Thousands of customers of M&S Bank will be looking for a new current account in August after the supermarket bank said it was closing its banking services to focus on credit cards and digital payments. The bank, half-owned by the supermarket and HSBC, said a small percentage of its 3million customers will be affected by … Read more
The Treasury’s much anticipated ‘green savings bonds’ could be a major disappointment for rate-starved savers, according to experts. Chancellor Rishi Sunak announced in the Budget that everyday Britons would be able to help fund the country’s green recovery from the pandemic through bonds offered by National Savings & Investments. Details remain thin on the ground … Read more
Campaigners have reacted with dismay to the news the Treasury does not plan to reduce the Lifetime Isa withdrawal penalty for another 12 months. The news means aspiring first-time buyers will again be charged their own money from April to raid their house or retirement deposits if they run into financial difficulty and need to … Read more
The Treasury’s much anticipated ‘green savings bonds’ could be a major disappointment for rate-starved savers, amid projections that they could raise just a few billion pounds. Chancellor Rishi Sunak announced in the Budget that everyday Britons would be able to help fund the country’s green recovery from the pandemic through bonds offered by National Savings … Read more
Contactless shoppers could potentially have to key in their Pin more often to prevent fraud when the tap and pay limit is more than doubled to £100 later in the year. Chancellor Rishi Sunak will announce the contactless limit for credit and debit cards will be increased from £45 in the Budget, to allow retailers … Read more
Would you want your bank to know how many steps you’ve walked today, or whether you got around to going for your weekly jog? You’d probably think it was none of the bank’s business – but what if it was promising you vouchers or cash to reward you for taking a certain number of daily … Read more
NatWest boosts its regular savings account by putting £10,000 into a prize draw By Fiona Parker For The Daily Mail Published: 22:01 GMT, 2 March 2021 | Updated: 22:01 GMT, 2 March 2021 The prize draw is open to savers opening a Digital Regular Saver this month and adding between £1 and £50 in April, … Read more
The Chancellor is aiming to unlock some of the £143billion worth of lockdown savings by Britons to fund the country’s green recovery from the coronavirus pandemic, the Treasury has revealed. Ordinary savers will be able to buy into ‘green savings bonds’ offered through National Savings & investments later this year, according to an announcement released … Read more
Smartphone payment methods like Apple and Google Pay were used for more online purchases last year in Britain than physical debit cards were, a new report suggests. So-called ‘mobile wallet’ payments were used for just under a third of all online transactions in 2020, with debit cards used for 29 per cent, according to payment … Read more
The Chancellor should use next week’s Budget to simplify the Isa system and scrap the trend of having one for ‘almost every day of the week’, savings industry experts have said. Figures including Andy Bell, chief executive of DIY investment platform AJ Bell, and former pensions minister Baroness Altmann, told This is Money the tax-free … Read more