Latest News from Money Expert

Marcus is cutting the interest paid on its popular online savings account for the fifth time this year, to just 0.5% AER, in another blow to savers.Marcus, the digital consumer banking arm of Goldman...

The City regulator has confirmed the terms under which loan and credit card customers can get a six-month reprieve from payments if they’ve been financially impacted by the coronavirus crisis.The...

HSBC and subsidiary First Direct have slashed the interest rate it pays on its regular savings account from 2.75% to 1% for new customers.Regular savers are available to those who already have a...

Lenders will extend mortgage payment holidays until 31 July 2021 for homeowners who have been financially impacted by the coronavirus crisis, the Financial Conduct Authority has confirmed.The City...

Home-buyers are being hit with a triple whammy of high interest rates, high fees and a dearth of cashback offers on mortgages.Average interest rates for fixed mortgage deals across all loan to value...

The City regulator has scrapped plans to require banks to have a single easy access rate (SEAR) for savings accounts, amid the upheaval of the coronavirus pandemic.Under proposals from the Financial...

The UK economy is showing signs of slowing down despite rebounding out of recession from July to September.The Office for National Statistics (ONS) said that the 15.5% growth from July to September...

Barclaycard customers could see their minimum payments rise by as much as a third from January, as Barclays overhauls the terms on its credit cards.The credit card provider has announced new terms and...

Low- and middle-income households are turning to emergency loans to make ends meet during the coronavirus jobs crisis, debt charity Stepchange has warned.The charity’s new report, Tackling the...

The Association of British Insurers (ABI) has rubbished claims that making unnecessary journeys via car during the lockdown will invalidate your auto insurance.The trade body was responding to claims...