May 2025 News Archive

The latest switching incentive from TSB offers qualifying customers a range of rewards worth up to £310. Find out more if you're considering switching your current account.

The latest switching incentive from TSB offers qualifying customers a range of rewards worth up to £310.

Average fixed savings rates fell in the month to May, to the dismay of savers. But is it still worth considering a fixed account to earn a guaranteed return? Find out more.

Average fixed savings rates fell in the month to May, to the dismay of savers. But is it still worth considering a fixed account to earn a guaranteed return?

Meanwhile, fewer than 10% received financial advice on investments, pensions or retirement planning in the past 12 months.

Meanwhile, fewer than 10% received financial advice on investments, pensions or retirement planning in the past 12 months.

Limited access to savings contributed to one in four UK adults being deemed as having ‘low financial resilience’, said the FCA.

Limited access to savings contributed to one in four UK adults being deemed as having ‘low financial resilience’, said the FCA.

Having fallen in the month to May, average rates for a two-year fixed mortgage now stands at its lowest point for over two and a half years. Find out what this means for you if you're after a deal.

Having fallen in the month to May, average rates for a two-year fixed mortgage now stands at its lowest point for over two and a half years.

Savers may need to move quickly to secure competitive fixed returns, which fell in the month to May leading up to the latest base rate cut. Find out what this means for your savings.

Savers may need to move quickly to secure competitive fixed returns, which fell in the month to May leading up to the latest base rate cut.

In the wake of new tariffs announced at the start of last month by US President, Donald Trump, the Bank of England has voted in favour of lowering the UK base rate to 4.25%. Find out the impact this could have on your savings and mortgage:

Meanwhile, volatile swap markets provide impetus for mortgage cuts. Find out how your finance might be affected:

The building society hopes the new product will offer first-time buyers “the breathing space they need in those critical first few months”.

The building society hopes the new product will offer first-time buyers “the breathing space they need in those critical first few months”.

The Co-operative Bank has relaunched its switching incentive, and now offers eligible customers up to £175. Find out more.

The Co-operative Bank has relaunched its switching incentive, and now offers eligible customers up to £175.

Mortgage borrowing in March increased by £13 billion, jumping to its highest level since June 2021. However, mortgage approvals dipped in the same month. Find out more.

Mortgage borrowing in March increased by £13 billion, jumping to its highest level since June 2021. However, mortgage approvals dipped in the same month.