Current Accounts

New report shows cash still dominates

New report shows cash still dominates

52% of all payments made by cash in 2013* Number of free-to-use ATMs at all time high On average £6,083 withdrawn per second at ATMs in 2013 A new industry report**, UK Cash & Cash Machines 2014, published today (6 June 2014) confirms the strong role cash continues to play in our society, even when digital currencies […]

By June 9, 2014 Read More →
Sainsbury’s Bank Travel Money – 48 hour rate sale

Sainsbury’s Bank Travel Money – 48 hour rate sale

As we move towards the summer holiday season, we’re starting to see seasonal offers on Travel Money. Sainsbury’s Travel Money is offering a special rate(1) on all currencies bought online or over the phone between 9.30am, Tuesday 10th June and 9.30am, Thursday 12th June. Nectar cardholders could also benefit from exclusive rates(2) by providing their card number when they […]

By June 9, 2014 Read More →
The real cost of a bounced Direct Debit

The real cost of a bounced Direct Debit

With 42% of current account holders having paid bank charges*, many of us are familiar with the cost of a bounced (or returned) Direct Debit – when your bank refuses to honour the payment because you have insufficient funds. Most basic bank account and current account providers charge for this, with some charging up to […]

By June 19, 2013 Read More →

Credit Cards

Increased use of cashback credit cards

Increased use of cashback credit cards

Credit card customers cashing in with cashback Petrol stations and supermarkets see big increases – with spend rising 64 per cent and 99 per cent respectively Santander 1|2|3 Cashback Credit Card has given customers over £27.6 million in cashback since launch in September 2011 With a reported 60 per cent increase in credit card usage […]

By June 11, 2013 Read More →
Virgin announce 26 month balance transfer card

Virgin announce 26 month balance transfer card

Interest free balance transfer period extended to 26 months, with six months for purchases Survey shows people underestimate how much life can change in little over two years Almost ¾ of people surveyed had experienced life changing event over past two years But only 24% believe they will experience a life changing event over the […]

By June 11, 2013 Read More →
Banks battle for credit card balances

Banks battle for credit card balances

Banks compete to offer low fees and long interest-free periods Average balance transfer fee of 2.81% is lowest in five years* Interest-free introductory period have almost doubled in duration in last five years Yet representative APR has steadily increased  Banks in the UK are battling to attract credit card customers in need of a balance […]

By June 11, 2013 Read More →

Savings and Investments

Skipton launches new one-year bond

Skipton launches new one-year bond

Skipton Building Society has today (Wednesday 19 June)launched a new one-year Fixed Rate Branch Bond paying up to 1.35%. This new addition to the Society’s fixed rate branch bonds offer customers the chance to benefit from competitive returns over terms of one, two or five years. The minimum investment for the new account is £500, […]

By June 19, 2013 Read More →
Three million Britons have a second job to boost income

Three million Britons have a second job to boost income

Three million (six per cent) Britons have a second job to boost their income One in three (36 per cent) people supplement their primary monthly income, pocketing £2,536 a year each People warned they may not be covered by their existing insurance policy if they are earning money from home to top up their monthly […]

By June 17, 2013 Read More →
AXA Wealth calls for two year sunset clause on the cash rebate ban

AXA Wealth calls for two year sunset clause on the cash rebate ban

AXA Wealth believes platform paper position on rebates may be counter intuitive to the principles of RDR by favouring an old world model The Financial Conduct Authority’s recent platform paper set out a ban on platform cash rebates, including legacy on cash rebates, from April 2014, with all other legacy business required to move away […]

By June 12, 2013 Read More →

Borrowing

1 in 20 say they couldn’t live without borrowing

1 in 20 say they couldn’t live without borrowing

Nearly two-thirds of people borrow Just 1 in 10 feel ‘relaxed’ about borrowing Women twice as likely as men to be scared of borrowing Nearly one in 20 people in the UK admit they could not live without borrowing money. New research conducted on behalf of alternative account provider thinkmoney.co.uk reveals that 4.3% of adults […]

By April 28, 2014 Read More →
Payday lenders’ failure to treat customers fairly sparks Parliamentary action

