Savers missing out on a £1bn interest a year by leaving cash languishing in current accounts The amount in bank accounts soared by nearly 30% over the past year ‘Accidental savers’ have benefited from spending far less during the pandemic Rates have plummeted in the past year since the base rate was set at 0.1% … Read more
Money is said to make the world go around. And all over the globe you’ll find a fascinating mix of theories on how best to manage your cash. From ‘kitty parties’ hosted by Indian housewives to mindful budgeting in Japan, here Money Mail explains the different money-management methods millions swear by… Thrifty planet: All over … Read more
Lucky Premium Bond holder scoops £1m jackpot in only the second draw joining an exclusive group of quick winners in the process… Bonds must be held for a full month after purchase before entering the draw Surrey saver became just the 21st to win £1m inside the first two months One saver last July won … Read more
Proof a cash machine can help boost businesses: In one community, a brand new free-to-use ATM was installed last month – and shopkeepers say it’s already boosted local trade Thanks to requests from local firms and residents along Bishopthorpe Road, a high street just outside York’s city walls, a new cash machine was installed Since … Read more
Queues outside a TSB branch in Motherwell, North Lanarkshire, in early April Britons have had to queue at their local bank for up to an hour with death certificate papers and to pay in coins as reduced opening hours – thanks to the pandemic – combined with an exodus of branches cause havoc in some … Read more
The banking arm of Britain’s second-largest supermarket chain delivered a rotten set of results on Wednesday as it revealed a £48million profit in 2019-20 turned into a loss of £21million. In an announcement which contained a basketful of bad news, Sainsbury’s Bank revealed its income fell 23 per cent to £341million, deposits fell 19 per … Read more
The number of people swapping current accounts between January and March using the official service fell more than a quarter on the previous three months, data shows. In that previous three month stretch, switchers were largely lured in by a cash carrot offered by one of Britain’s biggest banks, Lloyds, which gobbled up the most customers … Read more
The Royal Mint has unveiled the largest ever coin in its 1,135-year history, a gold-plated piece with a hefty weight and an even heftier price tag. The £10,000 gold proof coin is a commemorative piece of work weighing a whopping 10kg, 1,250 times the weight of a standard 50p piece, with a diameter of 20cm. … Read more
The Royal Mint has unveiled the largest ever coin in its 1,135-year history, a gold-plated piece with a hefty weight and an even heftier price tag. The £10,000 gold proof coin is a commemorative piece of work weighing a whopping 10kg, 1,250 times the weight of a standard 50p piece, with a diameter of 20cm. … Read more
The big banks had all deserted the Essex market town of Rochford, with Barclays the last to shut in 2017. It was not thought cost-effective to keep full-time branches open in the town, which dates from medieval times and now has a population of 8,400. From then on, cash could only be withdrawn from two … Read more