This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more Interest rates: What inflation rise means for mortgages, savings, and pensions (Image: Getty) The Consumer Price Index (CPI) inflation rate increased once again in the 12 months to December to four percent, adding further pressure to […]
Bosses at the Bank of England are likely to put the brakes on plans to drop interest rates but Britons should plan for big rates cuts soon, an expert has warned. Inflation increased to four percent for the year to December, defying some expert predictions it would continue to fall, after duty hikes led to […]
Yorkshire Building Society has launched a new version of its popular regular savings account to help people put money away for this year’s Christmas spending. The Christmas Regular Saver account has a variable interest rate of six percent and allows customers to deposit between £1 and £150 per month. Access to to the account is […]
British Gas has announced they will now allow prepayment customers to benefit from their cost saving scheme. Over 600,000 smart prepayment customers and 16,000 are so far signed up in a bid to take part in the lastest energy saving scheme happening tonight. This evening, British Gas has confirmed it will take part in the latest […]
Low income households could benefit from a £150 rebate on their energy bills – and they’re being urged to act now. With the Warm Home Discount Scheme, Britons are entitled to get £150 off their electricity bill for winter 2023 to 2024. Rather than this money being directly paid to someone, it’s a one-off discount […]
Savings rates are now starting to fall across the board as banks and building societies anticipate that the Bank of England may soon start cutting base rates. Providers are maintaining the illusion of higher rates by launching accounts with short-lived initial bonuses. When they expire, savers will get a much lower return. This bumps them […]
The cost of overdrawing a bank account could fall to as little as $3 under a new proposal announced by the White House on Wednesday. It comes as the Biden administration looks to tackle fees it says bring an unnecessary burden on US consumers, particularly low-income families. Officials said the move could save consumers, who […]
Martin Lewis has urged drivers to check if they’re one of the “millions” across the UK eligible for a pay-out. MoneySavingExpert.com (MSE), which was founded by Mr Lewis, warned that those with a car or van finance (eg, PCP) before 2021 may be due thousands. The regulator the Financial Conduct Authority has launched a huge […]
December’s surprise rise in inflation has renewed fears of “completely unacceptable” price rises for millions of broadband customers from April. Many of the biggest broadband firms – such as BT, EE, Plusnet, Shell Energy, TalkTalk, Virgin Media and Vodafone – raise prices every April in line with the Consumer Price Index (CPI) or the Retail […]
The average UK house price was £6,000 lower in November 2023 than 12 months earlier, according to the Office for National Statistics (ONS). Property values fell by 2.1 percent over the 12 months to November 2023 to reach £285,000 on average. Average house prices over the 12 months to November 2023 decreased in England to £302,000 (a […]