As we enter a new month it's important to keep an eye on some of the big changes happening that may affect your personal finances.
To be eligible for the payment, you need to have a qualifying current account, plus a savings account or mortgage product with Nationwide. Current accounts must have been opened on or before March 31, 2023, and still be open in June to receive the cash reward. The second change affects Clubcard holders who purchase fuel at Tesco forecourts. Drivers currently get one point for every £2 they spend on fuel - but this will switch to one point for every two litres of fuel purchased.
Disability Cost of Living Payment - June 20 Six million people in receipt of disability benefits will receive a £150 cost of living payment between June 20 and July 4. In order to get the £150 payment, you need to have been claiming a qualifying benefit on April 1, or are subsequently paid for that date.New inflation figures from ONS - June 21 The Office for National Statistics will release the inflation rate for the 12 months to May on June 21.
If interest rates are higher, you'll pay more to borrow on products like variable rate mortgages - but the flip side is, savings rates should go up.