Personal Finance News

16 Mar

Common hire car pitfalls and how to avoid them

iCarhireinsurance.com, a leading supplier of car hire excess insurance, has compiled an essential checklist to ensure holidaymakers get the best deal on their hire car in 2022 and avoid car hire pitfalls. Shop around and consider booking early – There is a global hire car shortage this year, and increased demand as people return to travel, so […]

10 Mar

Brits are missing out on £2 billion pounds of interest ahead of the new tax year

It’s one month to go before the end of financial year, the traditional time for savers to make the most of their current tax-free allowance and start thinking about their ISA (Individual Savings Account) plans for the year ahead. Brits have continued to build on their savings pots with the nation stashing away £7.7billion in […]

2 Mar

TotallyMoney launches new Cashplus credit card for UK’s 3.2 million sole-traders

TotallyMoney and Cashplus today announced the launch of a new credit card to market, in a bid to help close the £6bn SME lending gap where 65% of new businesses are refused credit. Enabled by an API integration between the two parties, the product features guaranteed rates, guaranteed limits, and eligibility checking. This means applicants […]

28 Feb

Cost of living squeeze hitting savings goals

The increased cost of living is the main barrier for adults maintaining a savings goal, with those in the ‘squeezed middle’ age bracket hit the hardest, Paragon Bank research has found. Paragon’s survey of 2,000 adults revealed three in five (62%) admit to struggling to maintain savings commitments, with 33% highlighting the increased cost of […]

25 Feb

Aldermore increases rates on Savings and Cash ISA accounts

Aldermore bank has today increased the rates on a range of its fixed rate and individual savings account (ISA) products, providing savers with choice for their medium- and longer-term savings goals. Our Fixed Rate Savings accounts provide competitive long term rates that protect your hard earned money from interest rate fluctuations so you’ll always know exactly how much […]

15 Feb

UK petrol and diesel costs hit “record high” – 5 expert tips for slashing your fuel costs

New figures reveal that the average petrol price in the UK has surpassed 148p per litre for the first time.    According to the AA, the cost of petrol has now jumped to 148.02p per litre on Sunday – rising above the previous record high of 147.4p per litre.   Following this news, Nick Drewe, money-saving expert at WeThrift has shared six […]

14 Feb

Three quarters of UK adults aren’t confident about reaching their financial goals this year

Recent research from RCI Bank, the digital savings bank, has found that 74% of UK adults who aren’t confident about reaching their financial goals this year think the biggest barrier for them to do so will be the rising cost of living. This comes as the latest ONS figures released in December 2021 showed an annual […]

11 Feb

More than 7 in 10 people are looking to change their energy usage

“A recent survey was taken that asked 1,000 people if having a smart meter installed gave them stress and anxiety. Nearly 30% answered yes, but now we wonder if this will increase if people have to start paying more? The new energy price cap is to go up c.54% which could be detrimental to the […]

4 Feb

One in five Britons plans to buy a property in 2022

One in five UK adults plan to buy a property in 2022, new research from Market Financial Solutions (MFS) has revealed. The bridging lender commissioned an independent survey among more than 2,000 UK adults. It found that 18% intend to purchase property this year, including 34% of those aged 18-34. Among renters, 14% plan to buy their […]