Could this huge rate chop from Ford Money signal an imminent savings bloodbath after the base rate cut? The savings bank slashed its best buy deals by 0.4 and 0.42 percentage points Its one-year fixed-rate deals were the best around and now pay less than 1% Banks have already started responding to last week’s Bank … Read more
Scant consolation for savers as banks cut accounts within hours of the Bank of England slashing the base rate By Sylvia Morris For The Daily Mail Published: 23:37 GMT, 17 March 2020 | Updated: 23:51 GMT, 17 March 2020 Banks and building societies have been quick off the mark to slash savings rates. Within hours … Read more
Don’t miss ISA deadline: Some providers will close accounts before the Sunday April 5 deadline By Money Mail Reporter For The Daily Mail Published: 23:39 GMT, 17 March 2020 | Updated: 23:51 GMT, 17 March 2020 Some providers will close their Isas before the official deadline Savers looking to use their cash Isa allowance could … Read more
Nationwide to open its doors early for elderly customers who are more at risk from the coronavirus pandemic By Money Mail Reporter For The Daily Mail Published: 23:42 GMT, 17 March 2020 | Updated: 23:52 GMT, 17 March 2020 Nationwide building society is opening more than 100 of its branches an hour early to help those … Read more
Those looking for regular savings accounts to shelter their money from the turbulence of the stock market will likely be settling for any port in a storm. However, the cash savings market has also been hit over the last 12 months, with rates on five-year fixed accounts paying less than what one-year fixed-rate ones did … Read more
Freakish fail? Santander ditches its Money Monsters digital money boxes designed to educate kids Santander’s £30 cashless piggy bank was meant for 123 Mini Account holders Monsters were meant to teach kids about banking without apps or the internet Bank claims initiative was a trial and that it kept sign ups to a small number … 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
Savers who back Neil Woodford-style funds face crackdown on withdrawals under Bank of England proposals By Lucy White For The Daily Mail Published: 21:50 GMT, 16 December 2019 | Updated: 22:58 GMT, 16 December 2019 Investors in Neil Woodford-style funds may have to wait or accept a discount if they want to pull their money … Read more
Santander is slashing the benefits of its flagship current account in a move that could deprive millions of customers of as much as £100 a year. The Spanish bank, which has almost four million current account holders, will cut the rate on its 123 account from 1.5 per cent to 1 per cent in May, … Read more
Halifax has told holders of its Reward current account they will have to opt into potentially paying a £3 monthly fee for it, under changes coming in at the start of June. Customers will have to pay in £1,500 a month or be billed £3, while the bank is also revamping the account’s cashback offer. … Read more