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News
Savers in bank deposits are not sharing in higher rates
7+ hour, 49+ min ago (628+ words) Despite the Reserve Bank wanting them to, banks are not raising their term deposit rates. At least, not significantly. On Monday Kiwibank raised its six month and one year rates by five basis points (bps). Tiny occasional shifts are the…...
Lloyds to pay £829 to certain customers
12+ hour ago (183+ words) Liverpool Echo Lloyds Banking Group will compensate customers an average of £829 each over mis-sold car finance deals The bank has agreed to participate in the Financial Conduct Authority's redress scheme after initially considering a legal challenge Over 12 million UK…...
Red C Poll: Almost half of public will put their savings into the new investment accounts
21+ hour, 11+ min ago (64+ words) Business Post Red C Poll: Almost half of public will put their savings into the new investment accounts BNY Ireland’s boss pitches retail money for national infrastructure Billionaire Maurice Regan’s Tipperary haybarn plans appealed by neighbours over fire fears Christine…...
Savings warning for households as cash languishes in 1.2% accounts
13+ hour, 29+ min ago (321+ words) Savers are being urged to check whether their savings are losing out of an interest rate boost. Recent research on Bank of England data from Lightyear found that £1.2 trillion is sitting in bank accounts with a weighted average interest rate…...
Coventry Building Society confirms 'fantastic' change for customers with savings
5+ day, 21+ hour ago (361+ words) Building Society has launched a new savings account with a "competitive" interest rate and an "enticing" monthly prize draw attached. A major UK building society has launched a "competitive" deal for savers - with monthly cash prizes up for grabs. Coventry…...
Barclays confirms big change coming for banking app users
22+ hour, 34+ min ago (324+ words) Barclays has issued a statement over changes affecting all mobile app users. A customer had a question for Barclays, which has branches in Birmingham, after they had noticed the changes. The bank is making several changes to the layout of…...
The choice is yours... all the cash at once OR a monthly cash bonus!
22+ hour, 44+ min ago (15+ words) ITVX...
Barclays confirms major change coming for banking app users
15+ hour, 47+ min ago (334+ words) Barclays is rolling out a phased update to its mobile banking app, bringing new features and an improved experience for customers Barclays has released a statement regarding changes that will affect all mobile app users. A customer raised a query…...
£1m of 'unidentified savings' yet to be found in Tamworth
2+ day, 20+ hour ago (366+ words) The leader of Tamworth Borough Council has confirmed that no savings have been achieved despite proposing £1m in money saving measures earlier this year. The authority's budget passed in February this year with warnings cuts were needed from next year. In…...
Your Savings Account Is Lying to You.
1+ day, 12+ hour ago (36+ words) The number on your bank statement is going up. The actual value of your money is going down. Here is the math nobody explains clearly. Open your banking app …...