May 2020

New information uncovered by MoneySavingExpert.com indicates taking a payment holiday on your mortgage or other forms of credit could have an impact on future credit applications despite promises that credit scores won't be affected.

Update Fri 15 May: Since this story was first published, savings rates have shifted again. For the current top rates, see our Top Savings Accounts guide. Savings providers Marcus and Saga have today cut interest rates on their easy-access accounts for the second time in a month – and some existing customers should now consider switching.

One MoneySaver has told MoneySavingExpert.com how he bagged Saga car insurance for just £70 a year as part of a pricing error which affected hundreds of customers last week.

The Government's furlough scheme will be extended to the end of October, Chancellor Rishi Sunak has announced. The scheme was previously only set to run until 30 June.

Mobile phone operator O2 and broadband giant Virgin Media are planning to merge and create one of the UK's largest telecoms firms, their parent companies have announced. But the plans have yet to be approved and the merger likely won't take place until the middle of next year at the earliest, so if you're a customer with either firm there's no immediate impact.

Hundreds of people have told MoneySavingExpert.com that they have been rejected by HM Revenue & Customs' eligibility tool for the Self-Employment Income Support Scheme (SEISS), despite believing they fit the eligibility criteria.

The Government's furlough scheme now funds the pay of almost a quarter of UK employees, new figures show.

Investors who lost £1,000s with the collapsed bond firm London Capital & Finance (LCF) will start hearing whether they're eligible for compensation for claims relating to 'misleading advice' later this month.  

NatWest's app-only bank account Bó is to shut down – less than six months after it launched.

Insurer LV is giving its customers with car and motorbike policies the chance to claim a refund of between £20 and £50. But unlike Admiral's recent flat-rate refund to customers, you'll only be eligible for money back from LV if you've been financially affected by coronavirus in specific ways.