Premium Bonds Prize Fund Rate Cut by NS&I
National Savings and Investments has reduced the Premium Bonds prize fund rate from 3.6% to 3.3% and lowered winning odds, prompting savers to reassess their financial strategies.
National Savings and Investments has reduced the Premium Bonds prize fund rate from 3.6% to 3.3% and lowered winning odds, prompting savers to reassess their financial strategies.
Atom Bank, a major UK digital challenger bank, is in early-stage talks for a potential sale, which could impact its 250,000 customers and end its plans for a stock market floatation.
A former MP and DWP committee member warns that demographic pressures and rising welfare costs could make the state pension unsustainable, urging younger workers to plan accordingly.
A significant HMRC rule change effective April 6 allows UK workers to claim reimbursements for eye tests, home working equipment, and flu vaccinations without income tax or National Insurance deductions, simplifying tax reporting.
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RecommendedSantander has introduced a competitive new ISA account featuring a 4.5% interest rate, offering customers a £450 bonus on £10,000 deposits and vouchers worth up to £400 for larger investments.
State pensioners with incomes over £35,000 will see tax code adjustments from HMRC to reclaim Winter Fuel Payments, with deductions of around £17 monthly starting in 2026/27.
Santander bank has launched a new cashback initiative for customers in Birmingham, offering 2% back on home insurance premiums for eligible account holders as part of a 'give something back' campaign.
Sky has reintroduced its lowest prices on full fibre broadband plans, offering cheaper monthly rates than BT's three-month free promotion, potentially saving households hundreds of pounds annually.
Barclays has issued a stark warning to customers about fraudulent 'free money' offers circulating on social media, urging vigilance against too-good-to-be-true claims.
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RecommendedOne million pensioners face repaying Winter Fuel Payments as HMRC and DWP enforce means-testing, targeting retirees with incomes over £35,000.
Financial analysts warn that mortgage rates will stay high for some time, even as a ceasefire eases market tensions. Average fixed rates have surged, impacting housing prices and borrower confidence.
Lloyds Banking Group is issuing goodwill payments of up to £50 to thousands of customers in Birmingham after a technical error exposed transaction data. The incident highlights digital banking security concerns.
British Gas Energy Trust launches Individuals and Families Fund, providing grants up to £1,700 to help prepayment meter customers clear energy debt, with eligibility extending to non-customers.
National Savings and Investments has introduced Issue 8 of its Green Savings Bonds, offering a fixed interest rate of 3.82% gross/AER over three years to support UK green projects.
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RecommendedOVO Energy has relaunched its OVO Beyond rewards programme as data reveals customers lost over £640 due to financial missteps. The scheme offers discounts, free energy, and exclusive perks.
Santander UK launches competitive fixed-rate ISAs with 4.5% AER and bonus e-vouchers for customers transferring £10,000+ from other providers.
A new HMRC rule change to the tax-free Personal Allowance allocation will cost some UK taxpayers up to £182 per year, primarily affecting investors and landlords.
NS&I has adjusted Premium Bonds rules, reducing the prize fund rate and odds per bond. Financial experts explain the implications for savers and when these bonds remain a viable option.
Birmingham City recorded a pre-tax loss of £34.6 million during their League One title-winning season, with finance expert Kieran Maguire explaining how a sale of the women's team helps compliance.
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RecommendedPersonal finance expert Martin Lewis explains how UK households earning under £18,570 can make all savings interest tax-free through combined allowances.
HMRC confirms the tax-free Personal Allowance stays at £12,570 for the upcoming tax year, with thresholds frozen until 2031, impacting household finances through fiscal drag.
HMRC has announced the tax-free Personal Savings Allowance for the 2026/27 tax year, detailing how individuals can earn interest on savings without paying tax based on their income tax band.
Santander has introduced a new global brand initiative called 'Imperfect Beginnings' aimed at its 13 million UK customers, focusing on supporting life's uncertain first steps through real-life storytelling and multi-channel marketing.
The UK's tax-free Personal Allowance can rise to £20,070 by using the Rent-a-Room Scheme, as income tax thresholds remain frozen until 2028, creating fiscal drag for households.
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RecommendedHalifax confirms 28 branch closures in May and June 2026 as part of Lloyds Banking Group's wider restructuring, affecting locations from London to Nottingham.
New HMRC inheritance tax rules targeting inherited farms and family businesses valued at £2.5 million or more have taken effect, with accountants warning of significant challenges for asset-rich but cash-poor operations.
British Gas has released a YouTube video addressing how the Iran war could impact UK energy bills, with potential price rises in July and advice on saving money.
Consumer experts issue a stark warning that mobile phone users paying more than £8 per month are probably being ripped off, with data revealing most people use far less than they pay for.
The marriage allowance allows couples to increase their tax-free personal allowance to £13,830, potentially saving £252 annually. Eligible households can backdate claims for four years.
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RecommendedThe Lloyds Bank branch at New Street and Corporation Street will close for two months from May 1, leaving only two of the four prominent corner units operational.