People who start getting the state pension or receiving benefits from this week onward are barred from using a Post Office card account to collect their cash. The Government has announced new applicants will have to use a bank account, or a special scheme called the HMG Payment Exception Service if they can’t open one, … Read more
Bonfire of fixed-rate savings accounts: Best buy offers up in smoke as providers blame coronavirus for pulling deals Some 62 one, two, three and five-year fixed-rate deals have gone since March Savings rates have continued to slide since the coronavirus hit Britain Challenger bank Aldermore pulled all its non-easy-access deals from sale It said the … Read more
GoDaddy confirms an ‘unauthorized individual’ accessed 28,000 hosting accounts and advises customers to review their information Hosting platform GoDaddy says 28,000 accounts were compromised The platform says no files inside the hosting accounts has been altered It is still advising customers to audit their accounts for changes GoDaddy will also provide one year of free … Read more
Santander unleashes another 123 current account rate cut on the SAME DAY another one bites, costing customers hundreds of pounds in lost interest Santander today cut the interest rate on 123 accounts from 1.5% to 1% It has handed savers more bad news with a cut to 0.6% in August Savers with £20,000 in the … Read more
Police freeze £1.6million from ‘complex web’ of 25 bank accounts linked to mafia cash after probe into Italian crime gang money laundering firms in London Met Police say dozens of front companies to launder money were founded in UK Gangsters used a dead man’s identity and firms were set up by third parties Shell companies were … Read more
A record number of savings accounts have disappeared over the last month as coronavirus shocked the savings market, new figures show. There were 180 savings accounts and tax-free Isas of all term lengths pulled from sale following a pair of Bank of England base rate cuts in March, according to research from financial information website … Read more
London Capital & Finance director accused of manipulating company accounts By Daily Mail City & Finance Reporter Published: 22:35 BST, 14 January 2020 | Updated: 22:35 BST, 14 January 2020 A director who was arrested in relation to the London Capital & Finance (LCF) scandal has been accused by a judge of manipulating his company’s … Read more
Facebook trend of sharing old high school graduation photos is giving hackers answers to the most common security questions for online accounts People are sharing old high school graduation photos on Facebook The trend is to support the senior class that will not experience the ceremony during coronavirus lockdowns However, the images give hackers information needed … Read more
If Isa season is judged by how many new tax-free savings deals pop up in February and March, then 2020 has been an almost non-entity. At the start of this year, there were 149 easy-access Isas paying an average of 0.85 per cent, according to Moneyfacts. By the first day of the new tax year … Read more
The last 5% savings deal goes up in smoke: Nationwide cuts its FlexDirect current account interest to 2% – and 22 other rates are also hit FlexDirect paid 5% interest for a year on balances of up to £2,500 It helped the building society gain nearly 550,000 switchers in 6 years It will be cut … Read more