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Top Other Money News

Crunch time for savers as UK inflation rises to 2.3%

Editorial Team

Moneyfactscompare

Published: 20/11/2024

As almost all average savings rates decline, consumers may need to take action to see their money grow in real terms.

UK inflation accelerated to 2.3% in the year to October, the Office for National Statistics (ONS) today revealed. The sharp rise offsets last month’s significant drop, when the costs of goods and services increased by a more modest 1.7%.

Autumn Budget 2024: Five key points and what they could mean for your finances

31st October 2024

With Chancellor of the Exchequer, Rachel Reeves, delivering a Labour Government's first Budget in almost 15 years, find out the potential impact on savers, mortgage borrowers and pensioners.

Moneyfactscompare.co.uk introduces new ‘Easy to Open’ savings chart feature

2nd October 2024

Alongside a new Moneyfacts Annual Star Rating, the ‘Easy to Open’ logo and filter will help consumers identify fuss-free accounts.

What happened to the British ISA?

12th September 2024

With plans for a new British ISA having reportedly been scrapped under the new Labour Government, how can you invest in UK equities?

Millions of young people struggling to save as they face more financial hurdles than previous generations

16th August 2024

Two thirds of all adults agree there are more barriers to Generation Z achieving financial well-being, including higher cost of living and inadequate education.

Savers “short-changed” on closed easy access accounts: Is it time you switched?

15th July 2024

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.

How to earn 6.65% on your cash savings: Virgin Money’s new bonus offer explained

9th July 2024

New and existing Virgin Money Stocks and Shares ISA customers can benefit from an exclusive bonus rate on their cash savings.

General Election 2024: What do the main parties have in store for your personal finances?

1st July 2024

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.

General Election 2024: How have the mortgage and savings markets changed since 2010?

18th June 2024

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.

Most Popular Other Money News

What happened to the British ISA?

12th September 2024

With plans for a new British ISA having reportedly been scrapped under the new Labour Government, how can you invest in UK equities?

Find out how you can still invest in UK equities.

We’ve changed our name to Moneyfactscompare.co.uk

8th March 2023

It’s the same site you know and love, just with a different logo.

Tips for becoming debt-free in 2020

16th January 2020

Following the news yesterday that low-income households are facing the fastest rise in consumer debt since the financial crisis, we have taken a look at how consumers can become debt-free in 2020

Following the news yesterday that low-income households are facing the fastest rise in consumer debt...

Barclays halts branch closures as it withdraws cashback service at Post Office

8th October 2019

From January 2020, Barclays customers will no longer be able to withdraw money at Post Office branches

Al Rayan Bank launches new digital banking app

24th February 2020

Despite recent reports that Al Rayan Bank is permanently shutting down its online banking, the challenger bank has confirmed that it is in fact launching a new platform and an online banking service will remain available to its existing customers

Al Rayan Bank has confirmed that an online banking service will remain available to existing customers

Fraudsters using Shawbrook Bank to scam consumers

7th November 2019

Consumers are being warned to be aware the Shawbrook Bank has been cloned by fraudsters and to be careful when depositing money with the bank

Half of UK adults shun financial advice

6th November 2019

The new ‘What’s your Number’ report from international financial services group Sanlam Ltd, has revealed that nearly half (48%) of all British adults have never taken financial advice.

The new ‘What’s your Number’ report from international financial services group Sanlam Ltd, has revealed that...

New price cap for prepay energy customers

7th February 2017

Ofgem, the UK’s energy regulator, has set a temporary price cap for prepay energy customers, designed “to protect over four million households least able to benefit from competition” and save those customers around £80 per year.

Ofgem, the UK’s energy regulator, has set a temporary price cap for prepay energy customers, designed “to protect over four million households least able to...

Students: get prepared with the right bank account

25th July 2017

As results days are almost upon us, graduations abound and we edge towards a new academic year, prospective students and graduates might be starting to think about the most cost-effective student bank account for their needs.

As results days are almost upon us, graduations abound and we edge towards a new academic year, prospective students and graduates might be starting to think...

