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3 days ago | 
moneyfactscompare.co.uk | Rhiannon Philps |James Brooks
The latest bank to launch a current account switch incentive, NatWest is offering £175 in cash to eligible customers. Competition in the current account switching market is hotting up after NatWest and its sister brand, Royal Bank of Scotland (RBS), launched a new switching bonus yesterday (24 June).
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4 days ago | 
moneyfactscompare.co.uk | Rhiannon Philps |James Brooks
A record high number of buy-to-let mortgage deals coupled with lower interest rates is encouraging for landlords. Current and prospective landlords have more buy-to-let mortgage deals to choose from, as the number of fixed and variable deals on the market rose from 3,926 at the start of May to 4,144 at the start of June, according to the most recent analysis by Moneyfactscompare.co.uk.
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1 week ago | 
moneyfactscompare.co.uk | Rhiannon Philps |James Brooks
But savvy borrowers could avoid higher costs by taking advantage of longer interest-free periods. Using a credit card for your spending has become more expensive as the average purchase annual percentage rate (APR), which includes the cost of interest and any card fees, rose to 35.7% APR in June 2025. This is the highest this figure has been since at least June 2006 when Moneyfacts’ records began, according to data from the most recent Moneyfacts UK Unsecured Lending Trends Treasury Report.
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3 weeks ago | 
moneyfactscompare.co.uk | Rhiannon Philps |James Brooks
At a glance
Individuals have a range of allowances that allow them to gift a certain amount tax-free each year. Inheritance Tax (IHT) may need to be paid if the donor dies within seven years of making a gift. It may be worth seeking professional advice if you’re unsure about the tax implications of gifting cash or other assets.
Many people want to gift cash to their loved ones, whether that’s to help pay for a house deposit, a wedding or university fees, for example.
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3 weeks ago | 
moneyfactscompare.co.uk | Rhiannon Philps |James Brooks
Mutual lenders offer lower-than-average interest rates and innovative deals to help new buyers get on the property ladder. While mortgage rates have been on a downwards trend in recent months, it continues to be a challenging market for those looking to take their first steps into homeownership.
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4 weeks ago | 
moneyfactscompare.co.uk | Rhiannon Philps |James Brooks
The high street bank is offering a competitive cash incentive to switchers. Those wanting to switch their bank account now have another cash offer to consider after Santander launched a new incentive yesterday (29 May). The high street bank is offering a £180 cash bonus to anyone who switches to an eligible account (online or in branch) using the Current Account Switch Service (CASS). However, this offer may be withdrawn at any time.
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1 month ago | 
moneyfactscompare.co.uk | Rhiannon Philps |James Brooks
All average fixed savings and ISA rates fell month-on-month for the first time in six months. Nearly all average savings and ISA rates fell in the month to May, with only the average easy access savings rate bucking the trend and seeing a slight uptick. This is according to the latest Moneyfacts UK Savings Trends Treasury Report which analyses data from the savings market each month.
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1 month ago | 
moneyfactscompare.co.uk | Rhiannon Philps |James Brooks
At a glance
Credit unions are not-for-profit organisations, run by and for their members. To join a credit union, you typically need to have a “common bond” with other members, such as location or employment. Credit unions can offer savings accounts, loans and other financial services.
What are credit unions? Credit unions are a not-for-profit, financial co-operative.
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1 month ago | 
moneyfactscompare.co.uk | Leanne Macardle |James Brooks
At a glance
Child Trust Funds were launched in 2005 as a way to encourage saving towards a child’s future. Over six million accounts were opened before they were replaced by Junior ISAs in 2011. Once the child turns 18 they’ll be able to access their savings, and they have several options on what to do with the money.
What is a Child Trust Fund? Child Trust Funds (CTFs) were a Government initiative to encourage parents and guardians to save towards their children’s future.
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1 month ago | 
moneyfactscompare.co.uk | Leanne Macardle |James Brooks
At a glance
Saving for your child’s future can be as simple as setting aside a few pounds a month, and there are plenty of account options to consider. You could help them get into the savings habit with a piggy bank, and could use things like Junior ISAs and children’s savings accounts for more serious levels of saving.
