The banks giving savers ZERO interest: As the Bank of England says rates may turn negative, there are already hundreds of accounts paying 0.01% Some 214 easy-access accounts pay savers 0.01% and six pay nothing Savings rates have tumbled over the last few months due to coronavirus Average rate has fallen from 0.62% last May … Read more
Two dams burst after several days of rainfall Tuesday forcing the evacuation of around 10,000 people in mid-Michigan, where the governor said one county could be ‘under approximately 9 feet of water’ by Wednesday morning. For the second time in less than 24 hours, families living along two lakes and a river were ordered Tuesday … Read more
Stop blaming the victims of fraud! Banks still failing to help many who lose money in financial scams Some fraudsters are seeking to cash in on the coronavirus crisis Report by payments regulator reveals banks are still too quick to dismiss victims Only £4 in every £10 lost to so-called push payment scams refunded last year … Read more
The great savings squeeze continues: Average one-year fixed rate now pays less than 1% as banks axe deals – will short-term accounts head even lower? The average one-year fixed-rate bond pays 0.99% and Isa 0.91% This is a fall of 0.16 and 0.23 percentage points since March respectively Savings rates have been falling this year … Read more
Banks will next week enter a milestone agreement that will see every blameless fraud victim refunded all of their stolen money. It spells a landmark victory for Money Mail following years of campaigning for those tricked out of life-changing sums. But, today, as figures from consumer lobby group Which? reveal fraudsters are stealing £674 a … Read more
Will the top savings account soon pay less than 1%? Savers at the mercy of inflation as market-leading easy-access rate is slashed from 1.20% to 1.05% RCI Bank – which funds Renault car finance deals – followed Marcus Bank The Goldman Sachs-backed bank cut its easy-access rate to 1.05% on Tuesday Ford Money pulled a … Read more
Will the best savings account soon pay less than 1%? Savers at the mercy of inflation as market-leading easy-access rate is slashed from 1.20% to 1.05% RCI Bank – which funds Renault car finance deals – followed Marcus Bank The Goldman Sachs-backed bank cut its easy-access rate to 1.05% on Tuesday Ford Money pulled a … Read more
There will be many changes for the worse when we finally creep out of lockdown and realise that the economy has gone into shrink mode. There will be fewer jobs to go to and some of the local businesses we once supported – cafes, restaurants, local bookshops – will no longer be there. Gone for … Read more
Banks turn customers away from branches if the visit is not deemed ‘essential’ By Fiona Parker For The Daily Mail Published: 22:01 BST, 12 May 2020 | Updated: 00:15 BST, 13 May 2020 Banks are turning away customers who visit branches without a good reason. Lloyds, Halifax and Bank of Scotland are now providing only … Read more
Normally, Mark spends his working hours sat among hundreds of colleagues in Santander’s busy Glasgow office. But, since lockdown started, he has instead been fielding calls from the bank’s customers at his home, in a makeshift, one-man call centre. The banking giant is receiving an unprecedented number of calls from customers worried about their finances. … Read more