Personal Finance News

26 Jan

Over 3.5 million people have switched banks since launch of Current Account Switch Service

The latest figures for the Current Account Switch Service published this week show that over 3.5m (3,520,190) successful switches have taken place since the service launched in 2013. During the last 12 months (1 January 2016 to 31 December 2016), a total of 1.01 million switches were completed, with 208,387 switches recorded in the last quarter […]

26 Jan

Brits have started the new year with an average debt of £636

New research by Onbuy.com/gb has analysed data conducted by AXA Insurance to establish which cities are most at risk of debt in 2017 – with Brighton,Cardiff and Newcastle struggling the most. Onbuy.com/gb looked to assess and evaluate how long cities will take to repay their debts – with Belfast taking the longest at 6.5 weeks […]

16 Jan

Five tips to help combat the stress of finances

By Emma Huntington, Managing Director of Zurich FutureYou Keep on track by getting organised With so many bills to pay each month, it can be stressful keeping up with how much is coming in and out of your account. You can keep up-to-date by creating a spreadsheet. Having a document that lists everything in one […]

16 Jan

One in four card payments now contactless

A quarter of all card transactions are now made via contactless, new figures from The UK Cards Association show. 325 million purchases were made using contactless debit and credit cards in November 2016, accounting for 25 per cent of all card payments in the month. The rise in contactless payments led to a record £2.9 […]

16 Jan

Brits underestimating potential pay rise from remortgaging

The remortgaging rush is expected to continue in 2017, with almost a third (31%) of eligible homeowners planning to cash in on low interest rates. One in four of those plan to act now and remortgage in January. The potential savings they could be making, however, are being underestimated by nearly half, according to a […]

12 Jan

Savers plan to put away more than £2,500 each this year

Forty per cent of UK savers have said they each plan to put aside more than £2,500 in 2017, research carried out by Charter Savings Bank has discovered. The research found that those planning to put money away hope to save an average of £228 every month, a total of £2,736 over the course of […]

12 Jan

Holidaymakers still planning to get away on holiday despite fall in sterling

Nearly 34 million people in Britain (66% of adults) are planning overseas holiday escapes during 2017, according to new findings from Sainsbury’s Travel Insurance & Travel Money. The figures are almost identical to last year (67%), revealing a resilience in the overseas holiday market despite a significant fall in the value of sterling against the US […]

12 Jan

Average UK adult now managing over 30 personal finance related contracts and accounts

New research from Gocompare.com Money has found that, on average, people now manage over 30 accounts across all aspects of their lives, from online banking and shopping, to gym memberships and subscriptions for home entertainment.  And almost a third of us are stressed out by trying to keep track of them all. The survey of […]

4 Jan

The best time to book and travel in 2017 revealed

Timing is everything when it comes to scoring the cheapest prices for flights and hotels in 2017, according to new analysis by travel search engine KAYAK.co.uk. By analysing data based on millions of searches, KAYAK has found that with a little planning, travellers can save huge amounts of money. Booking and travelling to Brits favourite […]