Category : Search result: Monzo savings interest rate


Major bank savings rates fail to beat inflation

Savers with Lloyds, Halifax, HSBC, NatWest and Santander are seeing their wealth eroded as interest rates lag behind CPI. Experts urge considering investments to protect long-term finances.

UK inflation drops to 3.2%, an 8-month low

UK inflation fell more than expected to 3.2% in November, driven by lower food prices. Discover what this means for your cost of living and future interest rates.

HMRC Christmas Bonus Tax Warning Issued

HMRC warns a Christmas work bonus could push you into a higher tax bracket. A £10,000 bonus risks 40% tax. Experts recommend 'bonus sacrifice' into your pension.

Sharp Rise in Welsh Unemployment to 6.1%

Unemployment in Wales has surged to 6.1%, affecting 94,000 people, while economic inactivity remains stubbornly high at 24.5%. Explore the latest ONS data and political reactions.

UK unemployment jumps above 5% as hiring slows

UK unemployment rises to 5.1% with 22,000 fewer payrolled workers in September. Wage growth cools as the Bank of England faces pressure to cut rates. Read the full analysis.

Urgent warning for UK savers ahead of rate cut

Finance experts urge UK savers to move their money as the Bank of England is tipped to cut the base rate from 4% to 3.75% this week. Find out how to protect your savings.

Millions Warned to Withdraw Cash Now

UK savers are urged to act as billions in interest is lost due to account inertia. Experts warn now is the time to move money for better rates.

HMRC Sends New Tax Codes to UK Households

HMRC is issuing revised tax codes midway through the 2025/26 tax year, impacting savers. Check your code now to avoid over or underpaying tax on your savings interest.

Young Brits miss £512 free cash from LISA scheme

Millions of 18-28 year olds are missing out on £512.77 in free government money by not using a Lifetime ISA. Discover how this simple savings trick could have earned young adults over £3.1bn.

Nationwide Cuts Mortgage Rates to 3.58%

Nationwide Building Society has cut selected fixed mortgage rates to as low as 3.58%, offering a Christmas boost for home buyers and movers. Read the full details and expert reaction here.

Monzo launches UK-first salary doubling prize

Monzo bank launches Double Payday, a UK-first initiative giving ten customers their salary doubled each month. Find out how to be eligible for the tax-free cash boost.

Pre-Christmas Rate Cut Likely as Mortgage Rates Fall

The Bank of England is expected to cut interest rates on December 18, with markets predicting a 90% chance. This has already triggered mortgage rate reductions from major lenders, offering hope to home buyers.

NS&I November rule change warning for savers

NS&I customers warned about Premium Bonds prize rate cuts as new British Savings Bonds launch with higher interest rates. Expert analysis reveals what this means for your savings.

Earn £135 with 7% UK savings accounts

UK households can earn up to £135 in free interest by switching to high-rate 7% regular savings accounts. Discover how to make your money work harder against inflation.

1 Million UK Households Now Paying 45% Tax Rate

Frozen tax thresholds have dragged over 720,000 more people into the 45% additional rate band, taking the total beyond one million. Discover how this 'stealth tax' impacts the economy.

Cash ISA Warning: Savers Lose to Inflation

UK savers with Cash ISAs are losing real money as inflation outpaces interest rates. Discover how to protect your savings and beat the 3.6% inflation rate.

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