Payday lenders’ failure to treat customers fairly sparks Parliamentary action

Evidence from Citizens Advice found payday lenders are not keeping to their own promises including checking if people can afford to pay back loans, freezing interest rates and charges for those struggling to repay and not pressuring people into extending loans. Paul Blomfield MP is now introducing a Private Members Bill to protect people from […]

By June 17, 2013 Read More →
M&S Bank launches its lowest ever personal loan rates

M&S Bank launches its lowest ever personal loan rates

With exclusive rates for existing customers M&S Bank has launched its lowest ever loan rate today (Tuesday 28th May), with a rate of 5.00 per cent APR (representative) on loans between £7,500 and £15,000, available exclusively for existing M&S current account, credit card and loan customers. M&S Bank has also introduced market-leading mid-value and high-value […]

By June 11, 2013 Read More →

Mortgages

New Mortgage rules come in to effect

New Mortgage rules come in to effect

From today, new rules from the Financial Conduct Authority (FCA) come into force which will put common sense at the heart of the mortgage market and prevent borrowers ending up with a mortgage they cannot afford. The key changes, which are the outcome of the FCA’s mortgage market review (MMR), mean that most people will […]

By April 26, 2014 Read More →
Gocompare.com comments on the FCA’s new mortgage rules

Gocompare.com comments on the FCA’s new mortgage rules

New mortgage lending rules, developed by the Financial Conduct Authority (FCA) following its mortgage market review, will take effect from Saturday 26 April, and will see prospective homebuyers and movers facing more scrutiny of their outgoings when applying for a mortgage. Matt Sanders, Gocompare.com’s mortgage spokesman, said: “For some time now lenders have been requiring […]

By April 25, 2014 Read More →
Barclays heats up mortgage market with rate cuts

Barclays heats up mortgage market with rate cuts

Barclays is making further cuts to its residential mortgage range, reducing rates by up to 70 basis points and launching new remortgage offers designed to help over 3.1m borrowers save money on their mortgage. Coming into effect from Friday 21 June, the “Great Escape” range of remortgage offers is expanded with a new option specifically […]

By June 23, 2013 Read More →

Insurance

Defaqto launches new Star Ratings for whole of life policies

Defaqto launches new Star Ratings for whole of life policies

Defaqto, an independent researcher of financial products, has launched new Life Assurance Star Ratings for whole of life policies to help advisers and consumers identify where products sit in the market in terms of the overall quality they offer. This further enhances Defaqto’s ratings in the life assurance space, adding to the Star Ratings for […]

By May 2, 2014 Read More →
Organised gangs behind fraudulent claims

Organised gangs behind fraudulent claims

Aviva, the UK’s largest insurer, detected over £110 million worth of insurance fraud in 2013 – a 19% increase compared with 2012. Aviva detects over 45 fraudulent claims per day worth more than a total of £300,000.* Aviva’s figures show that insurance fraud is a diverse crime and can range from exaggerating genuine claims or […]

By April 27, 2014 Read More →
Uninsured driver fines not enough, says AA

Uninsured driver fines not enough, says AA

Court fines less than fixed penalty ‘Tough, no-compromise approach’ needed Among the motoring offence reforms being introduced by the government next month is an increase in the fixed penalty for driving without insurance, from £200 to £300. However, Simon Douglas, director of AA Insurance, says that while this increase is welcome, it will do little to […]

By June 18, 2013 Read More →

Other Recent Posts

The Second Blog Test Post

The Second Blog Test Post

This is a second blog entry. Here I can write lots and lots more about any particular subject.

By June 23, 2013 Read More →
Blog Test Post One

Blog Test Post One

The first blog test post. This will be to appear later and will have lots of information on it for you to read through.

By June 23, 2013 Read More →
Post Office to lend £2.5bn as mortgage demand grows

Post Office to lend £2.5bn as mortgage demand grows

Post Office intends to lend £2.5bn to mortgage borrowers by year end Fifty mortgage specialists in place by end of June The Post Office has today launched a major assault on the mortgage market with its intention to lend £2.5bn by the end of the year. Post Office will increase the amount it lends in […]

By June 19, 2013 Read More →