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Do you still have old £5 notes?

Old £5 notes will no longer be a legal tender after 5 May 2017 – so, if you have any, use them or bank them. Mums and dads – raid your children’s piggy boxes and bank the cash for them. After this date, retailers will not accept them and banks and building societies or Post […]

Virgin Money launches Manchester United themed savings account for children

If your child is a Manchester United fan, then they’ll certainly be attracted to Virgin Money’s new savings account for children. In a partnership with Manchester United, Virgin Money has launched ‘Fred the Red Young Saver’ account, which offers an interest rate of 1.75%. Virgin said as well as the competitive interest rate, easy access […]

Teens cost parents more than the average UK salary

Raising a teenager costs a whopping £28,767 – more than the average UK salary. A report by Aviva – The Cost of Youth – found the bill for teenagers (age 13 – 19) topped the average salary which is just £26,104, and that  ‘Sweet 16’ was the most expensive, milking parents out of £4,800 a […]

Watchdog to put an end to Asda’s misleading ‘deals’

Supermarket giant Asda has come under fire for bombarding customers with confusing and mis-leading promotions, which makes it difficult for consumers to see if they are actually getting a real deal. The Competition and Markets Authority (CMA) said Asda, along with other supermarkets, was unable to demonstrate whether deals were genuine and it was not […]

Families urged to move to ‘social tariffs’ to reduce water bills

  Thousands of families will be able slash their water bills by as much as 50% following the introduction of social tariffs. From 1 April 2016, 18 out of 21 water companies are introducing ‘social tariffs’ to help low income families reduce their bills. According to the Consumer Council for Water (CCWater), lack of awareness […]

Budget 2016: clarity over childcare

The government will roll out the new tax-free childcare scheme from early 2017, replacing the current childcare voucher scheme. Although the government expects the new scheme will save parents around £2,000 a year, in reality only a third of parents will be better-off, saving them only £600 a year, compared to £933 with childcare vouchers. […]

HSBC and First Direct introduce biometric banking

HSBC and First Direct customers will soon be able to access their accounts with voice and fingerprint recognition. The two banks will roll out voice biometric security technology to 15 million customers in the coming weeks. This is the largest roll out of such technology seen in the UK so far and will significantly improve […]

Free financial advice for families with new MoneyFlex service has launched an online community that allows consumers to submit money questions to a panel of top 60 financial advisers, which will be answered within 24 hours. The service, MoneyFlex, is free and allows users to put questions to a panel – anything ranging from pensions, tax, mortgages or investments. Users can also learn […]

Avios launches major sale

Families can significantly cut the costs of their holiday with the Avios sale, offering up to 40% off hotels, flights, package holidays and cruises. Avios holders can also collect bonus points this month as part of the Avios sale. Discounts apply to over 100 hotels across Europe, US and UAE, when travelling between March and […]