What is an overdraft

An overdraft is a form of credit your bank may offer if your current account balances drops below zero.  When...

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What is compound interest

Albert Einstein reportedly said, ‘Compound interest is the eighth wonder of the world. He who understands it, earns it. He...

What is interest

Interest is the cost of borrowing someone’s money. When you are borrowing money, you pay interest. When you are lending...

What is an overdraft

An overdraft is a form of credit your bank may offer if your current account balances drops below zero.  When...

What is a credit score

Your credit score is created from the information held in your credit report, also known as your credit file. A...

Basic Bank Accounts

What is a basic bank account Up to 1.5 million people in the UK don’t have a regular bank account....

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