Personal Finance News

29 Dec

Consumers forced to clear debt over a year early due to lenders’ 0% balance transfer squeeze

Research by credit experts TotallyMoney and MoneyComms warns that lenders are putting the squeeze on introductory 0% interest cards for balance transfers. Consumers looking to take charge of their debt in the new year may struggle to find a deal that lasts long enough to clear their debt interest-free. The maximum term for interest-free transfers […]

23 Dec

Record-breaking fraud prevented in run up to Christmas

23 Dec 2019 A record-breaking number of transactions are being processed in the run up to Christmas as shoppers rush to finish last minute shopping. Since Black Friday, NatWest customers have spent £11,816million. This is coupled with a record number of fraud attempts, with NatWest flagging and preventing 39,181 fraudulent transactions, preventing debit and credit customers from […]

19 Dec

Parents plan to splash out an average £108 on stocking fillers

19 Dec 2019 New research from Charter Savings Bank reveals that parents are collectively spending £2.45 billion on stocking presents for their children this Christmas, with parents splashing out an average £108 on stocking fillers during the festive season. The growing spending on stocking fillers highlights the enduring importance of the Christmas stocking tradition – just […]

19 Dec

Brits Christmas shopping on unfamiliar websites fall victim to fraud

In a bid to find the perfect Christmas present, a quarter of Brits have been victims of fraud when shopping online on websites or online marketplaces they wouldn’t normally use. Whether it’s searching for the next ‘it’ toy, rare sport memorabilia or unusual item of jewellery, people are losing money to fraudsters. Shoppers have lost […]

16 Dec

The average household now has £38,000 worth of possessions

16 Dec 2019 The average household now has £38,000 worth of belongings; an increase of almost £3,000 in the last four years, according to analysis from home insurance provider, buzzvault. Total physical wealth – the value of household contents, possessions and valuables owned – for all households in Great Britain has rocketed to £1.3 trillion, up £185 […]

11 Dec

7 in 10 Brits making big cutbacks this Xmas

10 Dec 2019 Seven in ten Brits say they plan to make big cutbacks this Christmas in order to save money, according to new research from AA Financial Services. Overall, three quarters of women are putting plans in place to spend less, whereas only 66% of men have a Christmas budgeting strategy. With the major […]

4 Dec

NatWest to pilot the UK’s first biometric payment fob

04 Dec 2019 The first biometric fingerprint payment fob issued by a UK bank begins a three-month national trial today (4 December 2019). NatWest is piloting the cutting-edge, biometric fingerprint technology with 250 customers. The bank has previously piloted biometric cards, but this will be the first-time payments have been made possible over £30 without […]

3 Dec

Energy suppliers charging vulnerable customers up to £93 a year to pay by cash or cheque

03 Dec 2019 Research from auto-switching energy service, Migrate found that energy suppliers are charging customers an average of £87 a year to pay on receipt of a quarterly bill rather than pay monthly via direct debit. The largest difference between payment options comes from Utility Warehouse, who charge customers £93 a year to pay on receipt […]

26 Nov

Paragon Bank launches Lifetime ISA

26 Nov 2018 Paragon Bank has introduced new competition to the Lifetime ISA market, launching a Cash Lifetime ISA (LISA). The Lifetime ISA currently pays 1.15% and can be opened between the ages of 18 and 39, allowing customers to save up to £4,000 a year tax-free and receive a 25% government bonus until they […]