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FCMB Bank (UK) has made various amendments to its range of Raisin UK products this week, including launching new offerings and increasing the rate on others. The 2 Year Fixed Term Deposit is one of the accounts to see an increase and now pays 0.88% on maturity (compounded annually). This improves the account’s position in our top rate tables when compared to other bonds with similar terms currently available. As is common in the fixed rate market, neither early access nor further additions are permitted, meaning that investors are advised to plan carefully. However, those happy to secure their savings pot away for the term and able to meet the minimum investment amount of £1,000 may find this an attractive option. Additionally, a welcome bonus of up to £50 can be claimed when
Ceredigion placed sixth in Welsh economy table
Cardigan councillor Clive Davies has hailed a report naming Ceredigion as the sixth-strongest Welsh economy as proof of the resilience of local businesses. CEREDIGION has the sixth-strongest Welsh economy, according to new research. The survey – by savings platform Raisin UK – is based upon factors such as the number of large businesses, business survival rate, net growth of birth and death rates, rate of people in employment, the amount of people receiving income support, average government spend per head and CPI Index. Describing Ceredigion as ‘most famous for its exports in the 18th and 19th century’, Raisin UK say the south-western side of Wales ranks sixth in the strongest local economies.
Entrepreneur Michelle Bartleet-Greavey, founder of Baa Stools MICHELLE Bartleet-Greavey could have put her business success down to chance - after being inspired by a fortune teller who said to pursue upholstery as a vocation, but rather she credits her location - Denbighshire. She d taken redundancy from a large recruitment firm, working in London and Manchester with blue chip companies, and returned to North Wales, where she enrolled on an upholstery course just over the border in Cheshire. Fate has since combined with hard work, to turn he business Baa Stool - that started on her kitchen table into one that turns over £400,000 a year, employs three full-time staff and exports to America.
A SURVEY of Wales’ strongest local economies amidst the Covid-19 pandemic has named Denbighshire in first place.
Research carried out by Raisin UK, the savings bank marketplace, used data to analyse which cities and regions have the ability to bounce back from the pandemic. This included multiple sources from the ONS and Commons Library, including businesses’ five-year survival rate, CPI index, the growth of large businesses and government spending per head. It also looked at employment rate, percentage of population, and birth and death rates. Overall the survey found that Denbighshire, which has a 42.5 per cent business survival rate, is in one of the best positions of all of Wales counties to recover from a year in lockdown.
POWYS is considered to be among the strongest local economies in Wales and more likely to recover faster from Covid-19. The strongest and weakest economies have been calculated throughout England and Wales, looking at where the economic recovery from the pandemic may be easier and which ones may find recovery harder. Research from savings platform Raisin UK has placed Powys fourth in Wales, behind Denbighshire, Monmouthshire and Anglesey, with research based on factors such as the number of large businesses in the county, business survival rate, net growth of birth and death rates, rate of people in employment, amount of people receiving income support, average government spend per head and CPI Index.