June 2023 News Archive

Time is running out to take advantage of HSBC’s switching deal after it set 3 July as the end date. Reintroduced in April, the deal offers a £200 cash incentive for customers switching from an existing current account to an HSBC Advance or Premier Bank Account.

Time is running out to take advantage of HSBC’s £200 switching deal after it set 3 July as the end date.

The Mortgage Charter doesn’t include financial support for those struggling to keep up with their repayments.

The Mortgage Charter doesn’t include financial support for those struggling to keep up with their repayments.

The Bank of England’s Monetary Policy Committee (MPC) voted to increase the base rate by 50 basis points today.

The Bank of England’s Monetary Policy Committee (MPC) voted to increase the base rate by 50 basis points today.

The rising price of airfares, second-hand cars, live music events, and computer games are reasons why the cost of living remains elevated.

The rising price of airfares, second-hand cars, live music events, and computer games are reasons why the cost of living remains elevated.

Premium Bondholders will have more chances to win prizes worth £50 to £100,000 after NS&I announced today it would be increasing its Premium Bond prize fund rate to 3.70%. According to NS&I, this is the highest the prize fund rate has been in 15 years and will mark the sixth time the rate has been increased in just over a year.

The increase will see the prize fund rate at the highest it’s been in 15 years.

Despite coming with a fee, its Santander Edge Up users can earn up to £30 a month cashback on essential spending.

Despite coming with a fee, its Santander Edge Up users can earn up to £30 a month cashback on essential spending.

The last time the average two-year fixed rates were higher was December 2022.

The last time the average two-year fixed rates were higher was December 2022.

Four high street providers, Nationwide, Santander, TSB and Virgin Money, all defended their savings rates in letters published last week. This follows correspondence from the Treasury Committee in May which criticised the banks and building societies for seemingly failing to pass increases to the Bank of England base rate on to savers.

Their responses cite current accounts and fixed products as higher-rate alternatives.

This represents 4% of the total number of mortgages on the market.

This represents 4% of the total number of mortgages on the market.

Its Online Bonus Saver is set to pay 4.00% AER on balances of £10,000 or less.

Its Online Bonus Saver is set to pay 4.00% AER on balances of £10,000 or less.

Since last Wednesday, there are now 43 more fixed rate deals which offer 5% gross or more.

Since last Wednesday, there are now 43 more fixed rate deals which offer 5% gross or more.