Lloyds and Bank of Scotland will be cutting the interest paid on balances of up to £4,000 on their Club Lloyds and Vantage accounts from this autumn – but as the rates can be beaten elsewhere, if you only have the accounts for the interest you could earn more by ditching and switching.
Coventry Building Society is to withdraw debit cards from more than 30,000 customers using its MoneyManager savings accounts in September – and some will also lose overdraft facilities.
TSB has announced it's cutting the interest rate on its Classic Plus current account from 5% to 3% this summer – and it's temporarily reviving its £75 switching incentive for those who refer friends and family to the bank.
Increasing numbers of current-account holders are switching banks, with almost one million switches taking place in the last 12 months according to the latest figures - here's how your bank fared and how to bag up to £185 in vouchers for switching.
Barclays is doubling its Blue Rewards scheme incentives for new and existing customers who switch an account to it - meaning they can earn at least £132 in the first 12 months.
Two decent interest-paying current accounts from Lloyds and Bank of Scotland will have their rates cut from July, MoneySavingExpert can reveal - while Halifax is to increase the monthly fee for its Ultimate Reward packaged account.
TSB customers can continue to earn £75 each for themselves and a friend they refer who switches to the bank, after an extension of its current account referral scheme.
9 March 2018
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