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MoneySavingExpert News

August 2023

Banks and building societies will face fines if they fail to protect consumers' free access to cash under new powers being given to the financial regulator. 
18 August 2023
Rail fares in England WON'T go up by 9% next year, the Government has announced. While the new fares are yet to be confirmed, any increase would come into force in March 2024.
16 August 2023
NS&I will increase its Premium Bond prize-fund rate to 4.65% from 4% for its September 2023 draw and beyond, with an extra £66 million in prizes up for grabs. This latest increase – the eighth we've seen in just over a year – is to the highest rate since March 1999. The odds of winning will also increase from 22,000 to one to 21,000 to one.
15 August 2023
The Bank of England has increased the base rate from 5% to 5.25% – its highest level in over 15 years. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.
9 August 2023
Homeowners in England who used a Government scheme to get onto the property ladder are now struggling to get the vital paperwork they need to remortgage or sell because they can't get through to the helpline. MoneySavers say they've spent hours trying to contact the scheme's newly appointed administrator.  
1 August 2023

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