It’s fair to say new digital-only banks have gone mainstream. The majority of people out there will have heard of two of the biggest players, Monzo and Starling, thanks to word-of-mouth, eye-catching debit cards and advertising campaigns. In the last few years, they have seen stratospheric growth as a slice of Britons ditch – or … Read more
Nationwide Building Society lost its current switching crown to digital challenger Monzo in the final three months of last year, new figures show. Furthermore, the highest number of people in four years switched their bank accounts in March, according to the Current Account Switch Service. It found 113,037 people switched accounts last month, the most … 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
A second wave of coronavirus this winter could be even more devastating than the current outbreak, scientists have warned. If a surge in COVID-19 cases coincided with the start of the flu season it could pile even more pressure on the NHS, experts say. Dr Joe Grove, a virologist at University College London, said with … Read more
Dr Alex George has revealed he has been forced to move out of the flat he is staying in and has asked his social media followers for help finding a new place. The Love Island star, 30, who is working on the frontline with the NHS amid the coronavirus pandemic, explained his tenancy period has … 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
2020 OLYMPIC GAMES The 2020 Olympic Games has been postponed until 2021 on March 24 – becoming one of the last major sporting events this summer to fall victim to the coronavirus. Japanese prime minister Shinzo Abe held a crucial conference call with Olympics chief Thomas Bach on Tuesday to formally decide a plan and … Read more
First Direct PULLS its current account and £100 switch bonus for new customers as it focuses on existing ones amid coronavirus outbreak The HSBC-owned bank has said its current account is ‘temporarily unavailable’ It has 1.45m customers and is known for its top customer service HSBC and NatWest have also pulled switch bonuses as banks … Read more
The New Year brings with it a handful of new lucrative current account switcher offers – worth up to £175. Switching is something many of us put off, with a third of customers sticking with the same old bank we opened our first account with, despite bad service, hefty fees and little reward for our … Read more
Starling Bank slashes the interest rate it pays to in-credit current account customers by up to 90% Starling currently pays 0.5% on balances up to £2,000 and 0.25% above that From 18 May these rates will be cut to 0.05% Starling blamed the Bank of England’s emergency base rate cut Could others like Nationwide and … Read more