Savings & Banking News

Three-figure switching bonuses lured Britons away from their current account providers in the second half of 2020, reversing trends that had seen switching stagnate during the early months of the...

Shoppers may soon be able to charge up to £100 on their debit and credit cards without typing in PINs, under new rules being contemplated by the financial regulator.The limit for contactless card...

Rates on savings accounts have melted away nearly to zero since the beginning of the pandemic and the Bank of England’s slashing of the base rate last March. But savvy savers can still snag a...

HSBC will shutter 82 branches between April and September this year, responding to changing customer preference for digital banking.The coronavirus pandemic has turned many customers to digital...

Santander will slash interest rates on its 123 current accounts to just 0.3% from April, the third rate cut for the once market-leading account in less than a year.This time last year 123 accounts...

Britons withdrew £6.2 billion from NS&I savings accounts in November, in advance of rate cuts which took interest paid on some accounts at the state-owned bank to just 0.01%.As other banks slashed...

The Financial Conduct Authority (FCA) has fined Barclays £26 million for mistreating 1.53 million borrowers who had fallen into debt or were experiencing financial difficulty.An investigation by the...

Brits are eschewing NS&I accounts and bonds following the state-owned bank’s scything of interest rates and pouring money into instant-access savings accounts instead.The Bank of England’s latest...

5,000 Lloyds current account holders will receive a Christmas bonus of £200 from the bank to help with household expenses. To be eligible for the drawing, customers must have held a Lloyds current...

Marcus is cutting the interest paid on its popular online savings account for the fifth time this year, to just 0.5% AER, in another blow to savers.Marcus, the digital consumer banking arm of Goldman...