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Finance

NatWest is offering savers a 5% interest rate

The interest rate increased from 3.75 percent last week and as well as a high-interest rate offer, NatWest is also giving customers £175 if they switch current accounts to NatWest and make a deposit. The Royal Bank of Scotland (RBS), which is part of the NatWest group is also offering cash for switching. The offer […]

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Finance

Santander issues warning after surge in scam calls

The topics the scammers used to try and dupe people ranged from accounts being compromised or hacked and that passwords to the account need to be changed, that there was suspicious activity in the account and that money needed to be moved, and some calls had scammers threatening to close the account due to fraud […]

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Finance

Carer’s Allowance: How to check if you can claim £278 a month

Carer’s Allowance is a payment provided by the Department for Work and Pensions (DWP) available to those who provide unpaid care to others. Claimants could be able to get £69.70 a week, totalling around £278 per month or more than £3,000 per year. People may be eligible if they, the person they care for and […]

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Finance

Yorkshire Building Society launches two new savings accounts

People are able to open one of these new accounts in Yorkshire Building Society branches and agencies, and online. Chris Irwin, director of savings at Yorkshire Building Society, said: “We are proud to be playing a leading part in the first ever UK Savings Week this September. “While we know the rising cost of living […]

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Finance

Universal Credit rules are changing – impacting 120,000 people

In his “mini-budget” on Friday, Mr Kwarteng announced that part-time workers will have their Universal Credit reduced if they do not take “active steps” to earn more. Currently, those working up to nine hours a week at the national minimum wage are required to meet regularly with their job centre coach and take active steps […]

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Finance

Yorkshire Building Society offers ‘market-leading’ interest rate

Yorkshire Building Society’s three-year Fixed Rate ISA account was highlighted as a “Pick of the Week” by MoneyFacts.co.uk this week. The account’s interest rate is fixed at 3.5 percent until October 31, 2025 and the interest is calculated daily on the cleared balances. Interest is paid annually, with the next interest payment dates being October […]

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Finance

Inheritance tax rates on gifts reduce under the 7 year rule

Inheritance tax is a tax on the estate of someone who has died and an estate is classed as a person’s property, possessions and money. It is usually charged at 40 percent on anything above the nil-rate band allowance. The standard nil-rate band is £325,000 per person, however, there are a few different ways a […]

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Finance

Premium Bonds: How to claim your prize if you have won

There are currently 21 million people across the UK who hold Premium Bonds with total savings of around £118billion having been put into them. It was first introduced back in 1956, as a way to encourage Britons to save again following the end of the second world war. If a person saves £1 in Premium […]

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Finance

390,000 people to get 10.1 percent pay rise this week

The Living Wage Foundation said it was launching the annual increase two months earlier than planned due to the rising cost of living. The original announcement was set for November. People in London covered by the rate will see their hourly rate rise to £11.95 an hour, while those in the rest of the UK […]

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Finance

Council tax rebate deadline looms – how to claim

There is no timeline for when discretionary fund payments should start but the guidance that has been given to councils stated that they will need to spend the money by November 30, 2022 or return it to Central Government. How much each council received for their discretionary fund depended on multiple factors. Smaller areas, such […]