moneysaving

The Royal Mint has begun the countdown to the 50th anniversary of ‘D-day’. Not the World War II beach landing, that was in 1944, but ‘decimalisation day’. On 15 February 1971, UK coinage was reorganised into the way we know today, with the old system of 12 pence in a shilling and 20 pence in … Read more The five rarest 50p coins revealed including Kew Gardens and Olympics ones

The Royal Mint has begun the countdown to the 50th anniversary of ‘D-day’. Not the World War II beach landing, that was in 1944, but ‘decimalisation day’. On 15 February 1971, UK coinage was reorganised into the way we know today, with the old system of 12 pence in a shilling and 20 pence in … Read more The five rarest 50p coins revealed including Kew Gardens and Olympics ones

Santander makes THIRD interest rate cut to its 123 current account in a year with customers soon receiving just 0.3% on balances up to £20,000 This time last year the account paid 1.5% on up to £20,000 and cashback on bills  Cashback was capped at £15 a month in May and the rate has been … Read more Santander cuts interest rate on its 123 current account again

Thousands of UK expats living in Europe face having to revamp their finances in the aftermath of Brexit as British banks close their current accounts and European ones hike the cost of sending money overseas. Customers of some of Britain’s biggest banks including Barclays, Lloyds and Nationwide Building Society living in Belgium, Italy, the Netherlands … Read more European banks hike international payment fees for British expats

Thousands of UK expats living in Europe face having to revamp their finances in the aftermath of Brexit as British banks close their current accounts and European ones hike the cost of sending money overseas. Customers of some of Britain’s biggest banks including Barclays, Lloyds and Nationwide Building Society living in Belgium, Italy, the Netherlands … Read more European banks hike international payment fees for British expats

The amount of money withdrawn over the Post Office counter last month was the highest it had been in all of 2020, but cash usage continues to lag pre-coronavirus levels. Around £641million was withdrawn by individuals in December, the most since £634million was withdrawn in March, while personal and business withdrawals totalled £664million, data from … Read more Business deposits at the Post Office fall 27.4% in December

Jade Hilder saved up £1,000 into an emergency fund after worrying about whether she could financially support her family Tesco employee Jade Hilder credited going ‘fully Monzo’ and joining the popular ‘Monzo Savings Squad’ Facebook group for helping her develop a savings habit, having previously had ‘no idea about money’ and spent money she didn’t … Read more Year in Monzo: Bank’s customers reveal how they’ve saved money

Britain’s shift into a nation of accidental savers will continue during the third national lockdown, experts predict, as people who can continue to salt away money they aren’t spending. But a steep rise in unemployment thanks to the coronavirus pandemic – and the ebbing away of the novelty factor of money saved on commuting and … Read more Britain predicted to keep saving record sums during the third lockdown

Savers withdrew a staggering £6.2bn from NS&I accounts in November after rate cuts… as January’s Premium Bonds winners are named UK households saved more with banks and building societies during the month  They put £17.6bn in cash accounts, up 38% from £12.7bn saved in October A woman from West Scotland and a woman in Barnet … Read more Savers withdrew staggering £6.2bn from NS&I accounts in November

Fear of more bank branch closures as lockdown lessens use of cash Nearly a third of consumers have stopped using cash since the initial lockdown  Some 28% said they have stopped using cash machines altogether  By Jeff Prestridge for The Mail on Sunday Published: 22:21 GMT, 2 January 2021 | Updated: 09:26 GMT, 3 January … Read more Fear of bank closures as lockdown lessens use of cash