Balance transfer bounce back continues: Banks boost 0% terms after credit card availability hit an all-time low There are now 59 balance transfer deals and 56 purchase deals available Although below pre-pandemic levels these are more than were around in 2020 Banks have increased their interest-free term lengths since the start of the year This … Read more
Banks have brought back or boosted balance transfer deals over the last month as they loosen the lending taps, but borrowers looking to clear their debts still have less choice than ever before. MBNA, Sainsbury’s Bank and Virgin Money all lengthened the interest-free terms on some of their cards, while the supermarket lender also reopened … Read more
Danish homeowners are offered ZERO-interest fixed mortgages for 20 years The fixed-rate loans are on offer from Danish branch of a Helsinki-based bank Other lenders including Denmark’s largest bank are eyeing up similar offers Denmark’s central bank has had a negative benchmark rate for over eight years By Tim Stickings For Mailonline Published: 15:09 GMT, … Read more
Borrowers relying on £500 overdraft buffers will be stung when they vanish as Bank of England finds rates for going into the red are at a record high Overdraft rates have more than doubled since March to 22.52% Banks were required to lower customers’ borrowing costs for 3 months Regulators gave them the green light … Read more
Despite the coronavirus pandemic throwing cold water on fresher’s week and an A-level results day fiasco which initially saw close to 40 per cent of grades marked down, thousands of students are set to start university next month. And even if close to 20,000 students will defer their entry until next September, many will still … Read more
Is this the beginning of a credit card squeeze? Number of 0% and balance transfer deals collapse in the wake of coronavirus There are now 55 purchase and 56 balance transfer deals available This is down from 61 and 66 last month – which were already record lows Banks are pulling credit card offers as … Read more
The cost of childcare can be a stressful ‘how much?’ moment for many parents. Families can part with almost £7,000 a year for a part-time nursery place, or more than £12,000 for a full-time spot, for a two-year-old, according to charity Coram Family and Childcare. A new childcare employee benefit scheme, Catapillr, has now launched … Read more
Barclays announces £750 interest-free buffers for anyone with a pre-agreed overdraft from May 1 until July 9 to help borrowers suffering in Covid-19 crisis Customers with pre-agreed overdraft limits will benefit from the new deal The interest free option applies to the first £750 of the agreed overdraft limit A temporary interest rate of 19.51% … Read more
Banks will increasingly tighten lending criteria over the next three months, approvals for credit cards and loans will fall and interest-free term lengths will shrink, banking giants and building societies predict. The Bank of England’s latest credit conditions survey revealed lenders by a large margin believe the availability of unsecured credit for households will decrease … Read more
Some of the best interest-free credit card offers around have been cut or removed from sale over the last month, as lenders evaluate their offers amid the economic crisis caused by coronavirus. Barclaycard and Tesco Bank have reduced 0 per cent balance transfer and purchase credit card terms throughout March and early April, while Sainsbury’s … Read more