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February 2024 News Archive

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

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February 2024 News

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One-year fixed bonds outperforming longer-term fixes

20th February 2024

As average fixed savings rates fall, one-year fixed bonds and ISAs have been outperforming longer-term deals.

As average fixed savings rates fall, one-year fixed bonds and ISAs have been outperforming longer-term deals.

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Your Personal Savings Allowance explained: Why is it still important in 2024?

20th February 2024

With over 1.4 million people predicted to become higher-rate taxpayers by the end of the financial year, it’s crucial to understand your Personal Savings Allowance.

With over 1.4 million people predicted to become higher-rate taxpayers by the end of the tax year, it’s crucial to understand your Personal Savings Allowance.

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Two-year fixed mortgage rates see biggest monthly drop since 2022

14th February 2024

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.

The average fixed mortgage rate fell by 0.37 percentage points between January and February.

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Falling food prices see UK inflation unexpectedly hold at 4%

14th February 2024

The rate of UK inflation held at 4% in the year to January, revealed today’s release from the Office for National Statistics (ONS), following an unexpected uptick the previous month.

The rate of UK inflation held at 4% in the year to January, revealed today’s release from the Office for National Statistics (ONS).

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Green Savings Bonds from NS&I now paying lower rate

8th February 2024

Green Savings Bonds are now paying a lower rate of 2.95% AER after NS&I cut rates. How do they compare to other savings accounts?

Green Savings Bonds are now paying 2.95% AER after NS&I cut rates.

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Revealed: Winners of the Moneyfacts Consumer Awards 2024

8th February 2024

Financial professionals from across the industry gathered at the Royal Lancaster London to hear Tim Vine reveal the results.

Financial professionals from across the industry gathered at the Royal Lancaster London to hear Tim Vine reveal the results.

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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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Growing proportion of easy access savings accounts without branch access

2nd February 2024

More than a third (40%) of easy access savings accounts don’t offer branch access, up from 29% a decade ago.

More than a third (40%) of easy access savings accounts don’t offer branch access.

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Bank of England holds base rate at 5.25% despite rise in inflation

1st February 2024

This marks the fourth consecutive time the base rate has gone unchanged.

This marks the fourth consecutive time the base rate has gone unchanged.

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