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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

Cash incentives return to current account sector

11th April 2019 Many current account providers have been cutting their switching incentives, perks and interest rates recently, but a slight boost in activity this week suggests that the tide could be turning, with two providers enhancing their cash offers. Read More...

Challenger banks increase competition

14th March 2019 Challenger banks have been making headlines this week, with RCI Bank revealing it’s just received its UK banking licence and OneSavings Bank announcing its planned merger with Charter Court... Read More...

Current account service quality drives switchers

07th March 2019 Customers searching for a new current account will find that there are now more ways to compare not just the best deals available, but also the service and quality of some of the biggest account providers on the market. Read More...

Bank switching incentives are back

14th January 2019 The start of a new year can herald a new beginning for people’s finances – and some consumers consider moving their current account in the process. Given that cash perks are returning to the banking sector, now could be a great time to do it! Read More...

High unarranged overdraft fees to be banned

18th December 2018 Banks will no longer be able to charge high fees for overdrafts under new plans announced by the financial regulator designed to make overdrafts simpler, fairer, and easier to manage. Read More...

What can you get from switching bank accounts?

25th October 2018 Latest figures show that current account customers are switching in their droves, which means providers have to work harder than ever to keep their loyal client base. But how many people are switching, and what can you get from doing so? Read More...

Six-month reduction in current account cash offers

24th October 2018 The latest data from Moneyfacts.co.uk has found that the current account market is becoming less rewarding, as many providers have chosen to cut their switching incentives and other cash rewards over the last six months. Read More...

Moneyfacts Star Ratings Personal Current Accts ‘19

01st October 2018 It’s once again time for the release of the yearly Moneyfacts Star Ratings for personal current accounts, showcasing those bank accounts that have proven themselves worthy. This could be a great place to start for those looking to switch accounts. Read More...

Technical problems affect banking confidence

07th August 2018 With some high-profile technical issues having dominated the banking news lately, it’s understandable that some consumers are feeling less confident in online banking. Indeed, 25% of customers say they’ve been affected by banking system failures. Read More...

10% of customers generate third of bank profits

28th June 2018 We’ve talked about the benefits of switching bank accounts many times before, but now data from the FCA shows just how much banks depend on you staying put; 10% of a bank’s customers are generating a third to half of all current account profits. Read More...


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