Latest News from Money Expert

NatWest has cut the interest rates it pays on its full range of saving products, in response to the Bank of England reducing the base rate to historic lows in March.The bank explained that it had held...

A third (34%) of Brits have turned to overdrafts, credit cards, payday loans and “buy now pay later” (BNPL) schemes to pay for essentials, according to a new report from OpenMoney.The financial...

Car insurers are passing the savings they made during lockdown onto motorists in the form of lower premiums.The Association of British Insurers’ (ABI) latest Motor Insurance Premium Tracker found that...

Lloyds Banking Group has become the latest large employer in the UK to review its use of office space as a result of the move towards homeworking due to the COVID-19 lockdown.Chief executive, António...

Sainsbury’s Bank has tightened its lending criteria and will no longer issue new credit cards or loans to self-employed people.The supermarket’s bank said it has made “temporary updates” to its...

Two of the UK’s major banks have registered massive losses for the second quarter, after setting aside billions to cover bad debts resulting from the coronavirus crisis.Lloyds Banking Group, the...

Virgin Money is launching a basic bank account with a wealth of features, which it hopes will help the financially excluded access the benefits of banking.The new M account may be marketed as a basic...

HSBC is toughening mortgage lending criteria and will no longer count income from furloughed staff who have no fixed return to work date or whose return is more than three months away, the bank...

The Lloyds Banking Group will cut interest rates on two of its current accounts from October, following a trend that’s costing savers across the market.If you hold a Club Lloyds account with Lloyds or...

Natwest Closes Accounts of Small Businesses After They Applied for Coronavirus LoansSome small business customers have accused NatWest of closing their accounts after they made an application for a...