Product News

RCI improves easy access savings rate -  19th October 2018

RCI Bank UK has increased the rate on its easy access account by 0.07%, which improves its position in the Best Buy chart for its sector, also earning it a high Moneyfacts rating. Read More...

Moneyfacts Weekly Product News - 18/10/2018 -  18th October 2018

The Moneyfacts Weekly Product News is a round-up of the latest products or rate changes to hit the consumer finance market over the past seven days. Read More...

Moneyfacts Weekly Product News - 12/10/2018 -  12th October 2018

The Moneyfacts Weekly Product News is a round-up of the latest products or rate changes to hit the consumer finance market over the past seven days. The deals are available right now, but may be subject to change. Read More...

Close Brothers’ long-term bond enters top 3 -  8th October 2018

Close Brothers Savings has increased the rate on its five-year bond by 0.05%, which sees it enter the top three in the long-term bond chart and earn a high Moneyfacts rating. Read More...

Aldermore’s fixed rate cash ISAs near top -  5th October 2018

Aldermore has increased selected cash ISA rates, which sees its one- and two-year deals sit just behind their respective market-leaders in the Best Buys, while its three-year ISA now pays the top rate for its term. All earn a high rating as a result. Read More...

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News

Average mortgage fee reaches five-year high

Average mortgage fee reaches five-year high

22nd October 2018 While mortgage rates have stayed remarkably low given the recent base rate rise, lenders appear to be offsetting this by upping mortgage fees. Indeed, the latest figures show that the average mortgage fee has risen by £15 since August to £1,005. Read More...
£1bn equity release milestone reached

£1bn equity release milestone reached

19th October 2018 For the first time, more than £1bn has been unlocked through equity release in a single quarter. This is according to the latest statistics from the Equity Release Council, which found that a total of £1.02bn was released in the Q3 of 2018. Read More...
Drop in 0% balance transfer competition

Drop in 0% balance transfer competition

18th October 2018 Interest-free credit cards have long been a way to help borrowers spread the cost of purchases or clear debt they’ve accumulated elsewhere, but unfortunately, competition in this sector has taken a definite downturn in recent months. Read More...
Top 6 inflation-beating fixed rate bonds

Top 6 inflation-beating fixed rate bonds

18th October 2018 With CPI seeing a welcome drop to 2.4% in September, savers will find that even some four-year fixed rate bonds can beat it again. While you’ll still have to lock your money away, there are now more options for doing so. Read More...
Inflation falls to 2.4% – and 20 accounts beat it!

Inflation falls to 2.4% – and 20 accounts beat it!

17th October 2018 This morning the ONS announced that inflation fell to 2.4% in September, down from 2.7% in August. Not only does this mean that the cost of living has edged down, but also that more savings accounts are now able to beat it! Read More...
Record number of savings rate rises

Record number of savings rate rises

17th October 2018 Savings rate increases have now outweighed cuts for a whopping 20 months in a row, the latest data from Moneyfacts.co.uk reveals, with September seeing the largest number of savings rate rises since our records began. Read More...
How saving online could leave you richer

How saving online could leave you richer

16th October 2018 The internet has become so central to modern life that many people can’t think of functioning without it, but many savers still prefer to bank with a high street name than head online - yet doing so could leave them hundreds of pounds worse off. Read More...