What is compound interestGareth25/01/2021581Albert Einstein reportedly said, ‘Compound interest is the eighth wonder of the world. He who understands it, earns it. He...
What is an ISA and how do they workGareth25/01/2021467What is an ISA Introduced on 6th April 1999 to replace the Personal Equity Plans (PEP), an ISA (individual savings...
Are premium bonds worth it?Gareth25/01/2021598What is a premium bond and how do they work First introduced in 1956, Premium Bonds are now owned by...
What your bank would never ask forGareth25/01/2021513UK Finance, the trade association that oversees the UK finance and banking industry, found in 2018 that criminals successfully stoke...
What is interestGareth25/01/2021402Interest is the cost of borrowing someone’s money. When you are borrowing money, you pay interest. When you are lending...
What is an overdraftGareth25/01/2021436An overdraft is a form of credit your bank may offer if your current account balances drops below zero. When...
What is a joint bank accountGareth25/01/2021840A joint account is a type of current account where two people (or more) can access funds as you would...
What is a current accountGareth25/01/2021950A current account is a type of account held with a bank to manage your day-to-day money. It provides access...
What is a credit scoreGareth25/01/2021514Your credit score is created from the information held in your credit report, also known as your credit file. A...
Basic Bank AccountsGareth25/01/2021519What is a basic bank account Up to 1.5 million people in the UK don’t have a regular bank account....
