Personal Finance News

12 Jan

Customers throwing away £676 by not transferring credit card balances

Research by finance experts, TotallyMoney shows that Brits paying interest on their credit card debt are wasting hundreds of pounds by not switching to a better deal. Customers can save a massive £676 in interest by transferring the average credit card balance of £2,177 to a 0% balance transfer card of 21 months A huge 54% of […]

12 Jan

Rooster Money Index shows that children received £321 pocket money in 2020

RoosterMoney, the pocket money app, reveals that kids received an impressive £321 pocket money (£6.18 a week) last year, and encouragingly they saved 37% of it. This is in line with adult saving rates also reaching record levels of 28.1% during the Covid-19 pandemic.* Video games Roblox & Fortnite also dominated the spending charts as […]

5 Jan

New Year Insurance Offers from M&S Bank

M&S Bank has today launched new offers across a range of its insurance products – offering up to £150 in M&S vouchers – when customers take out a new Pet, Home and Motor Insurance policy. Customers purchasing a new Premier M&S Pet Insurance policy will receive £50 of M&S vouchers, while customers taking out a […]

28 Dec

Metro Bank research reveals that people are looking to take greater control of their finances in 2021

New research from Metro Bank, conducted by YouGov, has revealed the extent to which people are getting set to take control of their finances in 2021. When asked about managing their money better in 2021 compared with 2020, more than one in two Brits (54%) agreed they are determined to start doing so – rising […]

21 Dec

A quarter of brits worry their belongings may get stolen this Christmas

New research from Metro Bank, conducted by YouGov, has revealed the extent to which people worry about their personal belongings. As Christmas is fast approaching and police warn the public not to put their presents out for others to see, it’s no surprise that a quarter of British adults that say they have a prized […]

21 Dec

Aldermore says working from home saves Brits an average of £110 per week

New research from Aldermore bank, asking 2,000 UK adults about their savings habits, reveals that the Covid-19 pandemic has enabled Brits working from home to save an average of £110 per week. This change in routine has significantly changed people’s weekly spending and indicates that Brits will be more savings savvy in the future. Every little […]

16 Dec

Grandparents give £12 billion in financial support during Covid-19

New research from Direct Line Life Insurance reveals that in total, parents of under 18s and their children have received £12 billion in financial support from grandparents since the pandemic began in March. This equates to receiving £2,821 between March and November from the bank of Gran and Grandad. Before Covid-19, grandparents were giving their […]

9 Dec

Tesco Bank and MoneyGram introduce enhanced money transfer options

The partnership between Tesco Bank and MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, has been further enhanced by the launch of a new, simplified pricing structure for international money transfers.  This is exclusively available in Tesco stores; delivering value to Tesco shoppers and enabling them to quickly and easily […]

9 Dec

Brits set to spend £873 million on Christmas stocking fillers

A Christmas stocking is the quintessential festive gift and new research from American Express reveals people gifting stockings this year are set to spend an average of £45 on stocking fillers. With over a third (37%) of Brits planning to buy stocking fillers for loved ones this year, this equates to a £873 million spend […]