Personal Finance News

Canny Brits pay off holiday credit – before setting foot abroad

Credit cards are now the most popular way for Brits to pay for holidays and an overwhelming majority who use credit cards when booking holidays will have paid off their balance in full before travelling, new research from Halifax reveals today. Among those who use credit cards to pay initially for their holidays, 84% repay […]

8 million households have already switched the heating on

A staggering three in 10 Brits  – the equivalent of over eight million households – have already switched their central heating on due to this summer’s terrible weather, according to new research from uSwitch.com While much of Europe sizzles in a heatwave, the UK has been shivering through unseasonably cold and wet conditions over the summer […]

Digital banking customers keeping a closer eye on their finances

People who bank through online and mobile platforms keep a much closer eye on their finances than those who don’t, according to research from Santander UK. One in five (20 per cent) UK adults use online or mobile banking services to check their balance or look at what they have been spending once a day or […]

Parents hand out almost £300 per month to their children at university

As A-level results day approaches (17 August), millions of UK parents could be counting the cost as their children get set for university. A study carried out by Aviva finds parents of university students typically give their children £3,446 per year (around £287 per month), to support them through their studies. This adds up to […]

The Co-operative Bank launches new current account switching incentive that rewards customers and gives a donation to charity

Now successful current account switchers to The Co-operative Bank could be £125 better off and help give young homeless people a future by raising an additional £25 for the Bank’s charity partner Centrepoint. From today, Tuesday 1st August 2017, The Co-operative Bank is paying £125 to eligible customers who switch their account using the Current […]

British Gas hikes the cost of electricity by 12.5% for 3.1 million customers

Following an extended price freeze, British Gas has today announced that it is hiking the cost of its standard variable tariff for electricity by 12.5% or £76 a year for 3.1 million customers. The increase, which takes effect from 15 September will add an annual total of £235.6 million to its customers’ energy bills. While it remains the cheapest big […]