pays cashback on household direct debits
  • 1% cashback on water and council tax
  • 2% cashback on electricity and gas
  • 3% cashback on mobile, home phone, broadband and paid for TV packages
  • New 123 Current Account pays also pays in-credit interest
  • 1% AER on the entire balance, once the customer’s balance is £1,000 or over
  • 2% AER on the entire balance, once the customer’s balance is £2,000 or over
  • 3% AER on the entire balance, once the customer’s balance is £3,000 or over (up to £20,000)
  • You are required to pay £2 a month (equates to 6p per day)
  • Your overdraft fee will be 19.9% EAR plus an unauthorised fee of £1 per day.
  • Get a cheque book and a Visa Debit card. You can use your Visa Debit card in shops wherever you see the Visa symbol and at virtually every cash machine in the UK and many worldwide. It also acts as a £100 cheque guarantee card
  • Access to your money 24 hours a day 7 days a week through our e-banking service, 750+ branches, 24-hour telephone banking service, LINK cash machine network or even by post
  • You must setup a minimum of 2 active direct debits
  • You must deposit at least £500 per month
  • This account is open to NEW and EXISTING Santander customers aged 18 and above (must be UK resident)

Santander Everyday Current Account

  • A simple and straightforward current account that helps make managing your money easy and convenient.
  • 0% EAR (variable) overdraft rate.
  • No Daily Arranged Overdraft Fees for the first 4 months when you switch to us (depending on circumstances. See representative example).
  • After 4 months the Daily Arranged Overdraft Fee will be 50p per day capped at 20 days each monthly statement period (if you don't switch these Daily Arranged Overdraft Fees will start from when your account is opened.)
  • Access to our dedicated Switcher Service - It is important that you feel confident about switching to us and what is involved. Click here for full details of our simple three-step process.
  • Easy access to your account 24 hours a day with our internet and phone banking service. Plus you have access to over 1,300 Santander branches.
  • No interest is paid on your balance.
  • You must be aged over 18 and live permanently in the UK.

Santander 123 Mini Current Account

  • The 1|2|3 Mini Current Account is designed to provide a safe environment to learn money management and take the first steps towards financial responsibility for those aged between 11 and 18.
  • With the 1|2|3 Mini Current Account you'll get:
  • Rewarding interest rates paying 3% AER/2.96% gross (variable) on balances from £300 up to a maximum of £2,000.
  • £100+ = 1% AER
  • £200+ = 2% AER
  • £300 - £2000 = 3% AER
  • 24/7 access to your account via Online, Mobile and Telephone Banking.
  • Access nationwide via our branch network.
  • Free text and email alerts about your account.
  • The choice of a cash card or a Visa debit card.

TSB Classic Account

TSB
  • Free banking - no charge for everyday transactions when you’re in credit.
  • You will receive a debit card with your account
  • Manage your money 24 hours a day through Internet Banking, Telephone Banking and Mobile Banking.
  • Money Planner is a free, easy-to-use Internet Banking service that introduces a new way of keeping track of your money across your TSB personal current and credit card accounts.
  • £25 interest-free planned overdraft. (Subject to application and approval).
  • £10 overdraft buffer. No overdraft fees or interest to pay if you go overdrawn (either Planned or Unplanned) by £10 or less.
  • Grace period if you go over your limit. You have until 3.30pm (UK Time) to pay in enough money to avoid any overdraft fees you may incur that day.
  • Switching to us in just 7 working days – We can help to move Direct Debits and standing orders from any existing accounts to your TSB current account.
  • Access to over 600 branches and a network of ATM's worldwide

Natwest Select Platinum Current Account

NatWest
  • Pay £16.00 per month and get the following benefits:
  • Green Flag car breakdown cover - even on your driveway
  • Mobile phone insurance – including all smartphones
  • Annual worldwide travel insurance - Members and their partners aged 70 years and over must pay an additional annual premium of £50
  • Travel benefits – discounts on holidays, flights and hotels

