January 2023 News Archive

Using Moneyfacts data, we've tracked how savings rates have performed since the first of nine consecutive base rate increases.

With the Bank of England set to vote on adjusting the base rate this week, we've tracked how savings rates have performed over the past year.

Using data unique to Moneyfacts, we’ve tracked how mortgage rates have changed since 16 December 2021, the day of the first of nine successive base rate increases. In addition we also reevaluate the impact on the mortgage market.

With a potential base rate rise scheduled this week, how have mortgage rates performed over the last year?

Between the beginning of October and the end of December over 376,000 people switched current accounts.

Between the beginning of October and the end of December over 376,000 people switched current accounts.

The move comes after the Government-backed institution added £80 million to the prize pot towards the end of last year.

The move comes after the Government-backed institution added £80 million to the prize pot towards the end of last year.

Consumers can now earn £200 by switching to Santander’s Edge Current Account.

Consumers can now earn £200 by switching to Santander’s Edge Current Account.

Compared to October last year, there are now 173 more mortgage options on the market for holiday let borrowers.

Compared to October last year, there are now 173 more mortgage options on the market for holiday let borrowers.

While clothing and footwear prices fell, rising food and restaurant prices made a partial offsetting upwards contribution.

While clothing and footwear prices fell, rising food and restaurant prices made a partial offsetting upwards contribution.

New Moneyfacts data shows average interest rates failed to rise across both one-year and longer-term fixed bonds, but variable rates rose for another consecutive month.

Average interest rates failed to rise across both one-year and longer-term fixed bonds, but variable rates rose for another consecutive month.

Average petrol prices have dropped below 150p a litre for the first time since Russia invaded Ukraine last February, according to the AA.

The AA labelled the drop as “a huge relief for drivers”.

Now that 2023 has begun, you might be looking forward to the year ahead and what’s in store for your finances. In this article we have listed five essential events which are set to impact your finances in 2023.

The wider decisions and landmark events which are set to impact your finances in 2023.