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Exact(14)
"With no monthly funding or direct debit requirements, and no monthly fees, for smaller balances it's a great option".
He says it's better to have two or three accounts with smaller balances than one card with a high balance.
Still, Mr. Breeden added that the companies should remain vital players in the mortgage market, particularly for loans with smaller balances and those made to lower-income homeowners.
For those with smaller balances, Pearson recommends Stroud and Swindon Building Society's Postal Account, which pays 2.25% gross on a minimum deposit of £1,000.
But their proliferation is a welcome development at a time when the number of advisers and institutions interested in helping people with smaller balances continues to shrink.
Then it can pay them off at fair value, or a little over that, with money from new investors, issuing new mortgages with smaller balances to the homeowners.
Similar(46)
On balance, the falling pound will lead to stronger growth, higher prices and a smaller balance of payments deficit.
"For someone with a smaller balance, it could be a game changer," reckons Andrew Hagger of the personal finance site Moneycomms.co.uk.
Come Monday morning, Lehman would have had a smaller balance sheet coupled with a newly plumped cushion of capital.
The supplier with a higher production cost prefers a smaller balance parameter whereas the retailer prefers a larger one.
While Hershey has sought to make a counteroffer for Cadbury for some time, it is constrained by a smaller balance sheet than Kraft's.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com