M&S Premium Current Account

Marks & Spencer
  • **Get £50 M&S gift card for opening an account and a further £100 M&S gift card for switching their account to M&S Bank**
  • With the M&S Premium Current Account for just £10 a month (for an initial fixed term of 3 months after which it is automatically renewed monthly), you’ll enjoy all this:
  • M&S loyalty points for M&S reward vouchers with your M&S Debit Card in M&S (in store and online)
  • Triple points for M&S reward vouchers with your M&S Credit Card in M&S (in store and online). Representative 16.9% APR variable
  • Access to our exclusive high rate monthly savings account
  • £45 worth of treats and delights vouchers
  • £127 worth of hot drinks vouchers for the M&S Café
  • Birthday gift e.g. afternoon tea for two, worth £10
  • Access to exclusive M&S offers
  • Automatic £500 overdraft available as soon as you open your account – and the first £100 is interest-free (subject to status).

M&S Premium Current Account with insurance

Marks & Spencer
  • **Get £50 M&S gift card for opening an account and a further £100 M&S gift card for switching their account to M&S Bank**
  • With the M&S Premium Current Account for just £17.50 a month (for an initial fixed term of 3 months after which it is automatically renewed monthly), you’ll enjoy all this:
  • Worldwide multi-trip family travel insurance
  • M&S loyalty points for M&S reward vouchers with your M&S Debit Card in M&S (in store and online)
  • Triple points for M&S reward vouchers with your M&S Credit Card in M&S (in store and online). Representative 16.9% APR variable
  • Access to our exclusive high rate monthly savings account
  • £45 worth of treats and delights vouchers
  • £127 worth of hot drinks vouchers for the M&S Café
  • Birthday gift e.g. afternoon tea for two, worth £10
  • Access to exclusive M&S offers
  • Automatic £500 overdraft available as soon as you open your account – and the first £100 is interest-free (subject to status)

Top 5 Savings Accounts

Provider
AER
Notice
Interest Paid
Min Bal
Apply
View Full Table >
1.00%
Instant
Annually
£1,000
1.00%
Instant
Monthly
£1,000
1.25%
30 Days
Monthly
£1,000
1.50%
Fixed term for 1 year
Monthly
£1,000
1.15%
60 days
Annually
£10,000

Scottish Widows Direct Transfer Account

Scottish Widows
  • Minimum balance £1000
  • Deposits can be made by internet banking, telephone or post
  • No notice period or penalties for withdrawals
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Aldermore Easy Access Saver

Aldermore
  • Transparent - our competitive rates are not artificially inflated by bonuses or introductory offers
  • Fast and easy setup - open an account, complete identity checks and move your money in minutes
  • Accessible - open an account with just £1,000
  • Flexible - add to your savings whenever you like
  • Unlimited withdrawals - access your money whenever you need it, without restriction or loss of interest
  • Easy to manage - do it online, by phone or by post
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Aldermore 30 Day Notice Account

Aldermore
  • Transparent - our competitive rates are not artificially inflated by bonuses or introductory offers
  • Fast and easy setup - open an account, complete identity checks and move your money in minutes
  • Accessible - open an account with just £1
  • Flexible - add to your savings whenever you want
  • Access - unlimited withdrawals, subject to notice and without loss of interest
  • Easy to manage - do it online, by phone or by post
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Aldermore 1 Year Fixed Rate ISA

Aldermore
  • Transparent - our competitive rates are not artificially inflated by bonuses or introductory offers
  • Fast and easy setup - open an account, complete identity checks and move your money in minutes
  • Accessible - open an account with just £1,000
  • Flexible - add to your savings whenever you like
  • Unlimited withdrawals - access your money whenever you need it, without restriction or loss of interest
  • Easy to manage - do it online, by phone or by post
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Manchester Building Society Platinum 60 Day Notice (Issue 5)

  • Get up 1.15% AER/gross on on balances over £10,000 up to £75k.
  • 60 day notice on withdrawals
  • Interest Rates (AERs) - The interest rate is variable and will be altered at the Society's discretion.
  • Interest is calculated daily and paid annually on 31st October.
  • Tax Status - Interest will be paid gross or net of tax**, depending on your status.
  • Conditions for Bonus payments - Not Applicable
  • Withdrawal Arrangements - Withdrawals are available by providing 60 days notice. Up to 6 withdrawals are available in each calendar year.
  • Access - Post, Branch or Agency.

