June 2022 News Archive

The average rate on a £7,500 loan stands at 5.2%, the highest it has been in six years when it matched this figure. Meanwhile, the biggest trend noted across the credit card market has been a rise in the average length of introductory 0% balance transfer offers.

The average rate on a £7,500 loan stands at 5.2%, the highest it has been in six years when it matched this figure.

Top savings deals are on the rise across various sectors, as providers compete for a place in the spotlight. Still, the Consumer Price Index (CPI) rose to 9.1% during May, from 9.0% in April meaning there is still not a single deal which is able to outpace inflation.

Top savings deals are on the rise across various sectors, as providers compete for a place in the spotlight.

The average one-year fixed bond rate experienced the highest month-on-month rise since our electronic records begun in February 2007. Increasing by 0.29% to 1.53%, the average one year bond now stands at the highest rate since October 2013 according to the latest Moneyfacts UK Savings Trends Treasury Report.  On the ISA market, the average one-year fixed ISA now stands at 1.21%, its highest point since November 2019 (1.21%) and had the biggest month-on-month rise seen since August 2011.  

The average one-year fixed bond rate experienced the highest month-on-month rise since our electronic records begun in February 2007.

The Bank of England’s (BoE) monetary committee voted in favour of raising the base rate from 1.00% to 1.25% today. It means the base rate is now at its highest in over 13 years. The last the base rate was higher it sat at 1.5% in January 2009. The following month it was lowered to 1.00%.

The Bank of England’s (BoE) monetary committee voted in favour of raising the base rate from 1.00% to 1.25% today.

After being closed for more than two years, Heathrow’s Terminal 4 will reopen to travellers today, the airport announced. With the summer peak approaching, the move is expected to free up space in the airport’s other terminals. “Reopening Terminal 4 will give airlines at Heathrow extra space across the airport, helping them manage the impact additional travel documents continue to have on check-in times,” said John Holland-Kaye, CEO at Heathrow.

After being closed for more than two years, Heathrow’s Terminal 4 will reopen to travellers today, the airport announced.