MoneySavingExpert News

Interest

Martin Lewis: My mortgage conversation with the Chancellor – and why banks should come to the public's aid

In an urgent private meeting on mortgages with Chancellor Jeremy Hunt, and in a separate conversation with Shadow Chancellor Rachel Reeves, MoneySavingExpert.com founder Martin Lewis has stressed the need for proper forbearance measures for struggling mortgage holders, and the need for banks not to ramp up their profit margins.

21 June 2023

Iceland now offers interest-free loans if you're struggling with the cost of living - but be careful as they will impact your credit score

Iceland has begun offering interest-free loans of up to £100 to those struggling with the cost of living, with the money to be used on your Iceland shop. But - as with any borrowing for everyday living expenses - be careful as you may get stuck in a cycle of debt.

19 August 2022

Tesco Bank to scrap current account interest

Tesco Bank customers will no longer earn interest on their current accounts from September

9 July 2020

Ditch Club Lloyds & Bank of Scotland Vantage – they're cutting interest in October

Lloyds and Bank of Scotland are cutting the interest paid on balances of up to £4,000 on their Club Lloyds and Vantage accounts

8 July 2019

Martin: 'After 10 years there's finally an end to unfair bank charges'

Fixed daily overdraft fees will be banned and replaced with a single interest rate next April, the financial regulator has announced

7 June 2019

Price cap proposed for rent-to-own firms to protect vulnerable consumers

The financial regulator has proposed a new price cap on rent-to-own firms to come into place next spring, meaning consumers can't be charged more in interest than they paid for the product

22 November 2018

Lloyds and Bank of Scotland to cut interest on two top current accounts

The rates will drop from July, and Halifax is also increasing the fee on its packaged bank account.

16 April 2018

Some tracker mortgage rate rises to hit TODAY

Some banks will begin raising mortgage rates immediately, in the wake of the interest rate rise

2 November 2017

UK inflation hits five-year high – what it means for you

The UK's key inflation rate hit 3% in September, the highest it's been since March 2012

17 October 2017

Labour pledge to cap credit card interest a 'positive step', says MSE's Martin Lewis

MSE founder Martin Lewis has welcomed Labour's pledge to cap credit card interest

25 September 2017