Latest News from Money Expert

Up to 40% of the UK’s high street banks could shut by the end of the year, prompting calls to turn abandoned branches into hubs shared by banks.Natalie Ceeney, campaigner and former head of the...

A new rewards scheme will allow consumers with credit cards from MBNA to earn up to 15% cashback on their spending at a personalised list of retailers. MBNA’s Smart Rewards scheme has been developed...

Paragon Bank has launched a range of buy-to-let mortgages with lower interest rates for energy efficient properties.The 80% LTV mortgages charge a market-leading 3.99% interest, fixed for five years,...

Savers must move their money to new accounts after bonus rates end or they’ll earn little interest for their cash, bank and wealth manager Investec has said.The company analysed the 50 best-paying...

Virgin Money has patched a technical fault that left its customers unable to access their accounts through the website and app for much of Tuesday.Current account customers expressed frustration on...

Months after withdrawing nearly all their highly leveraged mortgage products, lenders have ventured back into low-deposit lending ahead of the government’s mortgage guarantee scheme.While lenders...

The coronavirus crisis has been blamed for a slowdown in current account switching last year, as consumers were distracted by other worries and banks focused on assisting existing customers.Just...

Marcus, the digital retail banking arm of investment bank Goldman Sachs, has ventured into the ISA market, but only existing customers can sign up.Goldman Sachs has been hinting for two years that it...

Large banks have struggled to meet customers’ expectations during the pandemic, especially when handling queries and complaints. But challenger banks have shown how financial institutions can continue...

Customers of some of the country’s largest banks are urged to be vigilant following reports of scam text messages purporting to be security alerts from their banks.The Chartered Trading Standards...