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Featured - Account Types
What type of savings account do you need?Find out about the different types of savings accounts available to suit a variety of needs.
Savings
ISAs
Residential
Buy to let
Specialist mortgages
Featured - Debt and your credit score
How debt impacts your credit scoreA healthy credit score has its benefits, so make sure you manage your debt correctly.
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Life InsuranceFor peace of mind that your loved ones will be supported financially after you die, consider taking our life insurance. Find out more and compare policies.
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In need of a cash boost?Providers often entice new customers with cash incentives for moving current accounts. Compare deals and find out how to make the switch:
Current accounts
Featured - Purchase Cards
Best purchase credit cardsExplore the best cards with a 0% introductory period.
Credit cards
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How much can I give as a cash gift?
How much can I give as a cash gift?Will your loved one's gift be tax affected?
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The Bank of England has unveiled the new design of the £20 note today, which features the artist JMW Turner and will be released into circulation from 20 February 2020.
The new polymer £20 note contains security features, which the Bank of England claims makes it the most secure banknote it has issued to date. For the first time, the note incorporates two windows and a two-colour foil, making it very difficult to counterfeit.
Polymer, which is the same material used on £5 and £10 notes, lasts longer than paper notes and stays in better condition during everyday use. The new £20 note will contain a tactile feature to help vision-impaired people identify the note’s value.
Consumers will be able to continue using the old £20 note as usual after the new note has entered circulation and there will be a six-month warning before the old note is withdrawn completely.
Turner was a late 18th and early 19th Century English painter, who’s painting The Fighting Temeraire was voted the nation’s favourite painting in a 2005 poll run by BBC Radio 4. The painting, which is currently on display in the National Gallery, is a tribute to the ship HMS Temeraire, which played a distinguished role in Nelson’s victory at the Battle of Trafalgar in 1805.
Commenting on the new note, Mark Carney, Governor of the Bank of England, said: “Our banknotes celebrate the UK’s heritage, salute its culture, and testify to the achievements of its most notable individuals. And so it is with the new £20 banknote, featuring JMW Turner, launched today at Turner Contemporary in Margate. Turner’s contribution to art extends well beyond his favourite stretch of shoreline. Turner’s painting was transformative, his influence spanned lifetimes, and his legacy endures today. The new £20 note celebrates Turner, his art and his legacy in all their radiant, colourful, evocative glory.”
The new £20 note will be the first to feature the signature of Sarah John, the Bank’s chief cashier. She said: “The new £20 is an important part of our commitment to providing banknotes that people can use with confidence. Our polymer notes are much harder to counterfeit and, with the £20 being our most common note, this marks a big step forward in our fight against counterfeiting. I hope the public will look forward to spending their new Turner £20s from February next year.”
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From January 2020, Barclays customers will no longer be able to withdraw money at Post Office branches
From January 2020, Barclays customers will no longer be able to withdraw money at Post Office branches
This month, Ellie in our Events team had the enjoyable job of calling three of our readers to tell them they had won £1,000 each!
This month, Ellie in our Events team had the enjoyable job of calling three of our readers to tell them they had won £1,000 each!
From January 2020, Barclays customers will no longer be able to withdraw money at Post Office branches
From January 2020, Barclays customers will no longer be able to withdraw money at Post Office branches
This month, Ellie in our Events team had the enjoyable job of calling three of our readers to tell them they had won £1,000 each!
This month, Ellie in our Events team had the enjoyable job of calling three of our readers to tell them they had won £1,000 each!
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Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
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