Independent - Money

Martin Lewis issues ‘urgent’ warning to savers over interest rates freeze

Thu, 21 Sep 2023 23:02:55 +0200

The MoneySavingExpert.com founder said fixed savings rates could be shaved down but highlighted a tactic that savers could use

Martin Lewis issues ‘urgent savers warning’ as Bank of England base rate is held

Thu, 21 Sep 2023 15:48:30 +0200

The MoneySavingExpert.com founder said fixed savings rates could be shaved down but highlighted a tactic that savers could use.

What are the best savings account offers as Nationwide launches 8% with £200 bonus

Thu, 21 Sep 2023 15:39:44 +0200

Comes as Bank of England decides to freeze interest rates at 5.25 per cent for first time in two years

The Insider: Brush up on the best vacuum cleaners around

Thu, 21 Sep 2023 15:16:20 +0200

We all want a vacuum cleaner that effortlessly picks up dust and dirt, but the latest models offer much more than that. From dinky, space-saving models to those that come with hi-tech electronic dust sensors, there's a shape and size to suit every household. It's not all about style and features, though a great vacuum cleaner needs to perform well on the floor surfaces you have in your home and be reliable, too.

Rate hike pause ‘will offer some relief to those struggling with housing costs’

Thu, 21 Sep 2023 14:24:05 +0200

The rate pause brings relief to mortgage holders but some finance experts suggested the best cash savings deals may not be around for much longer.

32% of people ‘have £100 or less left in their account at end of each month’

Thu, 21 Sep 2023 12:58:17 +0200

One in 11 people said they have no money left in their account at the end of the month, according to Nationwide Building Society.

Nationwide Building Society launches 8% savings rate and £200 switching offer

Thu, 21 Sep 2023 01:01:00 +0200

According to financial information website Moneyfacts, the last time a cash regular savings account was offering a rate of 8% was in 2013.

City regulator warns insurance firms to make sure they are offering fair value

Wed, 20 Sep 2023 12:48:25 +0200

The FCA has identified evidence that some guaranteed asset protection products, an add-on to motor cover, may be failing to provide fair value.

Annual house price growth slows amid record jumps in rental prices

Wed, 20 Sep 2023 11:52:56 +0200

Property values increased by 0.6% annually in July 2023, compared with a 13.8% annual rise in July 2022.

Payment shock warning as half a million fixed mortgages to end around Christmas

Wed, 20 Sep 2023 01:01:00 +0200

Homeowners who are concerned about their ability to make mortgage repayments should contact their lender.

Demand among savers for fixed-term deals has surged, bank reports

Tue, 19 Sep 2023 16:25:30 +0200

NatWest said more than 82,000 fixed-term savings accounts were opened in the first half of this year.

Do you have a right to a bank account?

Tue, 19 Sep 2023 13:57:41 +0200

The regulator is taking a closer look at why people do not have a bank account and an apparent high range of declines for those seeking basic banking.

Home insurers record a jump in subsidence payouts as volume of claims rises

Tue, 19 Sep 2023 01:01:00 +0200

The total value of subsidence payouts, at £54 million, jumped by 21% compared with the second quarter of 2022, the ABI said.

Young adults urged to claim forgotten ‘pot of money with their name on’

Mon, 18 Sep 2023 12:49:48 +0200

HM Revenue and Customs said nearly 430,000 18 to 21-year-olds have an unclaimed child trust fund, worth £2,000 on average.

Average rates on some savings accounts hit 5% for first time in nearly 15 years

Mon, 18 Sep 2023 11:23:40 +0200

Interest rates on one-year and longer-term fixed bonds and Isas are reaching levels not seen since 2008, Moneyfacts said.

Third of savers ‘keep most of their cash in a current account’

Mon, 18 Sep 2023 01:01:00 +0200

One in seven adults have no savings at all, according to the survey for the Building Societies Association to mark UK Savings Week.

Proportion of homes for sale with prices slashed ‘highest in over a decade’

Mon, 18 Sep 2023 01:01:00 +0200

The average size of the price reduction is also the highest in over a decade, at 6.2%, suggesting some sellers were too optimistic, Rightmove said.

10 facts and figures to mark 10 years of the Current Account Switch Service

Sat, 16 Sep 2023 01:01:00 +0200

As the service celebrates 10 years since it launched back on September 16 2013, here are some key facts and trends that it has recorded.

More than 9.6m current accounts switched since service launched a decade ago

Sat, 16 Sep 2023 01:01:00 +0200

The Current Account Switch Service, which takes the hassle out of moving bank or building society accounts, launched on September 16 2013.

Gabby and Kenny Logan receive damages over false tax avoidance claims

Fri, 15 Sep 2023 13:30:09 +0200

The couple have settled legal action after complaining about allegations published online