Archive for the 'Moneynet.co.uk' Category

Halifax Clarity transparent but expensive

Financial pundits have praised Halifax’s new Clarity credit card for its simplicity, but warned it may not be the best deal for customers looking to borrow money long term.
Moneynet.co.uk welcomed the Clarity’s easy to understand fees, with no complex introductory offer and just one rate of interest for purchases, balance transfers and cash withdrawals.
“It’s a [...]

Moneynet issues warning on Lloyds TSB overdraft fees

Lloyds TSB customers who frequently access their overdraft should seriously consider moving their current account to another bank, Moneynet.co.uk has claimed.
The financial advice site made the remarks after Lloyds TSB announced a new monthly fee of £5 for customers who use their planned or unplanned overdraft.
This fee is in addition to the monthly interest already [...]

Balance transfers the cheapest way to pay off credit cards

Transferring your credit card balance to a new card with a 0% rate on balance transfers is a much cheaper way to pay off debt, even when balance transfer fees are taken into account, a financial expert has claimed.
Andrew Hagger of Moneynet.co.uk said the typical 3% one-off fee for balance transfers is significantly less than [...]

Balance transfers the cheapest way to pay off credit cards

Transferring your credit card balance to a new card with a 0% rate on balance transfers is a much cheaper way to pay off debt, even when balance transfer fees are taken into account, a financial expert has claimed.
Andrew Hagger of Moneynet.co.uk said the typical 3% one-off fee for balance transfers is significantly less than [...]

Savers struggle to find decent rates

Savers are finding it increasingly difficult to get a good return on their money, and many are opting to pay off debt rather than keep their savings in a bank account, Moneynet.co.uk has claimed.
Andrew Hagger, spokesperson for the price comparison site, said at least a dozen best-buy savings deals have disappeared from the market in [...]

Top ISA deal pays 3.5%

Santander’s ISA has been rated top in Moneynet.co.uk’s best buy charts for the fourth year in a row.
The ISA, paying 3.5%, pipped Barclay’s offering to the top spot.
Both Barclays and Santander are paying high rates than the best one-year fixed-rate ISAs.
“The Isa market is really taking shape as we approach the annual hot bed of [...]