Latest News from Money Expert

Virgin Money suspended the credit cards of 32,000 customers without warning this week, a move which potentially violates the banking sector’s commitments to consumers during the coronavirus crisis. ...

Interest on Santander’s once market-leading 123 current account will fall again this year, to just 0.6%, in another blow for savers. At the beginning of the year, the popular 123 account paid 1.5%...

LV= will allow car and motorbike insurance customers to claim refunds of between £20 and £50—but only if they’ve been economically impacted by the coronavirus pandemic in specific ways. The insurer...

After introducing relief measures for credit cards, loans and car finance products, the Financial Conduct Authority is proposing assistance for insurance customers struggling to stay on top of their...

One of the largest entertainment and telecoms firms in the UK could be formed as a result of a potential merger between broadband provider Virgin Media and mobile operator O2. A major rival to BT...

Banks could do more to protect and compensate victims of fraud, particularly their most vulnerable customers, the Lending Standards Board (LSB) has found. Last May, nine high street banks and...

Digital challenger Monzo attracted the most current account switchers in the last quarter of 2019, according to the most recent figures from Pay.UK. While the app-based has frequently been the second...

The coronavirus has changed the world with many people experiencing job losses and/or significantly reduced income. This means keeping up with rent and bills can be a cause for concern. If you’re...

Savers have just days to lock in a 5% interest rate on Nationwide’s FlexDirect current account. The building society will slash the rate to just 2% on Friday, 1 May. As savings rates have eroded...

Social distancing measures have prompted millions to download their bank’s app for the first time. Between 14 March and 14 April, 200,000 people downloaded their bank’s app each day, according to...