Personal Finance NewsSainsbury’s Bank has enhanced its Nectar Credit Card with a new, enriched Nectar offer. Sainsbury’s customers can collect 10,000 Nectar points, worth £50, when they spend over £400 in Sainsbury’s, Tu Clothing or Argos in the first two months after opening the account. The new credit card offer ranks highest for earning rewards compared to […]
Finance experts TotallyMoney reveal how much customers could save by avoiding finance options at car dealerships amid the Financial Conduct Authority’s (FCA) crackdown on unfair commission agreements. A staggering £300m is being lost every year across the UK due to commission-focused dealerships, FCA reports* The majority of new car registrations (9 in 10) were financed through dealerships in 2018† Nearly three […]
In a survey involving more than 8,000 customers, Paragon Bank found that 21% of Gen-Z savers were spending more than before during the pandemic – this is 160% higher than the overall average of 8%. Customers aged 18-24 years old were also twice more likely to have withdrawn money from savings to pay for essentials […]
More than a quarter (28%) of all British adults believe they may have lost track of one of their pensions or let it become dormant, according to a new study by Gretel, the free online service which helps people track down lost bank accounts, investments, life insurance and pensions. Changing jobs is a common way […]
Online car finance purchases are expected to rise by 33%, accounting for more than half (56%) of transactions for the first time ever. The move away from the traditional dealership model comes as Brits become more open to shopping around for their own finance deals, with 60% saying searching online for car finance is their […]
Aldermore bank has today increased the rates on a range of its fixed rate business savings products. The following business savings rates will be available immediately: 6 Month Fixed Rate – increase from 0.55% to 0.75% 1 Year Fixed Rate – increase from 0.75% to 1.00% Ewan Edwards, director of savings, Aldermore comments: “We’re committed to offering competitive […]
Finance experts TotallyMoney have warned that consumers could be unwittingly losing hundreds of pounds by using certain financial products against their advantage. Research reveals: A massive 20% drop in income and 10 million people on the furlough scheme during coronavirus has seen many turn to credit to get by.│ However, TotallyMoney has warned that with interest-free overdrafts […]
NS&I has this week announced that, starting from the December 2020 prize draw, it will start to move customers to having Premium Bonds prizes paid directly into their bank accounts – a quicker, easier and more secure way for customers to receive prizes. The issuing of paper warrants (like a cheque) for the payment of […]
Fears and concerns around financial scams has increased over the past three months as over a third (36%) of UK adults say they their worry levels have increased – this compares to 26% when Canada Life, the financial services firm, last ran the data in May. The data reveals the situation is getting worse as […]
