Browsing: BANKING
An emergency fund is 3-6 months of essential living expenses held in an easy-access savings account accessible within 24-48 hours. It protects you against income shocks (redundancy, illness)
Introduced in April 2016, the Personal Savings Allowance changed how savings interest is taxed for most UK adults. Before that, banks deducted 20% tax at source. Now, interest is paid gross and most savers owe nothing on it — but with rates at current levels, a growing number are exceeding their all
Easy-Access vs Fixed-Rate Savings account types are legitimate — the question is which is right for which portion of your savings, given your actual financial life.
Match the savings account type to when you’ll need the money: easy-access for emergency funds and goals within 12 months; notice accounts for 1-2 year horizons; fixed-rate bonds for money you won’t touch for a defined period.
The UK banking industry is experiencing significant change due to customer demands. Customers today expect banks to meet these higher customer expectations with products and services.
Open Banking was introduced by the UK government in 2018 to encourage innovation and competition within banking services by permitting customers to share their financial data with third-party providers securely.
Online banking entails accessing your bank account and doing financial transactions via the internet via your smartphone, tablet, or computer.
The top five UK banks’ quarterly earnings reports provide valuable insights into the performance and trends in the banking industry. HSBC, Barclays, Lloyds, NatWest, and Standard Chartered all reported positive results in their recent earnings reports
Take control of your finances with our 10 proven tips for managing your bank account effectively. From budgeting to fraud protection, we’ve got you covered.
Starting a small business in the UK? Choose the right bank for your financial needs with our comprehensive guide to the top 5 UK banks for small businesses.