Banking

The Bank of Scotland is cutting the headline interest rate on its current account 'Vantage' add-on from 3% to 2% in June, MoneySavingExpert.com can reveal - meaning you'll no longer be able to save £15,000 at 3% interest.

A large number of Barclays customers were left unable to pay with their debit cards, make ATM withdrawals or use some other services after the bank was hit by major IT problems on Saturday.

Savers have been given a much-needed boost in a world of dire rates, after app-only bank Atom launched a raft of best-buy fixed savings accounts – including a one-year account offering 2% interest.

Disabled customers and employees are to be given a voice to promote change and trigger improvements in various industries, following the launch of a Government initiative today.

First Direct has once again been crowned king of customer service in MoneySavingExpert.com's biannual banking poll, while Barclays has the dubious honour of taking home the wooden spoon.

Tesco Bank has blamed "unprecedented demand" for its decision to temporarily stop accepting new applications for its current account, just days after MoneySavingExpert.com highlighted its generous 3% interest rate.

Co-op Bank is putting itself up for sale after it confirmed it expects to report a "significant" loss for the year to December 31, though the bank today stressed that it's "business as usual" for its four million customers and that their money is safe.

One hundred thousand Norwich & Peterborough customers whose current accounts will be closed on 31 August can earn up to £200 switching to a different bank, MoneySavingExpert.com can reveal, after at least two banks agreed to offer a switching incentive lifeline.

Unarranged overdraft fees can cost bank customers up to seven and a half times more than borrowing from a payday loan company, new research shows. But there are steps you can take to avoid these sky-high charges.

Banks will be forced to make banking easier and fairer for millions of customers from later this year after receiving a "strict timetable" from the competition watchdog.