November 2022

PCF Bank has stopped offering personal savings accounts and loans to new customers, and plans to exit the UK banking market – but there's no immediate change for existing savers or borrowers.

Two of the largest energy firms in Britain, British Gas and Ovo, are still unable to confirm they'll let smart prepay customers use their £400 energy support payments on both electricity AND gas – despite gas being crucial for many people's heating this winter. As the second Government payment of £66 starts hitting meters, MoneySavingExpert.com is once again calling on these firms to let their customers decide how best to use it.

The cost of fixed-rate mortgage deals has started to fall, despite the Bank of England's base rate rise last week, as the volatility caused by the Government's mini-budget in September looks to have eased. Variable-rate mortgages are rising, though – here's what you need to know if you're looking to get a new deal.

Morrisons has launched a new feature for its loyalty card scheme which gives shoppers offers and discounts on certain items in-store and online. You don't need to do anything to activate the deals but you will need to be a 'My Morrisons' member to get them. 

The Bank of England has increased the base rate from 2.25% to 3% – the largest single rise since 1989. 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.

If you collect Avios and were planning to convert your rewards currency into Nectar points, you should do so before 16 November when the value of the conversion is set to plummet. Below we explain what's changing, and what you can do about it. 

If you're not paying tax on your savings interest, cash ISAs have no benefit – so many should ditch them for higher-paying standard accounts. That's the message from MoneySavingExpert.com founder Martin Lewis in the third episode of the latest series of ITV's The Martin Lewis Money Show Live.

Around 300,000 households are yet to claim their £150 council tax rebate, according to the latest Government figures. You've now got until 30 November to claim the payment from your local council, so make sure you don't miss out. Here's what you need to know.