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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.

Product News

Paragon’s market-leading notice account -  23rd March 2017

Paragon Bank has entered the Best Buys with improved rates on its 120-day notice account and one-year fixed bond of up to 0.16%, subsequently earning a high Moneyfacts rating for each deal and seeing the notice account soar to the top of the charts. Read More...

Market-leading loan from Sainsbury’s Bank  -  23rd March 2017

Sainsbury's Bank has reduced the APR on selected loan tiers by up to 0.1%. This cut has improved the loan’s position in the Best Buys and earned it the highest Moneyfacts rating, with it becoming the joint lowest-priced deal for mid-tier borrowing. Read More...

OakNorth’s Excellent bonds -  23rd March 2017

OakNorth Bank has amended the rates on selected fixed term deposits by up to 0.20%, which has seen the 15 and 36-month deals retain positions in their sector's Best Buy chart, earning them a high rating in the process. Read More...

Rate rise on Bank of Cyprus business bonds -  22nd March 2017

Bank of Cyprus UK has increased rates by 0.15% across a selection of its business bonds. The one-year fixed Business Bond and FlexiBond subsequently maintain a position in the top 10 Best Buys of their sector. Read More...

Best Buy bonds hold top-6 position -  22nd March 2017

United Trust Bank may have reduced rates on a selection of fixed bonds by 0.15%, but despite this, both the one-year and two-year deal holds a place in the Best Buys and subsequently earn a high product rating. Read More...

News

State pension age could rise faster than expected

23rd March 2017 Two separate reports have been released today that show the state pension age could rise faster than expected, which means that, if you’re hoping for an early retirement, you’ll need to concentrate even more on building up your own pension pot. Read More...

On your SVR? You’re paying £2,600/year too much

22nd March 2017 Many of those coming to the end of a fixed mortgage term revert to their lender’s SVR, and in doing so pay thousands of pounds too much - you could find far better rates, and lower repayments, by comparing mortgages instead. Read More...

Moneyfacts Awards 2017 finalists announced

22nd March 2017 The Moneyfacts Awards, which will take place on 6 June at the Tower of London, are the highlight of the personal finance calendar. The finalists have been announced, so if you need a new financial product, these could be the providers to look for! Read More...

Stocks & shares ISAs see strongest returns in 7yrs

22nd March 2017 Cash savings rates aren’t great at the moment, so many savers are looking for alternative ways to boost their returns. For some, stocks and shares ISAs could be ideal, particularly as they’re currently delivering the best performance in years. Read More...

Savers get a better deal from building societies

21st March 2017 Following the news that inflation has risen to a 41-month high, it's more important than ever to make sure you’re getting the best savings rate possible, and heading to building societies could be one of the best ways to achieve that. Read More...

Only one savings account can beat inflation

21st March 2017 Inflation soared to 2.3% in February, which has had a devastating impact on savings returns - only one savings account now pays a rate that will match or beat it, so it's even more important to ensure your money is working as hard as possible. Read More...

Personal loan rates – a tale of two halves

21st March 2017 Personal loan rates have steadily fallen in recent years, but things are starting to shift - although rates for larger sums are still falling, they’re edging up for small loans, so it's vital to make sure you get the best personal loan rate possible. Read More...