Personal Finance NewsWith the ongoing cost of living crisis, households are paying more for energy bills in winter 2023 than the previous year, despite the energy price cap expected to fall this month. The average annual energy bill is estimated at £1,923 this year- £134 higher than the average bill last year. According to GOV.UK, around 12.4 million people in […]
New research from Go.Compare money has revealed that a quarter of parents (26%) who host a birthday party for their child will be covering their costs on a credit card, and over a third (36%) have said they’ll be using their savings to pay for the celebrations. The research, which surveyed over 500 parents with children aged […]
With 52% of customers paying credit card interest each month, TotallyMoney highlights how much money people can save with a balance transfer, even if they have a poor credit score: The market-leading balance transfer product could help excellent credit score customers reduce payments by £1,285 and stop paying interest until February 2026* Those with a good credit […]
Starling Bank has announced that from 1st October, it will increase its in-credit current account interest rate to 3.25%. The new rate is payable on balances up to £5,000 for sole accounts and £10,000 for joint accounts. John Mountain, interim CEO of Starling Bank said: “Most banks with competitive interest rates require customers to move […]
New research from London IT support provider Amazing Support reveals that the UK has lost a total of £1.6Bn to fraud and cyber-related crime since the start of the year. Analysing data drawn from Action Fraud’s website, figures show that from a total of 240,067 reports made, 212,343 of these have come from the UK’s general public, […]
To mark UK Savings Week, the Saffron Building Society launched a survey to better understand the UK’s generational saving habits, and the findings highlight a significant financial reliance on parents and grandparents. While the bank of Mum and Dad is helping to keep today’s young people afloat, data suggests that unless savings habits change, it may […]
Leeds Building Society will reward homeowners for energy efficiency with the launch of a new green mortgage. The new mortgage product factors in a property’s Energy Performance Certificate (EPC) rating to offer preferential rates for the most energy-efficient homes. Benefitting mortgage applicants for EPC A-C rated homes, the improved rate recognises the tangible savings the most […]
‘Retirement anxiety’ is increasingly becoming an issue for over 40s, due to the financial pressures of the rising cost of living on income and savings, according to new research launched today from financial planners, abrdn. abrdn’s latest research into the nation’s retirement anxieties highlights that nearly two thirds (58%) of UK adults aged 40 years+ […]
Leeds Building Society has announced the launch of a new online tool designed to help members monitor and manage their home energy usage, reduce their environmental impact, and save money. The tool, developed in collaboration with Energy Saving Trust, offers users tangible solutions to promote energy efficiency and help residential borrowers and landlords to make […]
