September 2022

Barclays has launched a new linked "Rainy Day Saver" savings account for Blue Rewards members, which pays 5.12% interest on balances of up to £5,000 – over double the top open-to-all easy-access account. You need to jump though a number of hoops to get it though. Here's what you need to know.

Shell Energy will pay an extra £150 to over 150,000 of its customers who get the Government's Warm Home Discount this winter – meaning those eligible will get £300 in total from both payments.

The 45% top rate of income tax will NOT be scrapped from April 2023, Chancellor Kwasi Kwarteng has announced today. The change means those earning above £150,000 will continue to pay a higher marginal rate of tax, as they do now.

Eleven water companies across England and Wales will be forced to cut customer bills by a collective £150 million from April 2023 after they missed targets on issues including pollution, sewerage flooding in homes, and water supply interruptions. It follows a backlash against water firms over practices including discharging raw sewerage into local waterways and coastlines. 

A tweet suggesting people could save £12,700 a year following the mini-budget has been deleted by HM Treasury after MoneySavingExpert.com (MSE) founder Martin Lewis called the Government's calculations "nonsense".

The UK tax office is to refund 60,000 people that had tax rebates processed by Tax Credits Ltd. The move comes after a MoneySavingExpert.com (MSE) investigation found that the third-party tax rebate firm was alleged to have submitted claims using forged signatures, without consent, and made it difficult for people to get hold of any money owed. 

Millions of households on low incomes are missing out on average savings of almost £150 a year on their broadband bills, according to Ofcom. The industry regulator has called on providers to better advertise discounted deals for those on benefits – see a full list of available tariffs below.

The Bank of England has increased the base rate from 1.75% to 2.25% – the highest it has been in 14 years. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.

More than 400,000 low-income households in Wales can get a non-repayable £200 cash grant to put towards their energy bills this winter, as applications are now open for the Welsh Government's fuel support scheme. Below we explain who can get the £200 payment and how to apply.

NS&I will increase its Premium Bond prize-fund rate to 2.2% from 1.4% in its October draw, increasing the odds of a win from 24,500-to-one to 24,000-to-one. The change means there will be around 100,000 extra chances of winning in the October draw – with a small increase in the number of larger prizes available and a drastic increase in the number of £50 and £100 prizes on offer.