RBS Instant Saver

RBS
  • Balances from £1 receive a rate of 0.50% AER / 0.50%Gross p.a. (variable) rising to 0.75% AER / 0.75%Gross p.a. (variable) for balances of £25,000 or more.
  • Quarterly interest paid directly into your account.
  • Access your money in branch, over the phone
  • No penalties and no withdrawal charges
  • Easy to manage with our online banking service and our mobile banking apps.
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Natwest Instant Saver

NatWest
  • Balances from £1 receive a rate of 0.50% AER / 0.50%Gross p.a. (variable) rising to 0.75% AER / 0.75%Gross p.a. (variable) for balances of £25,000 or more.
  • Quarterly interest paid directly into your account.
  • Access your money in branch, over the phone
  • No penalties and no withdrawal charges
  • Easy to manage with our online banking service and our mobile banking apps.
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

SBI UK Easy Access Savings Account

  • Minimum deposit amount of £500
  • Interest paid on balances above £500 and below £1,000,000
  • Account managed online or by visiting our branch
  • Interest paid on a monthly basis
  • Debit card provided only to the primary account holder if requested
  • Available to an individual, 18 years or over, who is ordinarily resident in the UK for tax purposes and has a permanent UK address
  • YOUR SAVINGS ARE PROTECTED UP TO £50,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Manchester Building Society Platinum 45 Day Notice (Issue 5)

  • Get 1.51% AER/gross on balances between £1,000 and £75,000.
  • Withdrawals are permitted at 45-day notice.
  • Interest is calculated daily and will be paid annually.
  • The interest rate is variable and is subject to change.
  • Tax status: interest will be paid gross or net of tax**, depending on your status.
  • The product does not include any introductory bonuses.
  • Access is available by post, by branch or by agency.

Top 5 Fixed Rate Bonds

Provider
AER
Duration
Min Bal
Apply
View Full Table >
1.10%
Fixed term for 1 year
£10,000
2.31%
Fixed term for 3 years
£1,000
3.01%
Fixed term for 5 years
£1,000
1.50%
Fixed term for 1 year
£1,000
2.75%
Fixed term for 4 years
£1,000

Lloyds Bank International 1 Year Bond

Lloyds Bank
  • Save for 1 year
  • Fixed interest rates of 2.75% AER/Gross*.
  • Save from £10,000 up to £5,000,000
  • No withdrawals are allowed.
  • Rate is fixed for the term of the deposit.
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Vanquis Bank 3 Year Fixed Rate Bond

Vanquis
  • Available Online Only.
  • Deposit between £1,000 to £250,000 for THREE YEARS in ONE PAYMENT and benefit from a guaranteed savings rate.
  • Annual or Monthly interest options available.
  • Sole or Joint Accounts.
  • Restricted to UK residents 18 years or older.
  • No additional deposits, withdrawals or closure during term.
  • Vanquis Bank is a UK bank with operations and call centres in London, Chatham, Bradford and Newcastle, and is part of the Provident Financial Group, a FTSE 250 company founded over 130 years ago.
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 BY THE FSCS - Financial Services Compensation Scheme

Vanquis Bank 5 Year Fixed Rate Bond

Vanquis
  • Available Online Only.
  • Deposit between £1,000 to £250,000 for FIVE YEARS in ONE PAYMENT and benefit from a guaranteed savings rate.
  • Annual or Monthly interest options available.
  • Sole or Joint Accounts.
  • Restricted to UK residents 18 years or older.
  • No additional deposits, withdrawals or closure during term.
  • Vanquis Bank is a UK bank with operations and call centres in London, Chatham, Bradford and Newcastle, and is part of the Provident Financial Group, a FTSE 250 company founded over 130 years ago.
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 BY THE FSCS - Financial Services Compensation Scheme

Aldermore 1 Year Fixed Rate Bond

Aldermore
  • Transparent - our competitive rates are not artificially inflated by bonuses or introductory offers
  • Fast and easy setup - open an account, complete identity checks and move your money in minutes
  • Accessible - open an account with just £1,000
  • Easy to manage - do it online, by phone or by post
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Vanquis Bank 4 Year Fixed Rate Bond

