I always encourage people to pay themselves first, so I really advocate setting up direct deposit for your paycheck and establishing an automatic transfer so that part of each paycheck goes straight into your savings account.
I would like to pilot a government-led scheme, alongside Help to Buy, to offer a loan to young people on a reasonable income to be able to pay the deposit on a new home and then swap their high rents for a mortgage and actually have a place of their own.
When you grow up by the sea, you spend a good deal of time looking at the horizon. You wonder what on Earth the waves might bring - and where the sea might deposit you - until one day you know you have lived between two places, the scene of arrival and the point of departure.
You cannot take bank interest rates very sharply down: you will lose your deposit franchise.
In order for the E.U. area to stay together, they needed to form a banking union, which meant they needed to have a common credible deposit insurance guarantee for everybody in the E.U. area.
Unemployment insurance, abolishing child labor, the 40-hour work week, collective bargaining, strong banking regulations, deposit insurance, and job programs that put millions of people to work were all described, in one way or another, as 'socialist.' Yet, these programs have become the fabric of our nation and the foundation of the middle class.
The new discovery of a 3.3 billion barrel oil deposit off Norway's coast cements that nation's claim to being Europe's second largest oil producer.
Banks provide payment systems, core deposit and lending facilities that enable us to manage our day to day affairs.
My legislation, the Simple Savings Tax Relief Act of 2005, simply eliminates the taxation of interest earned in savings accounts, such as passbook savings accounts or bank certificates of deposit.
Bank failures are caused by depositors who don't deposit enough money to cover losses due to mismanagement.
