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Play the current account rate game to maximise the return on savings

Following the figures released from the Payments Council, reporting a 14 per cent increase in the number of people who have switched current accounts in the last six months, MoneySuperMarket has analysed the best deals on the market.

UK workers lose £2.1 billion each year through unpaid business expenses

The process of claiming expenses is costing employees £45 a year owing to interest charges while waiting to be reimbursed by their employer. With 46 million people employed in the UK, a collective £2.1 billion is lost by workers every year.

Planning to go abroad this Easter? Make sure you don’t pay over the odds

As many holidaymakers get ready to jet off on their Easter holidays this year, Mark Bodega, director at HiFX gives his top tips to avoid paying over the odds:

From one dollar to a cargo ship

Although it is usual for HSBC’s personal account customers to use foreign exchange transfer services to send money home, pay education fees or fund overseas property, they have used the service to buy items including a cargo ship and a wine cellar (without the wine).

Young people no longer regard cheques as important

When choosing a current account provider, young people are unlikely to regard the provision of a cheque book as important.

Mobile payments service ‘Paym’ to launch this month

From the 29th of April 2014 consumers will be able to use their mobile phones to make bank payments via the new Paym service.

M&S Bank launches exclusive travel money rates for card holders

M&S Bank has introduced exclusive card holder rates across all currencies purchased from M&S Travel Money.

Bank customers getting a raw deal when transferring money overseas

New research from Andrew Hagger of Moneycomms reveals that high street bank customers are paying a heavy price when it comes to sending foreign payments overseas.

New £1 coin announced

New £1 coin announced

The new £1 coin will have the same shape as the 12-sided three pence piece or ‘threepenny bit’.

Millions back in consumers’ pockets following banks’ error

Citizens Advice says the £149 million going back to consumers sends a strong message to firms to stick to the rules.

Three quarters of new businesses now started at home with women leading the way

According to a new study, “The Home Business Insight Report” (compiled by AXA Business Insurance and small business network, Enterprise Nation), home based businesses are an increasing benefit to the improving state of the UK economy.

5% interest from the bank account that's not like other bank accounts

TSB has announced the launch of its new Plus bank account. The account, which will be available to customers at the end of March, offers a market leading 5% credit interest without all of that usual funny stuff.

New Nationwide website designed around the needs of its customers

Nationwide Building Society has unveiled its new website, which is designed to be fully responsive and automatically re-size to the device it is being viewed on, including computers, tablets and smartphones. Watch the video to see the new site in action.

Historical context of bank rate at 0.5% for 5 years

Ray Boulger, of independent mortgage adviser John Charcol, comments on today’s statement from the MPC and the mortgage market.

Half of customers who pay bank charges end up in unauthorised overdraft

Of the more than one in four people (28.6%) who paid bank charges last year, over half (55.9%) ended up in an unauthorised overdraft as a result, according to thinkmoney.