UK Grandparents to spend £3billion on gifts for grandchildren this Christmas

The nation’s 14 million grandparents could spend as much as £3 billion on presents for their grandchildren this Christmas, a new MBNA study reveals. Grandparents polled across the country say they will spend an average of around £74 on each of their grandchildren this year. Londoners top the spending poll, averaging more than £111 per […]

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Brits expected to withdraw £11.75 billion from ATMs in December

Analysis by Sainsbury’s Bank predicts that this December approximately £11.75 billion could be withdrawn from LINK ATMs, the UK’s cash machine network– equal to more than £379 million every day during the month. The supermarket bank, which has over 1,635 free-to-use ATMs across the UK, estimates that the number of cash withdrawals carried out at LINK ATMs in […]

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Too little too late for forgotten savers

Last week the regulator (FCA) announced a package of measures to improve competition in the savings market. The proposals included clearer information on interest rates, reminders when promotional rates come to an end and making it easier and quicker to switch accounts. Whilst any move to try to get people earning a better return on their […]

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Learner drivers at risk of losing their licences this Christmas

Research has revealed that 17% of learner drivers have acted as ‘designated drivers’ over the festive period and been relied upon to drive people home after a Christmas night out. However, the Co-op Insurance is urging people rethink their ‘designated driver’ plans and to leave learners drivers out of the selection process. The law states […]

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More than one in 10 couples don’t tell the truth on their earnings

Couples across the UK are keeping millions of pounds worth of money secrets from each other and potentially threatening their prospects of a comfortable retirement later in life, according to new research from Prudential1. The insurer’s annual survey of co-habiting couples over the age of 40 is now in its sixth year and found that […]

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NatWest and Royal Bank of Scotland help people and businesses affected by flooding

For personal customers: ·         Mortgage and loan repayment deferral for up to three months ·         Customers can close fixed savings accounts to access cash with no Early Closure Charge ·         Refunds on credit card cash advance fees ·         Customers can apply for increased temporary credit card limit ·         Customers can request an increased cash withdrawal […]

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Don’t let your bank sting you for dipping into the red this Christmas

Christmas is the one time of year when your bank balance can take a real hammering, so it’s a big help if your employer enters into the festive spirit and pays your December salary a week or two in advance. This may initially prove to be a godsend particularly when faced with the extra cost […]

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Savers are on average earning annual interest of just £43

New research from Charter Savings Bank  has found that more than a fifth of UK adults with savings are earning 0.5% interest or less on their primary savings account, which is less than the base rate set by the Bank of England. The research shows that as a result of historically low interest rates, combined […]

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A dozen tips to help you avoid the festive fraudsters

As Britain hits the shops ahead of Christmas and Government figures show one in 12 of us is falling victim to scams, Nationwide Building Society has just released its 12 top tips to avoid fraudsters during the busy festive period, as follows: Trust your instincts – is that must-have toy back in stock on an unusual […]

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Tesco Bank offers free credit reports to Foundation Credit Card customers

Tesco Bank customers with its credit building Foundation Credit Card are to receive free access to their credit score and be alerted every time there is a change to their credit report. The service is free for 3 years and is available to the Bank’s existing Foundation Credit Card customers immediately and to new card […]

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