1
Q
Santander savings accounts
A
- everyday saver account-0.01% gross AER, minimum deposit of £1, unlimited deposits and withdrawals, instant access
- eSaver account-0.05% gross AER for first 12 months, minimums deposit of £1, unlimited deposits and withdrawals
- eISA-0.05% AER variable,balance of £1 to gain interest starting with a minimum opening balance of £500,withdrawals permitted
- Easy ISA-tax free 0.1% AER for balances over £40,000, 0.01% on balances over £1, minimum deposit of £1
- one year fixed-rate bond-0.15% gross/AER, minimu’ of £500 to deposit, no additional deposits, withdrawals or account closures permitted, 123 account holders earn 0.2% gross/AER
2
Q
Project Rainbow
A
- RBS was to dispose of more than 300 of its branches and some other interests including some insurance brands such as Churchill
- parliamentary commission on Banking Standards argued it should be split into a ‘bad bank’ which would be state lender and the ‘good bank’ would be sold into the private sector
3
Q
Project Verde
A
- name given to Lloyds Banking Group’s plan to sell off branches as required by the EU
- after a proposed sale to the co op group collapsed, LBG converted 631 of its former banks into a deprédate bank called TSB
- comprise all of the Lloyds branches in Scotland and all the Cheltenham & Gloucester branches
- government sold a 6% stake in the LBG in 2013 easing £3.2bb for the public purse and reducing its holding to 33%
- by may 2017, government had sold its remaining LBG shares
Finance LIBF - Unit 4
flashcards
Decks in class (8)
# Cards
