Savings & Banking News

The NatWest Group will close 21 NatWest branches and 11 Royal Bank of Scotland (RBS) locations between May and July of this year, part of an industry-wide cull of high-street banks.NatWest attributed...

The UK’s Competition and Markets Authority (CMA) has reprimanded popular digital bank Monzo after for three years it failed to make customers aware of the full cost of going into the red, in a breach...

Customers of most of the UK’s largest banks and building societies will keep their ability to complete basic personal and business banking tasks at Post Office counters until the end of 2025,...

Cash incentives and slick apps drew consumers to move their current account last summer, with Nationwide and startups Monzo and Starling benefiting the most, but across 2021 switching remained down...

Britain’s largest building society will increase the rates it pays on a range of savings accounts from 1 February, giving savers the chance to earn more on their deposits.Savings rates have been...

Around one in 12 (8%) of all personal current accounts are now with a digital challenger bank like Monzo or Starling, as the high-valuation startups disrupt a market long dominated by high-street...

Santander’s website and app were the most frequently down of any major UK bank in 2021, often leaving customers struggling to access their accounts and use banking services, an analysis of data from...

Despite a worsening epidemic of cyber fraud, some banks are still neglecting their digital defences, allowing customers to choose insecure passwords and failing to keep website protections up to...

Santander UK is scrambling to recover the £130 million it mistakenly deposited in 75,000 personal and business accounts, many of them with rival banks, on Christmas Day.The blunder occurred when...

Vulnerable customers are at risk of being abandoned as the UK’s network of bank branches contracts by nearly half in just seven years.Consumer magazine Which? has counted 4,735 bank branches that have...