Vanquis
  • Available Online Only.
  • Deposit between £1,000 to £250,000 for THREE YEARS in ONE PAYMENT and benefit from a guaranteed savings rate.
  • Annual or Monthly interest options available.
  • Sole or Joint Accounts.
  • Restricted to UK residents 18 years or older.
  • No additional deposits, withdrawals or closure during term.
  • Vanquis Bank is a UK bank with operations and call centres in London, Chatham, Bradford and Newcastle, and is part of the Provident Financial Group, a FTSE 250 company founded over 130 years ago.
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 BY THE FSCS - Financial Services Compensation Scheme

Bank of Cyprus UK 3 Year Bond

Bank of Cyprus UK
  • Interest is paid annually
  • Early withdrawals not permitted
  • Available to individuals (single and joint applicants)
  • Conditions are available here
  • Available in Sterling only.

Aldermore 4 Year Fixed Rate Bond

Aldermore
  • Transparent - our competitive rates are not artificially inflated by bonuses or introductory offers
  • Fast and easy setup - open an account, complete identity checks and move your money in minutes
  • Accessible - open an account with just £1,000
  • Easy to manage - do it online, by phone or by post
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Aldermore 5 Year Fixed Rate Bond

Aldermore
  • Transparent - our competitive rates are not artificially inflated by bonuses or introductory offers
  • Fast and easy setup - open an account, complete identity checks and move your money in minutes
  • Accessible - open an account with just £1,000
  • Easy to manage - do it online, by phone or by post
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Aldermore 3 Year Fixed Rate Bond

Aldermore
  • Transparent - our competitive rates are not artificially inflated by bonuses or introductory offers
  • Fast and easy setup - open an account, complete identity checks and move your money in minutes
  • Accessible - open an account with just £1,000
  • Easy to manage - do it online, by phone or by post
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Wellesley 6 Month Fixed Rate Bond

Wellesley
  • Investors can start with as little as £10
  • Rates are fixed for duration agreed.
  • All lending is secured on property.
  • Wellesley decides on which cases to lend on and handle the lending and collection of funds.
  • There is a 'provision fund' set aside to cover any loses should they occur.
  • Wellesley & Co lend the first 10% on any deal, and are the first to loose their investment if the loan is defaulted and the sale of the property does not produce enough funds to cover the loan made.
  • After this point the provision fund is in place to compensate savers.
  • Early redemption is possible by selling your investment to another investor. However, this can only occur if there is a willing buyer.
  • YOUR SAVINGS ARE NOT PROTECTED BY THE FSCS - Financial Services Compensation Scheme.
  • Peer-to-peer lending can offer potentially attractive returns. There is a risk you may lose some or all of your initial investment. However Wellesley do offer their own compensation fund.

Funding Circle 3 Year Fixed Rate Bond

Funding Circle
  • You can choose the businesses you would like to lend to
  • Simple and easy online access
  • Lend from as little as £20
  • YOUR SAVINGS ARE NOT PROTECTED BY THE FSCS - Financial Services Compensation Scheme.
  • Peer-to-peer lending can offer potentially attractive returns. There is a risk you may lose some or all of your initial investment..

Wellesley 1 Year Fixed Rate Bond

Wellesley
  • Investors can start with as little as £10
  • Rates are fixed for duration agreed.
  • All lending is secured on property.
  • Wellesley decides on which cases to lend on and handle the lending and collection of funds.
  • There is a 'provision fund' set aside to cover any loses should they occur.
  • Wellesley & Co lend the first 10% on any deal, and are the first to loose their investment if the loan is defaulted and the sale of the property does not produce enough funds to cover the loan made.
  • After this point the provision fund is in place to compensate savers.
  • Early redemption is possible by selling your investment to another investor. However, this can only occur if there is a willing buyer.
  • YOUR SAVINGS ARE NOT PROTECTED BY THE FSCS - Financial Services Compensation Scheme.
  • Peer-to-peer lending can offer potentially attractive returns. There is a risk you may lose some or all of your initial investment. However Wellesley do offer their own compensation fund.

