Savings rates are plunging everywhere
For savers, falling interest rates have been something of the norm in the past year. By and large, this can be attributed to the fact that the Bank of England has held bank rate at 0.1% for some time, giving […]
Bank transfers are changing to combat scams
The six largest banking groups in the UK are rolling out a scheme known as “Confirmation of Payee” by the end of the year. Previously, bank transfer payments will go through as long as you have the account number and […]
RBS and Santander to repay £21m overdraft fees
Up until December last year, banks were supposed to alert their customers if their account went into overdraft so they could do something about it instead of being slapped with fees and charges. Not all banks did, including Santander, Metrobank, […]
The UK could see negative interest rates in future
Negative interest rates are being considered for the first time by the Bank of England – a U-turn from the rate setter’s previous position. Up until a week ago, BoE governor Andrew Bailey was squarely against the move, but according […]