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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.

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£17 for milk? Kids overestimate cost of living

25th May 2018 As children grow, they are gradually taught the skills and knowledge they will need to thrive as adults. Unfortunately, eight to 15-year-olds don’t seem to hold very realistic ideas of how much things cost, with a pint of milk estimated at £17. Read More...

Top tips for a bank holiday clean-up

25th May 2018 Bank holidays offer a great opportunity not just to unwind, but also to tackle some essential household tasks. While many may be attempting some DIY or decluttering in the next few days, you shouldn’t forget about your finances. Read More...

Savers hitting ‘peak stuff’

24th May 2018 New research suggests that savers are starting to prioritise experiences over material goods, with 74% focused on setting money aside to be able to make memories. Many believe their homes are already too full of physical products to need any more. Read More...

Top 6 inflation-beating fixed rate bonds

24th May 2018 With inflation down again in April, it's finally possible to bring back this old favourite top six, as there are now even some four-year fixed bonds that can beat the inflation rate of 2.4%. Read More...

Inflation falls again

23rd May 2018 For the second month in a row, inflation has seen a fall, this time from 2.5% in March to 2.4% in April. This means that even more savings accounts can now once again beat inflation, especially if you take a look at the long-term fixed bonds. Read More...

Over-65s expected to owe £86bn this year

23rd May 2018 Brits aged over 65 are expected to amass a record total of £86 billion in debt by the end of this year, new research has revealed. This marks an increase of £8 billion from last year’s £78 billion total. Read More...

52% reluctant to ask credit card provider for help

22nd May 2018 Falling into debt is never a fun experience, but it can only get worse if you try to ignore it or refuse to seek help. Despite the benefits, however, 52% of Brits feel there is a stigma attached to asking their credit card provider for help. Read More...

Mobile banking becoming the norm

21st May 2018 With increasingly regular reports of bank branches closing, it may seem like customers are being left in the lurch. However, around 60% of current account holders are forecast to be using mobile banking, which means branches may be less crucial. Read More...

Cashback mortgage deals given a boost

21st May 2018 When looking for the right mortgage deal, there are many things to consider. One thing that can really make a product stand out from the crowd is free cash – and our latest data shows that more providers are now offering cashback than last year. Read More...

Interest-only mortgages halve in six years

21st May 2018 The number of homeowners with interest-only mortgages has almost halved in the past six years, after lenders stepped up their efforts to raise awareness of the controversial loans. Read More...


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