MoneySavingExpert News

August

Tesco Bank switches delayed as it struggles with demand after revealing plans to close its 213,000 current accounts

Tesco Bank is temporarily declining requests from some existing customers to switch their current account to a new provider. The supermarket giant says it's struggling after being inundated with requests to switch following its announcement last month to close all of its 213,000 current accounts by 30 November 2021.

10 August 2021

Groupon threatened with court action after refusing cash refunds

Deals website Groupon faces court action unless it improves how it treats its customers, the Competition and Markets Authority (CMA) has said.

9 August 2021

Mortgage rates hit record low AGAIN as Halifax launches 0.83% two-year fix – how to find the best deal for you

Halifax has launched a two-year fixed mortgage with a record low interest rate of 0.83%. It comes amid a mortgage rate war with five-year fixes also dropping below 1% for the first time EVER last month. It's yet another reminder to check whether you could save £1,000s on your own mortgage now.

9 August 2021

Energy bills set to rocket for millions as price cap is hiked by £139/yr to its highest-ever level – but many can save £240/yr by switching

Energy bills will rise by a typical £139/year for 11 million households in October, as regulator Ofgem revealed the new price cap level this morning – but most can beat the hikes by switching supplier.

6 August 2021

France travel restrictions eased in latest 'traffic light' system shake-up – fully vaccinated holidaymakers WON'T have to quarantine on their return

France is to be moved back on to the Government's standard 'amber' list from Sunday for travellers returning to England. The change means holidaymakers who are fully vaccinated or under 18 will not have to self-isolate on their return.

5 August 2021

Provident to limit loan mis-selling payouts for up to four million customers under new redress scheme – what it means for you

Anyone with a current or future guarantor, doorstep or payday loan mis-selling claim against Provident, Glo, Greenwood or Satsuma, some of the sectors' biggest lenders, likely won't now get the full amount they're owed.

4 August 2021

More English counties to get ultrafast broadband upgrades – is your area on the list?

Over a million more homes and businesses in England are set to get ultrafast broadband connectivity as part of a £5 billion upgrade – though work on the project won't start until next year at the earliest.

2 August 2021