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Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Banking News Stories

The free bank account myth

Updated: 08th August 2017 - First Published: 08th August 2017 Many people may be tempted to believe that they are getting a ‘free’ bank account when they don’t see any upfront or monthly fees, but our latest research shows that nine in 10 current accounts charge some kind of fees. Read More...

Change to overdraft rules on the cards

Updated: 31st July 2017 - First Published: 31st July 2017 Falling into an unplanned overdraft can be a costly mistake, with sky-high fees and additional charges making it something that can be difficult to recover from - which is why it’s welcome news that the UK’s financial watchdog is calling for change. Read More...

Time to switch current account?

Updated: 27th July 2017 - First Published: 27th July 2017 Many of us have been with our current account provider for years, and often fail to give switching much thought. However, with fierce competition, now could be a great time to reconsider your options, and join the millions of others doing just that. Read More...

6 of the best high interest current accounts

Updated: 20th July 2017 - First Published: 20th July 2017 At one time, savings accounts were the only sensible place to put your hard-earned cash, but thanks to rising inflation, it's becoming increasingly difficult to secure a meaningful return. Read More...

Beat inflation with high interest current accounts

Updated: 20th July 2017 - First Published: 20th July 2017 Figures earlier this week revealed that there are still no savings accounts that beat inflation, but all is not lost – there are a few other options that can provide a real return, and high interest current accounts could be one of your best bets. Read More...

Current account rewards disappearing

Updated: 04th July 2017 - First Published: 04th July 2017 Dampening activity in the banking sector has started to affect the perks that customers have been able to get on current accounts. We’ve taken a look at some of the rewards still available, to see if switching could still be worth it. Read More...

New current account switching incentives

Updated: 23rd June 2017 - First Published: 21st June 2017 Yesterday, Halifax announced the return of its popular £125 switching incentive. With HSBC having announced a £200 incentive earlier in the month, we thought we’d take a closer look and see how these new enticements measure up. Read More...

3.7m people switched current account since 2013

Updated: 26th April 2017 - First Published: 26th April 2017 Switching current account has been easier than ever since the Current Account Switch Service was introduced in September 2013, and millions have taken the plunge to do just that. If you’re not one of them, is it worth joining in? Read More...

Switch current account and save £116

Updated: 31st March 2017 - First Published: 31st March 2017 The Current Account Switch Service has just released its first annual report, which revealed that, not only has the scheme enjoyed “many successes” since its launch, but consumers could save a potential £116 each by using it! Read More...

Co-op Bank up for sale

Updated: 13th February 2017 - First Published: 13th February 2017 The Co-op Bank has been put up for sale, but what does it mean for those who bank with it? If you’re a customer, you’re undoubtedly wondering how a future sale will impact you, so we take a closer look at the background, as well as what happens next. Read More...


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