New report shows 80% of 85 to 95-year-olds paid with contactless in 2023 93% of in-store card payments up to £100 were made with contactless in 2023 By Helen Kirrane Updated: 00:01 GMT, 27 February 2024 More over-65s than ever before are using contactless for payments, data suggests. Today, 80 per cent of 85 to 95-year-olds pay … Read more
What makes someone good at managing their money? Sure, it involves keeping a budget, understanding how finance works and knowing how to make it. But a growing number of financial experts believe that’s only half the battle. Understanding what is known as your ‘money personality’ is just as important – and yet it is often … Read more
The Bank of England held the base rate again at 5.25 per cent last week, sticking at the level it has been at since August last year. But while the Bank’s benchmark rate hasn’t budged, savings and mortgage rates have dropped substantially in recent months as markets anticipate base rate cuts later this year. This … Read more
1 in 4 UK adults have less than £500 in savings Only 1 in 3 believe they will feel the benefit of interest rates falling The majority feel the UK economy is ‘working against them’ By Helen Kirrane Updated: 00:01 GMT, 1 February 2024 One in four adults currently have less than £500 in savings … Read more
Around 23m people have Premium Bonds from NS&I Biggest myths range from old bonds being unlucky to Ernie not being random We look at whether there is any truth behind the myths By Helen Kirrane Updated: 03:00 GMT, 31 January 2024 Over the decades, many myths have emerged around the Premium Bonds prize draw. Around … Read more
Savers can spread Isa allowance across multiple banks with HL They will also be able to split the £20,000 allowance between banks By Helen Kirrane Updated: 09:39 GMT, 30 January 2024 Products featured in this article are independently selected by This is Money’s specialist journalists. If you open an account using links which have an … Read more
People today have £10,200 less spending money than they would have if pre-2010 disposable income trends had continued in the UK, new research shows. People are out of pocket in 56 of the UK’s 63 largest towns and cities, the research by Centre for Cities revealed. Residents of Aberdeen are the worst off on average, … Read more
By Patrick Tooher Updated: 17:52 GMT, 15 January 2024 Virgin Money has become the latest bank to scrap popular passbook savings accounts as banks continue to shut branches. The owner of the Clydesdale and Yorkshire Bank brands is set to tell around 100,000 account holders that they will no longer be able to use their … Read more
By Toby Walne Updated: 22:01 GMT, 13 January 2024 One in four people with cash savings is now putting money into fixed rate accounts, according to new research by Investec. The wealth manager has found that 11 million savers moved money into fixed savings over the past year, due to an expectation the Bank of … Read more
Savers saw a swathe of cuts in the fixed-rate bonds on offer last month — the largest month-on-month fall in 15 years. So it may surprise you to hear me say that savers rang in the New Year in better shape than they have in three years. That is because, due to the falling cost … Read more
