Banking | Banking news, rates and offers

On 10 April the Bank of England announced a 0.25% cut in interest rates. Since that time the current account market has seen plenty of rate changes but some lenders have used the opportunity to tweak their rates by more than the 0.25% cut.

Nationwide Building Society begins the distribution of over 5,000 copies of The Teenager's Guide to Money to secondary schools and colleges across the UK today.

As British banks write off humungous sums related to the American sub-prime mortgage fallout, customers weigh up their banks' abilities to weather the credit turmoil.

The debit card retains its popularity at retailers, with spending rising by 11% last year, according to figures released by APACS, the UK payments association.

The Bank of England has today elected to keep interest rates on hold at 5.00%, in what must have been one of the Bank's closest calls.

New research from the Building Societies Association (BSA), launched at the BSA's Annual Conference, shows that despite the testing market conditions, the majority of building society bosses are optimistic about the year ahead.