Savings & Banking News

Cash use cratered in the last few days, as shops shuttered or stopped accepting cash and anxious consumers opted for contactless card payments. The amount of cash which swapped hands in the UK has...

Elderly customers who have been advised to self-isolate during the coronavirus outbreak will be able to visit Nationwide branches in the early morning to complete essential banking tasks. High-street...

A temporary funding arrangement for a scheme that reimburses people conned into sending money to criminals has been extended until the end of the year.Nine banks have signed up a voluntary code, in...

Savers searching for the best rate should choose their accounts carefully. Despite their name, nearly of easy access accounts half come with a catch, including penalties for or limits on...

Metro Bank will more than double its overdraft rates to 34% from April, following the lead of other banks and in response to new FCA regulations.The bank currently charges 15% EAR for both arranged...

The UK’s largest building society is trying to encourage saving by offering quarterly prize draws of £100 with its newest lottery-style savings account.Nationwide’s Start to Save easy-access savings...

First Direct narrowly scraped past Metro Bank to be named the UK’s most recommended banking service for the third time.The Competitions and Markets Authority (CMA) requires banks to publish data every...

The Royal Bank of Scotland will change its name to NatWest later this year, the bank’s new chief executive Alison Rose has announced. The announcement comes after the Royal Bank of Scotland Group made...

Citing Brexit, German app-based bank N26 will pull out of the UK and close 200,000 customer accounts.Customers have until 15 April to transfer funds out of their N26 accounts, which will be shuttered...

Nationwide is set to pay back a total of £900,000 to around 70,000 customers who weren’t warned about unarranged overdraft charges. The Competition and Markets Authority (CMA) recently launched an...