Personal Finance News

28 Feb

Customers urged to switch savings providers and earn hundreds of pounds per year

Yesterday, the Financial Conduct Authority launched a new campaign, urging customers to compare deals to ensure the best savings rates on their deposits. And to save people time and money, TotallyMoney has crunched the numbers and highlights some of the best and worst places to put their money: For the mean average* savings, a poor-value, […]

27 Feb

The real cost of low-rate mortgage offers

As inflation has slowed and expectations of the Bank of England’s base rate have risen, mortgage lenders have slashed APRs in a bid to grab the headlines and attention of would-be borrowers. This week, borrowers can lock in rates as low as 4.63% for a 75% LTV two-year fixed rate deal. However, often these eye-catching […]

22 Feb

Uninsured contents: Billions’ worth of possessions at risk of being lost

A new study has revealed that a staggering £276 billion worth of possessions are uninsured in the UK. The research estimated that the total value of the UK’s contents is a jaw-dropping £827 billion, but said around 9.3 million households do not have any contents insurance. As a result, it’s likely that only a few […]

21 Feb

£25 Cashback Boost For New Amex Platinum Cashback Everyday Credit Cardmembers

American Express has launched its first-ever limited time offer on the Platinum Cashback Everyday Credit Card, offering new Cardmembers 5% cashback up to an increased £125, over an extended five month welcome period. This is £25 more than the usual £100 limit on the 5% introductory cashback rate, and runs over an extended five month […]

19 Feb

Which mileage milestones drop a car’s value?

A new study by Carwow has found just how severely mileage impacts the value of used cars. The study reveals car valuations can drop by a staggering 27% once they tip over the 60,000-mile mark. As a result, owners looking to sell are now being advised to do so before their vehicle hits this 60k […]

14 Feb

Sterling Gains On Nine Out Of Ten Top Currency Destinations, Reveals M&S Travel Money

M&S Travel Money insight reveals the value of the pound has increased against nine of the top ten currency destinations over the last 12 months, meaning families heading away for some winter sun may see their travel money go that little bit further, compared to the same time last year. While sterling has gained ten […]

13 Feb

Motor insurance premiums continue to increase, new data shows

Go.Compare car insurance has today released new data, showing that the average car insurance premium has risen by 35% in 12 months. The latest price index from Go.Compare car insurance shows that in Q2 2022, the average price of car insurance was £347, and then in Q4 2023, it had risen to £465, an increase of […]

8 Feb

Britain’s biggest concerns amid the cost of living crisis

Data from Hodge  reveals 80% of Brits are most concerned about the increase in energy prices, 72% are worried about everyday costs and 61% are struggling with rising inflation. Although concerns about the rising cost of living have eased slightly, it continues to impact over three quarters (76%) of people surveyed. From a regional perspective, top worriers […]

8 Feb

Is it cheaper to avoid toll roads?

A recent data analysis revealed the substantial financial contribution made by vans to toll roads in England. In 2022, they generated a daily estimated revenue of £339,488, resulting in an annual revenue of over £123 million. Van drivers, who make up 18% of road traffic, are spending more time exploring cost-efficient ways to manage their […]