MoneySavingExpert.com’s Martin Lewis is fighting to save you £££s
If you bank with Lloyds, Bank of Scotland or Halifax, you’re one of more than 20 million in the UK who have had their overdraft charges changed. For some, it can mean paying hundreds more a year. Yet the market’s never been more competitive, with three banks offering 0% options.
The changes to the Lloyds Banking group charges hit a few weeks ago and many are shocked by the cost.
This has been a root-and branch (sorry!) reform. Before, some Lloyds brands charged a flat daily fee; others a monthly charge and daily interest. Now it’ll charge 1p per day for each £7 you’re overdrawn, which works out around £1 a day per £700 of overdraft (so £30 a month if you’re that far into it continually). It’s also got rid of charges for busting your limit.
There are more winners than losers, but the gains are smaller than the losses for those who do lose out.
Top 0% overdrafts
Paying too much? Ditch and switch. When you apply to a new bank you will be credit scored – it’s often not harsh, but you can be rejected or given a low overdraft. See my guide at mse.me/cutoverdrafts but here are the top deals:
Denne historien er fra December 11, 2017-utgaven av WOMAN - UK.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 11, 2017-utgaven av WOMAN - UK.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
NEVER too late
Catriona had regrets about the past - but perhaps it was time to embrace her future
How many calories are YOU eating at Christmas?
Lynsey Hope tracked what she ate over the festive period, with shocking results.
Cut festive spending
The average Brit expects to spend almost £600 on core Christmas-related products and activities this year, including food, gifts, decorations, socialising and travelling*.
My little MIRACLE
After a horrific blaze, Amanda Stephenson will never forget how lucky she is to still have her son
Why it's not too late to get a flu jab
WOMAN'S GP DR HELEN WALL ON HER TOPIC OF THE WEEK
Stop the season AGEING YOU
Take our youth-boosting quiz to find out how you can keep looking and feeling fabulous.
LOSE AN INCH by Christmas
Stride into shape with our simple walking plan
How to lower your cholesterol
ANNIE DEADMAN IS HERE TO HELP YOU, THE EASY WAY!
Why are we so obsessed with MOVING HOUSE?
With more homes on the market than last year, we investigate the nation's love of selling up
The ROYAL INSIDER
THE REASONS BEHIND THE SUSSEXES' NEW MOVE
