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.
A healthy credit score has its benefits, so make sure you manage your debt correctly.
Before you start university, make sure to organise your finances.
Explore the best cards with a 0% introductory period.
Could the value of your state pension rise by more than inflation?
Will your loved one's gift be tax affected?
Looking for inflation beating returns? Investing in shares could be an option.
A healthy credit score has its benefits, so make sure you manage your debt correctly.
Before you start university, make sure to organise your finances.
Explore the best cards with a 0% introductory period.
Could the value of your state pension rise by more than inflation?
Will your loved one's gift be tax affected?
Looking for inflation beating returns? Investing in shares could be an option.
Credit unions, although not widely publicised, are an alternative to banks, building societies and doorstep/payday lenders.
They offer a range of savings accounts, current accounts and loans to their members.
A credit union is a form of co-operative. It's "run by the members, for the members".
Credit unions are not-for-profit, and are formed by people who have something in common. This 'common bond' could be the same:
You can only join a credit union if you meet its eligibility criteria. Usually this means that you must share the same common bond with the other members.
In 2012, credit unions became free to extend their memberships beyond those that have a common bond, but you should still check eligibility criteria as this is a choice, rather than an obligation.
Credit unions are authorised and regulated by the Financial Conduct Authority (FCA), meaning that they are also covered by the Financial Services Compensation Scheme (FSCS).
The FSCS will protect the first £85,000 that each individual has with a credit union.
Broadly speaking, credit unions offer three main types of financial product: current accounts, savings accounts and loans.
Want to bank in a traditional way? Find the best savings accounts, current accounts and loans for your needs using our handy search tools.
Find out more about the investments and insurances available through a Friendly Society in the UK.
All of our newsletters are available free by email to all Moneyfactscompare.co.uk users.
Send me Weekend Moneyfactscompare, Savers Friend, Companies Friend and selected third-party offers.
Disclaimer: 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.
Every basic rate taxpayer in the UK currently has a PSA of £1,000, which means the first £1,000 of savings interest earned in a year is tax-free and you only have to pay tax on savings interest above this.
Every basic rate taxpayer in the UK currently has a PSA of £1,000, which means the first £1,000 of savings interest earned in a year is tax-free.
A challenger bank is typically a smaller, recently launched bank that aims to challenge the dominance of the long-established banking giants. Read our guide to learn more.
A guide to what challenger banks are and their rise in popularity.
For a parent, knowing that your child has a financially secure future is bound to be one of your top priorities, which is why many like to begin saving for their child as soon as possible. Read our guide to learn more.
This guide tells you more about how to save for your children. We share tips about savings accounts to help save for university, a car or a first home.
Every basic rate taxpayer in the UK currently has a PSA of £1,000, which means the first £1,000 of savings interest earned in a year is tax-free and you only have to pay tax on savings interest above this.
Every basic rate taxpayer in the UK currently has a PSA of £1,000, which means the first £1,000 of savings interest earned in a year is tax-free.
A challenger bank is typically a smaller, recently launched bank that aims to challenge the dominance of the long-established banking giants. Read our guide to learn more.
A guide to what challenger banks are and their rise in popularity.
For a parent, knowing that your child has a financially secure future is bound to be one of your top priorities, which is why many like to begin saving for their child as soon as possible. Read our guide to learn more.
This guide tells you more about how to save for your children. We share tips about savings accounts to help save for university, a car or a first home.
Moneyfactscompare.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.
I accept. Read our Cookie PolicyMoneyfactscompare.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.
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.