Marcus Bank finally launches another savings account after 18 months… but the new one-year fixed-rate pays less than its original easy-access Marcus launched a 1.5% easy-access account in September 2018 Today it added to that with a new 1.45% short-term fix While the rate is not a best buy, it is a competitive rate and … Read more
Savers looking for monthly pocket money have been dealt a blow by the news one of the nation’s largest building societies will no longer pay monthly interest on its fixed-rate bonds. Yorkshire Building Society previously offered monthly interest payments to savers who held its one, two and three-year fixed-rate bonds and Isas, but now only … Read more
Savers with memories of the aftermath of the financial crisis might have felt a sense of déjà vu after the Bank of England’s emergency press conference on 11 March. But while an emergency base rate cut of half a percentage point, followed by another one eight days later which took the bank rate to its … 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
Hundreds of bank branches forced to shut their doors temporarily as staff fall ill or are forced to self-isolate By Money Mail Reporter For The Daily Mail Published: 22:00 GMT, 24 March 2020 | Updated: 23:40 GMT, 24 March 2020 Banks are being forced to shut hundreds of their branches temporarily due to staff falling … Read more
Roll-out of vital banking fraud check delayed again due to coronavirus disruptions By Amelia Murray For The Daily Mail Published: 22:01 GMT, 24 March 2020 | Updated: 23:41 GMT, 24 March 2020 The roll-out of a vital banking security check that could prevent millions of pounds being lost to fraud has been delayed yet again. … Read more
Money Mail today calls on the big banks to put off overdraft charge hikes and waive fees as the nation battles deadly coronavirus. High-Street banks are poised to increase interest rates to as much as 50 per cent, which means many struggling households will have to pay more to borrow. This is despite the fact … Read more
It’s not often the Government gives away free cash, but in the past five years aspiring homeowners have been offered two opportunities to earn generous bonuses on their tax-free savings. Soaring house prices mean, for many, it will take years to save for a deposit – so it’s little wonder the Government launched the Help … Read more
Get PAID to start saving: Free cash, gift cards, and prizes up for grabs for new savers as well as for those willing to switch loyalties By Holly Thomas For The Daily Mail Published: 22:30 GMT, 24 March 2020 | Updated: 23:48 GMT, 24 March 2020 Boosting your Isa savings is a welcome prospect at … Read more