Category : Finance Banking


UK Inflation Falls to 3.0%, Boosting Rate Cut Hopes

UK inflation dropped to 3.0% in January, its lowest level in nearly a year, driven by falling petrol and food prices. This decline strengthens expectations for a Bank of England interest rate cut in March.

Credit Card Rates Hit 20-Year High at 35.8%

The average credit card purchase APR has surged to 35.8%, the highest level in two decades, with experts warning about rising debt and advising consumers to monitor spending closely.

NatWest Offers £150 Payments to New Banking Customers

NatWest has launched a new cash-switching offer, providing free £150 payments to new customers who move their accounts. The deal includes access to a high-interest savings account and requires a minimum deposit.

NatWest £150 Bonus & 7% Savings for New Customers

NatWest is providing a £150 cash incentive and a competitive 7.00% AER savings rate to customers who switch to its Select or Reward accounts, with funds deposited within 30 days of meeting conditions.

Unemployment Hits 5.2%, Boosting Rate Cut Chances

UK unemployment reaches 5.2%, the highest since 2021, with falling payrolls and slowing wage growth increasing likelihood of a base rate reduction next month, as major lenders already begin trimming mortgage rates.

AI Bill Checker Pays Users to Find Savings on Bills

An AI-powered tool called Nous scans household bills for cheaper deals on energy, broadband, and insurance, offering users a £5 reward just for checking. It estimates potential savings and provides a free service with optional premium features.

Lloyds Bank Closes 95 Branches, Customers Worried

Lloyds Bank is closing 95 branches nationwide, including in Bournemouth, Wareham, Lymington, and Ringwood, leaving many customers, especially the elderly, dismayed over reduced access to in-person banking services.

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