Banking

Virgin Money is rolling out its new current account, which offers 1% AER interest on balances of up to £100,000. But is it worth switching to?

Update: 9.30am, 5 February 2015: Tesco Bank has this morning said that all customers can now see their accounts online as normal. But let us know if you're still suffering via the forum link below.

Banks may have to make it easier to compare and switch cash savings accounts if plans announced by the City regulator today are put in place.

A basic bank account with no fees for failed payments or dipping into unauthorised overdrafts has been unveiled following an agreement between Britain's major lenders and the Government.

The Financial Conduct Authority has today announced a series of proposals aimed at improving financial services complaints handling, including banning firms from using premium rate numbers for post-sale calls and allowing people to take their complaints to the Ombudsman at an earlier stage.

Pensioner Bonds will pay market-leading rates of 2.8% on a one-year bond and 4% on a three-year bond from January 2015, the Treasury has revealed today.

The chairman of the Treasury Select Committee has written to Barclays, HSBC, Lloyds, RBS and Santander asking for more information about fraud figures after the committee heard evidence the 'banks may be understating the level of fraud in the banking system' .

Current account customers could switch bank in just five working days after the Chancellor of the Exchequer today called for a review of the switching period.

Surviving spouses can inherit their deceased partner's ISA, and it will stay as an ISA, so they won't pay tax on any gains, Chancellor George Osborne has announced.