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2024 News Archive

Explore our archive of financial news, savings, mortgages and personal finance articles published in 2024. Browse articles below for key developments, expert analysis and insights from the whole year.

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2024 News

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Introducing the Moneyfactscompare.co.uk Awards!
Image of Ella Mower

Ella Mower

Senior Content Writer
Published: 15/05/2024

As of 2025, the Moneyfacts Consumer Awards will be renamed the Moneyfactscompare.co.uk Awards.

 

After 15 years, the Moneyfacts Consumer Awards are to be renamed the Moneyfactscompare.co.uk Awards and will debut a fresh new look from 2025.

The change follows the rebrand of Moneyfacts.co.uk to Moneyfactscompare.co.uk back in spring 2023 and promises an exciting future for the awards.

“It’s been over a year now since we successfully renamed our comparison website, so it feels like the best time to make this change,” explained James Brooks, Website Manager at Moneyfactscompare.co.uk.

“Guests can be assured that the name may be different, but the trust in the award and the excellence of the evening will be the same,” he added.

 

What are the Moneyfactscompare.co.uk awards?

Formerly the Moneyfacts Consumer Awards, the Moneyfactscompare.co.uk Awards will continue to recognise the very best banks, building societies, insurers and service providers across the savings, mortgage, banking and insurance markets. As always, they’ll combine over 35 years of Moneyfacts’ expertise with consumer opinion to determine the results.

Already highly respected throughout the industry, consumers can still trust these awards to help them make informed decisions when it comes to their personal, family and household finances.

 

Previous award winners

Any prior commendations at the Moneyfacts Consumer Awards will still be valid going forward, so consumers can rest assured organisations using our old branding are still valid champions.

The name change should be seen as a continuation of any previous successes, which means those recipients outstanding enough to have won a given award three years in a row would be a four-time champion if they were to win again next year under the new brand.

 

Related: Moneyfacts Consumer Awards 2024 Results

 

How can you get involved?

Each year, consumers get the chance to have their say on the organisations they trust with their finances in our Consumer Survey and be in with the chance of winning a cash reward. Over the years, we’ve given out approximately £35,000 in prizes.

Voting for the Moneyfactscompare.co.uk Awards 2025 hasn’t opened yet, but our research and insight teams are already hard at work assessing which products merit inclusion on the shortlists.

Keep a close eye on our Moneyfactscompare.co.uk Awards page, or follow us on X and Facebook, to be the first to find out when voting reopens.

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More interest-free credit card offers to choose from this festive period
Shoppers looking for ways to manage their Christmas costs now have more 0% credit cards to choose from, as well as longer interest-free periods. See more on these offers.
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American Express increases credit card bonus to £125
American Express is now offering 5% cashback, up to £125, on its Amex Cashback Everyday Credit Card. Find out more about this offer and if it’s right for you.
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Two-year fixed mortgage rates see biggest monthly drop since 2022
The average two-year fixed rates saw their largest monthly fall between January and February. Find out more about how average mortgage rates are changing.
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Top balance transfer offers worsen as terms shorten
Meanwhile, the average credit card purchase APR has reached a record high. Find out more.
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Chip launches first cash ISA – how does it compare?

5th February 2024

App-based savings provider, Chip, launched its first product into the cash ISA market today, following “a year of rapid growth for the business in 2023”. Its Chip Cash ISA (powered by ClearBank) takes a competitive position on our easy access ISA chart, paying 4.75% AER monthly.

The Chip Cash ISA (powered by ClearBank) pays 4.75% AER.

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Interest rates on credit cards rise to new high

25th June 2024

Credit card interest rates continued to rise in 2024 while the number of interest-free deals stalled. Find out what this means for borrowers.

Credit card interest rates continued to rise in 2024 while the number of interest-free deals stalled.

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Choice of credit card and loan providers drop to record lows

23rd September 2024

The number of loan and credit card providers dropped during the third quarter of 2024, while average interest rates increased. See what this could mean for you.

The number of loan and credit card providers dropped during the third quarter of 2024, while average interest rates increased.

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Average cost of borrowing on loans and credit cards edges higher

28th March 2024

The average APR on unsecured loans and credit cards rose in the first three months of 2024, while the number of lenders and card providers fell.

The average APR on unsecured loans and credit cards rose in the first three months of 2024, while the number of lenders and card providers fell.

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Bank of England base rate remains at 4.75% in final vote of 2024

19th December 2024

Disappointment for borrowers eagerly awaiting another cut after mortgage rates fell less than many hoped this year.

Disappointment for borrowers eagerly awaiting another cut after mortgage rates fell less than many hoped this year.

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Bank of England votes to hold base rate at 5%

19th September 2024

After making a long-anticipated cut to the base rate at its previous meeting in August, today the Bank of England’s Monetary Policy Committee (MPC) voted 8 to 1 in favour of maintaining it at 5.00%.

Base rate held at 5% as mortgage and savings rates continue to tumble.

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Relaunched: first direct’s £175 switching offer

12th September 2024

first direct relaunched its £175 switching incentive, allowing new customers to earn £175 by moving to its 1st Account. Find out more.

first direct relaunched its £175 switching incentive, allowing new customers to earn £175 by moving to its 1st Account.

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Choice of mortgage products at highest level since 2008

11th June 2024

The number of mortgage products available rose to a 16-year high of 6,629 in June. At the same time, the average shelf-life of a product almost halved.

The number of mortgage products available rose to a 16-year high of 6,629 in June.

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Ending soon: Earn 1% cashback on your ISA deposits in the 2024/25 tax-year with Trading 212

25th April 2024

Furthermore, receive 5.20% interest daily on any uninvested cash with this stocks and shares ISA.

Furthermore, receive 5.20% interest daily on any uninvested cash with this stocks and shares ISA.

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NS&I announces rate cuts: Is it time savers looked elsewhere?

22nd October 2024

The Government-backed brand also revealed the Premium Bond prize fund rate is set to be slashed.

The Government-backed brand also revealed the Premium Bond prize fund rate is set to be slashed.

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Limited time only: Transfer to Tembo’s Lifetime ISA to earn £100

29th November 2024

For a limited time only, anyone transferring their Lifetime ISA to Tembo can receive a £100 cash bonus as part of their Black Friday offer. See more details.

This Black Friday, anyone transferring their Lifetime ISA to Tembo can receive a £100 cash bonus.

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Barclays reintroduces £175 switch bonus

9th July 2024

Barclays Bank has reintroduced a £175 switching incentive for a limited time when you move to one of its eligible current accounts. Find out how to qualify.

Barclays Bank has reintroduced a £175 switching incentive when you move to one of its eligible current accounts.

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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.