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Bank of England cuts base rate as mortgage and savings rates continue to drop
In response to the Bank of England’s latest base rate decision, John Dentry, Product Owner of the Current Account Switch Service at Pay.UK, said: “The Bank of England is cautiously trying to encourage...
07 August 2025
Bank of England lowering base rate may motivate consumers to switch
In response to the Bank of England’s latest base rate decision, John Dentry, Product Owner of the Current Account Switch Service at Pay.UK, said: “While the implications of today’s decision to lo...
06 February 2025
Zempler Bank joins the Current Account Switch Service
Latest partnership allows support system of vulnerable individuals to be able to switch current account quickly and seamlessly 11th February 2025 The Current Account Switch Service (CASS), which is o...
06 February 2025
Seal it with a switch: Make your joint account work for you this Valentine’s Day
With Valentines’ Day approaching, couples across the UK will be taking time to reflect on and celebrate their relationship. With 6 in 10 couples in the UK managing their shared finances through a jo...
27 January 2025
Global Money Week: Practical steps for building financial confidence
Taking the first steps toward financial independence can often feel daunting. However, building the knowledge and skills to make financial decisions ultimately builds financial resilience and wellb...
27 January 2025
Top tips on how to feel more positive about your finances this Blue Monday
Often called the most depressing day of the year, Blue Monday comes at a time when the New Year good feeling has worn off, and post-holiday season bills, cold weather, darker nights and a lack of mot...
22 January 2025
Financial Confidence Gap Revealed
LONDON: New data from Pay.UK, owner and operator of the Current Account Switch Service, reveals that, despite 70% of Brits feeling confident about managing their personal finances, there are signifi...
30 November 2024
Bank of England holds base rate, as banks continue to find new ways to compete for customers
In response to the Bank of England’s latest base rate decision, John Dentry, Product Owner of the Current Account Switch Service at Pay.UK, said: “While this may stabilise falling rates on savings acc...
29 November 2024
Freshers’ Week – Laying strong foundations for student financial independence
For many students, September marks the start of the next stage in their life as they head off to University for the start of Freshers’ Week While some students may have already had experiences away fr...
27 November 2024
SMEs in London seeking financial advice as 82% worry about the future of their business
New research finds that 73% of small and medium-sized businesses surveyed in London would consider switching banking provider if they found an account that better meets their business requirements....
26 November 2024
Welsh SMEs seeking financial advice as two thirds concerned about the future of their business
New research finds that 61% of small and medium-sized businesses surveyed in Wales would consider switching banking provider if they found an account that better meets their business requirements, t...
22 November 2024
Retailers should not understate the value of finding a bank that suits your business
Small businesses are the backbone of the UK economy, but recent years have not been kind. Rising inflation, successive economic shocks and growing geopolitical tensions have provided a uniquely challe...
20 November 2024
SMEs in Manchester seeking financial advice as 77% worry about the future of their business
New research finds that 68% of small and medium-sized businesses surveyed in Manchester would consider switching banking provider if they found an account that better meets their business requiremen...
20 November 2024
Young Adults Struggle with Financial Confidence and Understanding as Older Generations Lead the Way
New research from Pay.UK highlights a stark generational divide in financial confidence, with only 25% of Gen Z feeling “very confident” managing their finances, compared to 47% of Baby Boomers. Y...
13 November 2024
Newcastle's SMEs seeking financial advice as 74% worry about the future of their business
New research finds that 70% of small and medium-sized businesses surveyed in Newcastle would consider switching banking provider if they found an account that better meets their business requirement...
06 November 2024
Financial literacy gap: Half of UK adults claim good understanding of jargon but 71% don’t know how a savings account works
The Current Account Switch Service today publishes its Q3 2024 Dashboard reporting the latest switching figures and trends. The Current Account Switch Service has facilitated 11.1 million switches sin...
30 September 2024
Scottish SMEs seeking financial advice as 36% worry about being profitable
New research finds that 74% of small and medium-sized businesses surveyed in Scotland would consider switching banking provider if they found an account that better meets their business requirement...
26 September 2024
Planning for the start of the new year signals an optimistic year for UK SME decision makers
Survey finds that UK SME decision makers are hopeful for a successful 2024, setting goals for increased revenues, winning new business and making the most of opportunities for business expansion ...
30 September 2023
‘FOMO’ drives Gen Z to spend beyond their means
Research from the Current Account Switch Service reveals that 23% of 18-24 year olds spend beyond their means ‘to avoid FOMO’, while 41% do so to ‘enjoy the here and now’. 27% of Gen Zs are using ...
14 September 2023
Three quarters of 18-24 year olds wish they had more financial education at school
New research from the Current Account Switch Service reveals that, despite 90% of Gen Zs speaking to someone about their financial situation, 55% are not confident when it comes to managing their fi...
11 September 2023