Banks refusing to unblock credit cards in branches: Customers must phone a call centre if their card is declined By Fiona Parker For The Daily Mail Published: 22:00 GMT, 28 January 2020 | Updated: 23:58 GMT, 28 January 2020 Anyone whose card is unexpectedly declined while shopping must now phone the bank’s call centre Banks … Read more
Olivia Pratt may only be nine years old, but by squirrelling away birthday and Christmas gifts she has already amassed around £4,500 in savings. By contrast, after an expensive year renovating their house, her parents, Claire and Damien, have just £900 set aside for a rainy day. It may seem unusual for children to have … Read more
City watchdog demands explanation from banks for near-40% overdraft rates as it’s hit by criticism over changes that leave a third of customers worse off Nearly every high street bank has announced they’ll set overdrafts above 39% This was in response to new rules designed to cap the cost of unarranged fees The FCA has … Read more
Hampshire Trust Bank now offers the best short-term fixed-rate cash Isas – is it a safe spot for your cash? Its one-year cash Isa pays 1.41% and two-year 1.48% It also offers a 90-day notice account paying 1.4% and a range of fixed-rate deals Many may not have heard of the small bank which changed … Read more
Take out loan to avoid 50% overdraft fees, says City watchdog as it admits changes will leave three in ten bank customers worse off By Hugo Duncan and Amelia Murray For The Daily Mail Published: 21:50 GMT, 24 January 2020 | Updated: 21:50 GMT, 24 January 2020 Families are being advised to take out loans … Read more
The great overdraft rip-off: Watchdog under fire as new rules to charge all customers who slip into the red the same leave 8m borrowers worse off By Amelia Murray Money Mail Chief Reporter For The Daily Mail Published: 21:50 GMT, 23 January 2020 | Updated: 22:18 GMT, 23 January 2020 The City watchdog is facing … Read more
Big banks under threat! Challengers Monzo and Starling begin to win the battle for current account switchers Monzo gained a net 21,500 switchers last summer, data shows Starling Bank is fourth place having gained 7,000 current account customers Signals a shift to customers willing to switch their main account to start-ups By George Nixon For … Read more
Bó to be binned? Future of the £100m RBS challenger to Monzo and Starling in doubt months after launch with boss rumoured to be leaving Bó chief executive Mark Bailie is set to leave in February, reports claim It comes just two months after the challenger bank was launched by RBS Banking giant reportedly spent … Read more
Some Lloyds and Halifax customers could pay interest of 49.9% on their overdrafts as the UK’s biggest current account provider reveals new charges Lloyds Banking Group provides a quarter of UK current accounts It previously charged a tiered rate depending on how much you were borrowing It will charge all but Club Lloyds customers 39.9% … Read more
Saga puts rates up with over 50s now able to earn 1.5% with its one-year fixed saver account By Amelia Murray For The Daily Mail Published: 22:01 GMT, 21 January 2020 | Updated: 23:01 GMT, 21 January 2020 Bucking the trend: Saga has increasedthe interest on its one-year fixed saver from 1.15 per cent to … Read more
Couple who had to find £900 on the day they bought their new home after their Help to Buy Isa was rejected get the money back after we stepped in Amandeep and Joanne Nijjer wrote to This is Money after they forked out £900 This came on the day they were due to move in … Read more
DEALS OF THE WEEK: From free ‘vegan mistery bags’ to 60% discount on ski hire and half-price frying pans By Toby Walne for The Mail on Sunday Published: 22:02 GMT, 18 January 2020 | Updated: 22:02 GMT, 18 January 2020 Get sent a free ‘vegan mystery bag’ of makeup products, or an eye mask to … Read more
How to bolster your savings against an impending rate cut and price rises By Sarah Bridge for The Mail on Sunday Published: 22:01 GMT, 18 January 2020 | Updated: 22:01 GMT, 18 January 2020 Tackling inflation sounds like a job for the Chancellor of the Exchequer rather than the average saver, but people looking to … Read more