Nationwide will refund £6m to 320,000 customers as punishment for not warning they were about to be charged overdraft fees The Competition and Markets Authority said it had broken a rule 20 times Under the rule customers should be alerted before they are charged for unarranged borrowing – but Nationwide did not tell 320,000 customers … Read more
Principality’s pocket money account pays a top 4% on children’s savings with up to £250 a month that can be paid in By Sylvia Morris For The Daily Mail Published: 22:00 BST, 16 July 2019 | Updated: 09:54 BST, 17 July 2019 A new children’s account with Principality Building Society pays a top 4 per … Read more
Club Lloyds and Bank of Scotland Vantage current account interest shake-up means millions will see rate fall to 1% Those who have signed up for the add-on earn 1.5% on balances up to £5,000 October changes mean those with less than £4,000 will receive 1% Those who have between £4,000 and £5,000 earn 2% on … Read more
What is Beehive Savings? It has one of the sweetest easy-access rates on offer at 1.5%, but is my cash safe? By George Nixon For Thisismoney.co.uk Published: 09:51 GMT, 10 June 2019 | Updated: 10:48 GMT, 10 June 2019 I was looking at your savings tables and saw the best easy-access rates are offered by … Read more
Kent scores a Premium Bond hat-trick as the Garden of England reaps its third £1M jackpot winner in a row Bondholders from Kent and Hertfordshire scoop £1million jackpots The man from Kent had invested just £4,210 while the other had put in max £50k 3.3million winners were announced in June – winning £94.7million By George … Read more
All too easy: The banks are relentlessly pursuing an agenda to take us away from using cash but it doesn’t work for everyone Slowly but surely, like a Number 9 bus, we are moving towards a cashless society where plastic and payment apps rule. Move over bank and building society branches run by tellers with friendly … Read more
‘The only banks left in Hebden Bridge are grass ones down by the river’: The communities in fear of being pushed towards a cashless society Hebden Bridge is a busy market town – but it has no banks Lloyds closed earlier this year at the same time ripping out the last cash machine Banks claim … Read more
The Government raised the annual allowance for youngsters for this new tax year It is a sign of the times that when a new child is born, many parents and grandparents start thinking immediately about how they can help the little one face the big financial challenges that await them. These hurdles may be some … Read more
This tax year, savers have a £20,000 Isa allowance, which can be split between the various Isa types available. You can, however, only open and pay into one of each type of Isa per tax year. In the case of cash Isas this potentially leaves savers short-changed, having to choose between putting money in an … Read more
Savings rates in Britain are frequently disparaged. News of new products or tiny upticks in rates are greeted with cynicism from members of the public despondent about the pitiful returns they receive on hard-earned savings. Yet, it turns out things could actually be much worse. According to pan-European savings platform Raisin, Britain has the fifth … Read more
Top rates on simple easy-access deals accounts are vanishing as the accounts become more popular By Sylvia Morris For The Daily Mail Published: 23:22 GMT, 9 April 2019 | Updated: 09:23 GMT, 10 April 2019 Savers paid £5.4 billion into easy-access accounts in the first two months of 2019 Simple easy-access accounts paying top rates … Read more
Every month more than a million prize-winning Premium Bond numbers are chosen at random and two bond-holders pocket £1m each. Other prizes range from £25 to £100,000. Ernie: The (possibly) fastest random number generator in the West. The numbers, or more accurately strings of numbers and letters of varying lengths, are selected by a machine … Read more