MSE News


Martin: 'FCA subtly slaps banks' wrists – and provides some relief for overdraft prisoners'

The financial regulator has written to major banks asking them how they decided on their overdraft prices, after several providers announced rates to 40% - and it's warned that banks must act to help consumers hurt by the changes

28 January 2020

Martin Lewis says Santander 123 is now a dead duck current account as it cuts interest and cashback

Santander will be slashing current account interest to 1% on its popular 123 account this spring, and introducing a single overdraft interest rate of 39.9%

21 January 2020

TSB to follow other banks and hike overdraft interest rate to 39.9%

TSB Classic and Classic Plus customers will be charged an interest rate of 39.9% EAR on arranged and unarranged overdrafts from 2 April

20 January 2020

Nationwide double-charges hundreds of customers for credit card repayments

Hundreds of Nationwide customers have had their monthly credit card repayment taken twice, with one family overcharged by up to £2,500, can reveal

16 January 2020

Banks to have single easy-access savings rate on old accounts under new proposals announced today

Banks will have to set a single rate across all their easy-access accounts under new rules proposed by the financial watchdog today

9 January 2020

Barclays announces overdraft shake-up with interest rates of 35%

Barclays will be replacing its daily overdraft fees with a single interest rate of 35% from March - we've full info on whether you'll pay more or less after the changes

8 January 2020

NatWest and RBS to hike overdraft interest rates – but many will actually pay less as fees are scrapped

RBS and NatWest have become the latest banks to announce a steep hike in the interest charged on overdrafts, with some set to pay 39.49%. But the banks are also scrapping daily and monthly fees currently charged for overdrafts, meaning many will end up paying less overall to use them

6 January 2020

TSB ups 'refer a friend' bank switching offer to £100

TSB has increased the cash reward it pays customers for referring a friend who switches to its Classic or Classic Plus account to £100

6 January 2020

Yorkshire Bank & Clydesdale Bank 'investigating' reports that customers haven't received wages

Yorkshire Bank and Clydesdale Bank say they are "investigating" after customers complained they had not received wages this morning

3 January 2020

NatWest and RBS breaking new overdraft rules

RBS and NatWest are still including overdrafts when telling customers their 'available balance', despite new rules banning this

19 December 2019

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