Wellesley 18 Month Fixed Rate Bond

Wellesley
  • Investors can start with as little as £10
  • Rates are fixed for duration agreed.
  • All lending is secured on property.
  • Wellesley decides on which cases to lend on and handle the lending and collection of funds.
  • There is a 'provision fund' set aside to cover any loses should they occur.
  • Wellesley & Co lend the first 10% on any deal, and are the first to loose their investment if the loan is defaulted and the sale of the property does not produce enough funds to cover the loan made.
  • After this point the provision fund is in place to compensate savers.
  • Early redemption is possible by selling your investment to another investor. However, this can only occur if there is a willing buyer.
  • YOUR SAVINGS ARE NOT PROTECTED BY THE FSCS - Financial Services Compensation Scheme.
  • Peer-to-peer lending can offer potentially attractive returns. There is a risk you may lose some or all of your initial investment. However Wellesley do offer their own compensation fund.

Wellesley 3 Year Fixed Rate Bond

Wellesley
  • Investors can start with as little as £10
  • Rates are fixed for duration agreed.
  • All lending is secured on property.
  • Wellesley decides on which cases to lend on and handle the lending and collection of funds.
  • There is a 'provision fund' set aside to cover any loses should they occur.
  • Wellesley & Co lend the first 10% on any deal, and are the first to loose their investment if the loan is defaulted and the sale of the property does not produce enough funds to cover the loan made.
  • After this point the provision fund is in place to compensate savers.
  • Early redemption is possible by selling your investment to another investor. However, this can only occur if there is a willing buyer.
  • YOUR SAVINGS ARE NOT PROTECTED BY THE FSCS - Financial Services Compensation Scheme.
  • Peer-to-peer lending can offer potentially attractive returns. There is a risk you may lose some or all of your initial investment. However Wellesley do offer their own compensation fund.

Wellesley 4 Year Fixed Rate Bond

Wellesley
  • Investors can start with as little as £10
  • Rates are fixed for duration agreed.
  • All lending is secured on property.
  • Wellesley decides on which cases to lend on and handle the lending and collection of funds.
  • There is a 'provision fund' set aside to cover any loses should they occur.
  • Wellesley & Co lend the first 10% on any deal, and are the first to loose their investment if the loan is defaulted and the sale of the property does not produce enough funds to cover the loan made.
  • After this point the provision fund is in place to compensate savers.
  • Early redemption is possible by selling your investment to another investor. However, this can only occur if there is a willing buyer.
  • YOUR SAVINGS ARE NOT PROTECTED BY THE FSCS - Financial Services Compensation Scheme.
  • Peer-to-peer lending can offer potentially attractive returns. There is a risk you may lose some or all of your initial investment. However Wellesley do offer their own compensation fund.

Wellesley 5 Year Fixed Rate Bond

Wellesley
  • Investors can start with as little as £10
  • Rates are fixed for duration agreed.
  • All lending is secured on property.
  • Wellesley decides on which cases to lend on and handle the lending and collection of funds.
  • There is a 'provision fund' set aside to cover any loses should they occur.
  • Wellesley & Co lend the first 10% on any deal, and are the first to loose their investment if the loan is defaulted and the sale of the property does not produce enough funds to cover the loan made.
  • After this point the provision fund is in place to compensate savers.
  • Early redemption is possible by selling your investment to another investor. However, this can only occur if there is a willing buyer.
  • YOUR SAVINGS ARE NOT PROTECTED BY THE FSCS - Financial Services Compensation Scheme.
  • Peer-to-peer lending can offer potentially attractive returns. There is a risk you may lose some or all of your initial investment. However Wellesley do offer their own compensation fund.

Bank of Cyprus UK 15 Month Bond

Bank of Cyprus UK
  • Interest is paid annually
  • Early withdrawals not permitted
  • Available to individuals (single and joint applicants)
  • Conditions are available here
  • Available in Sterling only
  • Existing Bank of Cyprus customers (at least 6 months) will automatically receive a loyalty bonus rate.

Bank of Cyprus UK 18 Month Bond

Bank of Cyprus UK
  • Interest is paid annually
  • Early withdrawals not permitted
  • Available to individuals (single and joint applicants)
  • Conditions are available here
  • Available in Sterling only
  • Existing Bank of Cyprus customers (at least 6 months) will automatically receive a loyalty bonus rate.