Latest News from Money Expert

Customers trying to withdraw savings from their NS&I accounts ahead of massive interest rate cuts next month are reporting tech glitches on the bank’s website and lengthy waits to speak to...

Homebuyers and remortgagers with a 10% deposit or equity will struggle to qualify for a mortgage, as all but one 90% LTV deals have vanished from the market.Lenders have yanked nearly all...

TSB will close around a third of its high street branches in response to a “significant shift in customer behaviour” during the coronavirus pandemic.164 TSB locations will shut next year, in addition...

Britons borrowed more on credit cards, loans and overdrafts last month while saving less, suggesting the coronavirus crisis is tightening its grip on household finances.The recent findings reversed...

Investment bank Goldman Sachs’ Marcus easy-access savings account, so popular during the lockdown savings bonanza it had to suspend deposits for a time, will slash its interest rate next month.From...

Chancellor Rishi Sunak has outlined plans for the government to cover 22% of pay for ‘viable’ workers for six months when the current furlough scheme comes to a close at the end of October.Sunak said...

Bucking trends that have slashed savings rates close to zero, NatWest and RBS have launched a new regular saver paying a market-leading 3% interest.Natwest and RBS's Digital Regular Saver pays...

Smartphones are more expansive than ever, but more than three-quarters (76%) of Brits don’t have theirs insured, gadget insurance specialists Insure2Go has revealed.Even among the quarter of Brits...

TSB will stop paying interest on its Classic Plus current account from December, and from yesterday has closed the account to new customers.Just 18 months ago, the Classic Plus account paid 5%...

National Savings & Investment (NS&I) is wielding the scythe, making dramatic cuts to the interest rates it pays on its market-leading savings accounts and bonds.As other savings rates,...