Savings & Banking News

According to new research by customer advice website Which?, the nationwide trend towards cashless transactions will have a harmful effect on the most vulnerable demographics in UK society, including...

Tesco Bank has been fined for failing to safeguard customer information, after hackers managed to steal £2.26 million from customer accounts in November 2016. The UK’s financial regulator, the...

Recent figures show that more than £500m was stolen from customers of British banks in the first half of the year. Most of the money stolen, £358m, was due to fraud, including transactions made...

99% of all standard savings accounts pay interest at below the inflation rate,  creating difficulties for individuals and families trying to increase their savings. Despite a 19-month run of savings...

All banks must now publicise the results of a customer satisfaction survey, which saw First Direct revealed as the most recommended bank in the UK. The Competition and Markets Authority (CMA)...

Average annual annuity incomes rose by between 1.4% and 4.8% in the first half of 2018, according to Moneyfacts’ latest UK Personal Pension Trends Treasury Report, marking a strong comeback after...

Following the Bank of England’s decision to increase interest rates last week, banks have instantly raised rates for homeowners holding mortgages and customers with loans. However, in a move that has...

Banks could be forced to offer customers interest rates above a set minimum on easy access savings accounts, under proposals from the Financial Conduct Authority (FCA). The regulator voiced concerns...

State-owned savings bank National Savings and Investments (NS&I) is cutting interest rates for its Direct Individual Savings Account (ISA), a move which is estimated to affect up to 400,000...

"There is no such thing as free banking", FCA boss Andrew Bailey announced following a recent report. The FCA’s report found that a mere 10% of customers generated between a third and half...