June 2024 News Archive

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.

Average savings rates rise across various sectors, widening the gap with ISA counterparts.

Average savings rates rise across various sectors, widening the gap with ISA counterparts.

There was no change despite the Bank of England meeting its 2% target for inflation.

There was no change despite the Bank of England meeting its 2% target for inflation.

The rate of inflation in the UK dropped to 2% in the year to May, finally meeting the Bank of England’s target of 2%. Find out what this means for you.

The rate of inflation in the UK dropped to 2% in the year to May, meeting the Bank of England’s target of 2%.

As the Conservative Party seeks to extend its 14-year period in Government in the General Election on 4 July 2024, we reflect on how both the mortgage and savings markets have changed since 2010.

A global pandemic, international conflict and rampant inflation have all taken their toll.

Several of the major high street banks are paying below-average rates on their savings accounts and ISAs, despite reviews from the FCA and the Treasury.

Several of the major high street banks are continuing to pay below-average rates on their savings accounts and ISAs.

Trading 212 is the latest digital provider to offer a top rate.

Trading 212 is the latest digital provider to offer a top rate.

This limited time offer could see customers earn a switching bonus by moving to an eligible current account.

This limited time offer could see customers earn a switching bonus by moving to an eligible current account.

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.

A handful of lenders withdrew some of their higher LTV mortgage deals in the last week of May. Find out what this could mean for first-time buyers.

A handful of lenders withdrew some of their higher LTV mortgage deals in the last week of May.

High street providers TSB and Lloyds Bank have launched new switching deals at the end of last month. While Lloyds Bank offers the larger cash incentive at £175, savers may want to consider both options.

Customers could earn up to £175 by switching their current account to one of these high street banks.

After interest rates rose over the past year, savers deposited a record £11.7 billion in ISAs in April 2024 to take advantage of their tax-free allowance.

Savers deposited a record £11.7 billion in ISAs in April 2024 to take advantage of their tax-free allowance.