Savings & Banking News

Virgin Money is launching a basic bank account with a wealth of features, which it hopes will help the financially excluded access the benefits of banking.The new M account may be marketed as a basic...

The Lloyds Banking Group will cut interest rates on two of its current accounts from October, following a trend that’s costing savers across the market.If you hold a Club Lloyds account with Lloyds or...

Royal Bank of Scotland officially changed its name to NatWest Group on Wednesday, although the change is largely “symbolic” and for “colleagues and stakeholders” rather than customers, chief executive...

Santander will overhaul the cashback on its 123 accounts and double the monthly fee for the 123 Lite account from October, further eroding the perks of its once market-beating current accounts.For...

New rules from the Financial Conduct Authority (FCA) may require banks and building societies to notify regulators if they intend to shut down branches or remove cash machines. Banks will also be...

While coronavirus left some Britons struggling to make ends meet, others took advantage of their time at home to squirrel away some extra cash, Nationwide found.A survey from the UK’s largest building...

A year after its first premium subscription service flopped, digital bank Monzo is trying again, this time with new app-based features and 1% interest on balances.The original Monzo Plus offered...

Banks are set to hike their overdrafts rates to nearly 40% after the Financial Conduct Authority gave them clearance to end coronavirus reprieves.Nearly all banks announced hikes to their overdraft...

Millions of Brits lack easy access to cash, with one in 10 having to travel more than a mile from their home to use a free cashpoint.The Financial Conduct Authority and Payment Systems Regulator have...

TSB customers are using the bank’s online banking platform and mobile app more than ever during lockdown and with more confidence, suggesting a permanent shift in the way Britons engage with their...