2017 ILP Moneyfacts award winners announced

22nd September 2017

The winners of the 2017 Investment Life & Pensions Moneyfacts Awards were announced last night at a ceremony held at the Lancaster Hotel in London, which saw hundreds of industry professionals gathered to hear who would be crowned stars of the show.

The winners of the 2017 Investment Life & Pensions Moneyfacts Awards were announced last night at a ceremony held at the Lancaster Hotel in London, which saw...

Ethical funds perform strongly once again

21st August 2017

The latest survey from Moneyfacts suggests that, given the continued strong performance of many ethical funds, they should be more popular than they are – is it time to add these funds to your portfolio?

The latest survey from Moneyfacts suggests that, given the continued strong performance of many ethical funds, they should be more popular than they are – is...

New £20 banknote includes state-of-the-art security features

10th October 2019

The Bank of England has unveiled the new design of the £20 note today, which features the artist JMW Turner and will be released into circulation from 20 February 2020

The Bank of England has unveiled the new design of the £20 note today

3.9 million dads financially unprotected

15th June 2017

With Father’s Day just around the corner, few think of the financial implications should anything happen to their special man. Unfortunately, some 3.9 million dads having no financial protection in place, putting their family’s finances at risk.

With Father’s Day just around the corner, few think of the financial implications should anything happen to their special man. Unfortunately, some 3.9...

We’ve launched our first ever TV commercial

13th March 2023

For the first time in its 35-year history, Moneyfacts has launched a national TV commercial.

Long haul report details most expensive holiday destinations

16th September 2019

The latest annual Post Office Travel Money Long Haul Holiday Report, in partnership with long haul specialist, Travelbag, has revealed the sometimes shocking local prices charged for 10 common expenses for travellers.

The latest annual Post Office Travel Money Long Haul Holiday Report reveals the sometimes shocking local prices charged for 10 common expenses

How the Covid-19 outbreak could impact your finances?

17th March 2020

While the main concern during the Covid-19 outbreak is saving as many lives as possible, many consumers are also concerned about the possible impact the virus could have on their personal finances

Many consumers are also concerned about the possible impact the virus could have on their personal finances

Co-op Bank up for sale

13th February 2017

The Co-op Bank has been put up for sale, but what does it mean for those who bank with it? If you’re a customer, you’re undoubtedly wondering how a future sale will impact you, so we take a closer look at the background, as well as what happens next.

The Co-op Bank has been put up for sale, but what does it mean for those who bank with it? If you’re a customer, you’re undoubtedly wondering how a future...

Contactless limit is set to rise to £45 to help fight Covid-19

24th March 2020

From 1 April 2020, consumers will be able to use contactless payments on amounts of up to £45, as concerns about hygiene when shopping continues

From 1 April 2020, consumers will be able to use contactless payments on amounts of up to £45

Moneyfactscompare.co.uk has had a makeover!

20th May 2019

Moneyfacts has been at the heart of the financial world for over 30 years, and today, we’re pleased to announce the launch of our brand new website.

New £20 note enters circulation today

20th February 2020

Consumers taking money out of ATMs or receiving change at tills may be the first to get their hands on the new £20 note, which entered circulation today

Al Rayan Bank extends registration deadline for new app

26th February 2020

Al Rayan Bank has announced today that due to feedback its customers now have longer to sign up to its new banking app to ensure an uninterrupted service

Post Office to deliver cash to the doors of vulnerable customers

22nd April 2020

Post Office Money will deliver cash to the doors of vulnerable customers who are unable to leave their homes due to the Coronavirus pandemic

Over half of students reveal money worries impacts their mental health

6th August 2019

A survey of students revealed that four-fifths (79%) worry about money, with 57% saying this worry impacted their mental health

Claims costs fall on Friday 13th

13th October 2017

Friday 13th may be unlucky for some, but interestingly, this means people actually take more care on this one key day than at other times, with average claims costs falling dramatically on this supposedly unlucky date.

Friday 13th may be unlucky for some, but interestingly, this means people actually take more care on this one key day than at other times, with average...