Savings

Millions of victims of payment protection insurance (PPI) mis-selling will have to pay tax on their payout, the Government has confirmed.

Norwich and Peterborough Building Society (N&P) has this week been taken over by Yorkshire Building Society (YBS), which means big changes for many of its 420,000 customers.

The final stages of the sale of Egg were completed this week, meaning big changes for its 1.7 million customers.

Santander will pay interest upfront on its new savings account in what is the latest move by banks to tempt savers, by giving them instant cash.

The major banks have shunned the launch of junior Isas next week.

The Government is putting the wheels in motion to develop simpler financial products.

The last batch of parents whose offspring are eligible for the child trust fund (CTF) only have a few weeks to choose where to save or invest their free cash, or face having it automatically placed in a poor-paying or risky account.

The eurozone crisis threatens to destabilise some of the Continents' top banks, so what does that mean for savers with cash in Spanish giant Santander, which has become one of the UK's largest institutions?

The Bank of England today announced it is holding the base rate at its 0.5% historic low for the 31st consecutive month.