MoneySavingExpert News

Banking

Santander to cut 123 current account interest AGAIN - and it'll now pay 0.3%

Santander customers with the bank's popular 123 current account will see the interest paid on savings drop to just 0.3%.

14 January 2021

Barclays fined £26m for failing 1.5 million customers in financial difficulty - and borrowers have been refunded

Barclays has been fined £26 million by the financial regulator over the poor treatment of 1.5 million borrowers who had fallen into arrears or financial difficulties over a period of four years - and affected customers have also been refunded

15 December 2020

HSBC, First Direct, M&S Bank or John Lewis Finance customer? If you’ve been in arrears in the past you may be sent a cheque for £100

HSBC Group says an internal review uncovered instances where customers in arrears hadn't been received the quality of service expected between 2010 and 2019.

14 December 2020

NS&I delays scrapping of Premium Bond paper prize cheques

Premium Bond holders will continue to get paper prize cheques until at least spring 2021, as NS&I has delayed phasing them out after some reported difficulties registering bank account details

1 December 2020

More UK banks to shut British expat accounts – what to do if yours is closed

At least 10 banks, building societies and credit card firms have now decided to close accounts held by Brits living abroad in Europe as a result of Brexit

27 November 2020

Inflation shake-up delayed until 2030 – what it means for pensions, student loans and more

Pension savers could see their pots fall from 2030 as a result of a shake-up to how inflation is calculated. But rail passengers and student loan borrowers are likely to be better off

25 November 2020

Is HSBC about to slash its regular saver to 1%? Fears sparked after customers sent wrong welcome packs

HSBC has raised fresh fears that it could be about to slash the interest rate on its regular savings account after accidentally sending emails to customers showing a reduced rate of just 1%, MoneySavingExpert.com can reveal

18 November 2020

'We made £1,000 switching bank seven times and used it to makeover our garden'

A MoneySaving couple have made £1,000 by switching banks seven times after following the tips in our weekly email – and they've used the cash to help spruce up their new garden

13 November 2020

Bank with M&S, HSBC or First Direct? Urgently open its regular saver

M&S Bank is closing its 2.75% AER regular saver account to new customers next week

13 November 2020

Virgin Money launches 'free wine' switching offer – how does it compare?

Virgin is offering switchers a case of wine worth £180

12 November 2020