Savings & Banking News

HSBC and subsidiary First Direct have slashed the interest rate it pays on its regular savings account from 2.75% to 1% for new customers.Regular savers are available to those who already have a...

The City regulator has scrapped plans to require banks to have a single easy access rate (SEAR) for savings accounts, amid the upheaval of the coronavirus pandemic.Under proposals from the Financial...

Britons are still hoarding cash while riding out the economic upheaval of the pandemic, although banks aren’t rewarding them much for their deposits.Households increased their cash deposits by £6.8...

HSBC could become the first major UK bank to charge customers for current accounts, as it tries to patch the hole blown in its finances by historically low interest rates.The banking group reported a...

Switching from an easy-access savings account from a high street bank to the best buy on the market could earn you 96 times the interest rate, research from investment platform Hargreaves Lansdown has...

Customers trying to withdraw savings from their NS&I accounts ahead of massive interest rate cuts next month are reporting tech glitches on the bank’s website and lengthy waits to speak to...

TSB will close around a third of its high street branches in response to a “significant shift in customer behaviour” during the coronavirus pandemic.164 TSB locations will shut next year, in addition...

Investment bank Goldman Sachs’ Marcus easy-access savings account, so popular during the lockdown savings bonanza it had to suspend deposits for a time, will slash its interest rate next month.From...

Bucking trends that have slashed savings rates close to zero, NatWest and RBS have launched a new regular saver paying a market-leading 3% interest.Natwest and RBS's Digital Regular Saver pays...

TSB will stop paying interest on its Classic Plus current account from December, and from yesterday has closed the account to new customers.Just 18 months ago, the Classic Plus account paid 5%...