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Never in my darkest nightmares last spring did I think we would be starting this year in virtual lockdown. Foolishly, I thought coronavirus would have long been overcome and that life would now be pretty much back to normal. How wrong I was. Although the vaccination programme offers a big injection of hope that an … Read more
NS&I boss apologises to savers for poor customer service but warns them to expect long waiting times to continue until spring In a letter to MPs, Ian Ackerley defended NS&I and its performance last year He defended its decision to maintain and then slash savings rates in November It was deluged with £69.4bn from savers … Read more
Where the best savings rates can now be found: As a rise in inflation wipes out returns we round up the top accounts Number of inflation-beating deals has fallen from 703 to 288 This time last year the top easy-access account paid 1.41% – it now pays 0.5% The best rate in our tables is … Read more
For canny savers it pays to go local: Building societies paying up to 1.65% while big banks offer just 0.01% By Sylvia Morris For The Daily Mail Published: 22:01 GMT, 19 January 2021 | Updated: 22:01 GMT, 19 January 2021 Savers can fare much better with local building societies than with the big banks. Building … Read more
The Royal Mint has begun the countdown to the 50th anniversary of ‘D-day’. Not the World War II beach landing, that was in 1944, but ‘decimalisation day’. On 15 February 1971, UK coinage was reorganised into the way we know today, with the old system of 12 pence in a shilling and 20 pence in … Read more
The Royal Mint has begun the countdown to the 50th anniversary of ‘D-day’. Not the World War II beach landing, that was in 1944, but ‘decimalisation day’. On 15 February 1971, UK coinage was reorganised into the way we know today, with the old system of 12 pence in a shilling and 20 pence in … Read more
Santander makes THIRD interest rate cut to its 123 current account in a year with customers soon receiving just 0.3% on balances up to £20,000 This time last year the account paid 1.5% on up to £20,000 and cashback on bills Cashback was capped at £15 a month in May and the rate has been … Read more
Thousands of UK expats living in Europe face having to revamp their finances in the aftermath of Brexit as British banks close their current accounts and European ones hike the cost of sending money overseas. Customers of some of Britain’s biggest banks including Barclays, Lloyds and Nationwide Building Society living in Belgium, Italy, the Netherlands … Read more
Thousands of UK expats living in Europe face having to revamp their finances in the aftermath of Brexit as British banks close their current accounts and European ones hike the cost of sending money overseas. Customers of some of Britain’s biggest banks including Barclays, Lloyds and Nationwide Building Society living in Belgium, Italy, the Netherlands … Read more
The amount of money withdrawn over the Post Office counter last month was the highest it had been in all of 2020, but cash usage continues to lag pre-coronavirus levels. Around £641million was withdrawn by individuals in December, the most since £634million was withdrawn in March, while personal and business withdrawals totalled £664million, data from … Read more