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Find current accounts offering in-credit interest rates up to 5.00% AER.
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How much can I give as a cash gift?Will your loved one's gift be tax affected?
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Featured - ISA allowance
What is the 2024/25 ISA allowance?A new tax-year means a refreshed ISA allowance to allocate. Find out more about the 2024/25 ISA allowance...
Savings
ISAs
Mortgages
Buy to let
Specialist mortgages
Featured - Debt and your credit score
How debt impacts your credit scoreA healthy credit score has its benefits, so make sure you manage your debt correctly.
Loans
Featured - travel insurance
Travel insurance 2024Discover the best travel insurance policy for your next trip.
Home & vehicle
Health & travel
Featured - High interest current accounts
Find current accounts offering in-credit interest rates up to 5.00% AER.
Current accounts
Featured - Purchase Cards
Best purchase credit cardsExplore the best cards with a 0% introductory period.
Credit cards
Credit repair
Calculators & guides
Featured - The triple lock explained
Could the value of your state pension rise by more than inflation?
Retirement
Business savings
Business products
Business insurance
How much can I give as a cash gift?
How much can I give as a cash gift?Will your loved one's gift be tax affected?
Categories
Featured guides
Popular news
Latest news - by category
Other money & finance news
Featured Star Ratings categories
Other Star Ratings categories
Consumers looking for a new current account or credit card will be able to see what finance experts agree are the best deals with the announcement of the Moneyfacts 2022 personal current accounts and personal credit cards star ratings.
The announcement of the new personal current accounts star ratings has seen 52 accounts awarded a five-star rating, while a further 32 were awarded a four-star rating. The accounts given a five or four star rating can be found across standard, packaged, premium, youth, student and graduate account categories.
Within the personal credit and charge cards star ratings, 55 cards have been awarded a five-star rating and 31 a four star rating. Overall, the personal credit and charge cards market has remained competitive year-on-year, with just one less card being awarded a star rating in 2022 compared to 2021.
When choosing which deals should be awarded a five or four star rating, a team of independent experts at Moneyfacts will looks are a range of features on hundreds of products to decide which offer the best deal for consumers. As such, when looking at products awarded a star rating, consumers can be confident that they are the best deals on the market.
Commenting on the 2022 personal current account and personal credit card star rating announcement, Samantha Owens, Star Ratings and Personal Finance Analytics Manager at Moneyfacts, said: “After a year of changing personal circumstances, getting the foundations of personal finance can help ease some of the pressure.
“With providers both withdrawing from and launching into the current account market, customers need to be on the lookout for the best account available to them, that both meets their needs and offers them the most in return for their loyalty. The Moneyfacts Annual Star Ratings take away some of this hard work, allowing customers to focus their attention on the most complete products.
“In addition, with the added protection on spending available with a credit card, ensuring the card offers the most in return on the monthly spend or save the customer on long term costs will be a helping hand with the Moneyfacts Annual Star Ratings highlighting the products with the most benefits.”
Numerous features are considered when assessing the ratings, and some of these include:
Personal Current Accounts
Flexibility
Benefits
Personal Credit and Charge Cards
Charges
Benefits
Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfactscompare.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
The Financial Conduct Authority is set to extend Consumer Duty rules to closed products and services from the end of this month, but savers shouldn’t be complacent.
The FCA is set to extend Consumer Duty rules to closed products and services from the end of this month, but savers shouldn’t be complacent.
Are the new rules enough to attract high quality companies to the UK?
Are the new rules enough to attract high quality companies to the UK?
With the UK General Election taking place later this week (Thursday 4 July), we examine how some of the main parties’ policies could affect your personal finances if they were to form the next Government.
Find out what the Conservative and Labour Parties have planned for your taxes, savings and pensions.
The Financial Conduct Authority is set to extend Consumer Duty rules to closed products and services from the end of this month, but savers shouldn’t be complacent.
The FCA is set to extend Consumer Duty rules to closed products and services from the end of this month, but savers shouldn’t be complacent.
Are the new rules enough to attract high quality companies to the UK?
Are the new rules enough to attract high quality companies to the UK?
With the UK General Election taking place later this week (Thursday 4 July), we examine how some of the main parties’ policies could affect your personal finances if they were to form the next Government.
Find out what the Conservative and Labour Parties have planned for your taxes, savings and pensions.
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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.
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.
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.
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.
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.