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Banks offering to deliver cash to homes of vulnerable customers unable to go outside because of lockdown By Toby Walne, Financial Mail on Sunday Published: 21:54 GMT, 21 November 2020 | Updated: 21:54 GMT, 21 November 2020 A number of banks are offering to deliver cash to the homes of vulnerable customers who are unable … Read more
A fintech start-up which paid more than 3,000 influencers including Premier League footballers and Love Island stars to promote a debit card it claimed would be ‘one of the world’s most secure’ has been accused by the financial regulator of peddling its products without authorisation. The Financial Conduct Authority issued a warning about Lanistar, which … Read more
Savings wipe out: Just TWO easy-access accounts now beat inflation and those with big banks could be losing £69 a year The Consumer Prices Index rose from 0.5% to 0.7% in October It means the number of inflation-matching deals has fallen to just 220 Easy-access savings accounts are at an all-time low of just 0.22% … Read more
NS&I is today accused of turning its back on millions of older savers as it forces them online while its customer service operation falls apart. National Savings and Investments (NS&I) wants more customers to use its website, and will soon stop sending Premium Bond prizes in the post after more than 60 years. However, the … Read more
Why you must act NOW to lock down a top deal: A one or two-year fixed could help protect your cash from inflation By Sylvia Morris For The Daily Mail Published: 22:01 GMT, 17 November 2020 | Updated: 22:01 GMT, 17 November 2020 Savers are being urged to lock into a top-paying fixed-rate deal now … Read more
Virgin Money has made an ambitious play for a slice of Britain’s current account market, hoping a combination of discounts, freebies and in-credit interest will see it snap up hundreds of thousands of switchers. Those who make the move to Virgin Money’s digital current account, launched last December, can earn themselves 15 bottles of wine … Read more
Rates on savings bonds halve in a year: Savers now get an all-time low of just 0.61% interest on the average one-year deal One-year fixed-rate deals paid 1.28% on average this time last year But they now pay less than half that and the best rate available pays just 1.08% Savings rates have been hit … Read more
Customer service fiasco at National Savings & Insurance rumbles on – seven weeks since we reported it was in meltdown By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:50 GMT, 14 November 2020 | Updated: 23:22 GMT, 14 November 2020 The customer service fiasco at National Savings & Insurance rumbles on – seven weeks … Read more
With interest rates across the market being slashed to near zero, the nation’s savers are urged to embrace providers and companies they may never have considered before. These include Sharia banks, brands they have never heard of and digital banks which should offer better returns from their combined £1.7trillion cash pile. Otherwise, the millions of … Read more
There was a sharp rise in people taking out money from cash machines in the days before England’s second lockdown but withdrawals have slumped since last Thursday, as footfall collapsed after the country was again told to stay at home. The amount of cash withdrawn between Friday and Sunday last weekend, the first one of … Read more