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Banking News

Leeds Building Society announces RDR partnership with L&G

Leeds Building Society is delighted to announce that Legal & General will become the Society's main provider of financial service advice and products when the FSA Retail Distribution Review (RDR) is implemented in January 2013.

Staying loyal to one bank or building society doesn't always pay

Consumers who stay loyal to their bank or building society for all their financial products could be paying around £780 more over a year compared to those who shop around for the best deals, according to analysis by MoneySupermarket.

Society announces next Yorkshire location for new branch

Ilkley will soon see a new addition to its high street after Bradford-based mutual Yorkshire Building Society revealed plans to open a new branch in the town, following previously announced planned openings this summer in Pudsey and Bingley.

Alternatives to bankruptcy

There are a number of reasons why you may find yourself in debt. Whether it is as a result of losing your job, having to unexpectedly fund a major purchase, such as a new boiler, or poor money management skills in the past, the result can be very worrying.

Another big jump in Faster Payments

Britons sent two-thirds more money through Faster Payments in the last three months of 2011 compared to the previous year, according to the Payments Council's latest quarterly statistical report.

All time banking high for customer satisfaction at first direct

first direct has achieved the highest ever score for a bank in a Which? customer satisfaction survey with 93%, beating the nearest rival by 5% and the lowest score by over 100%.

Virgin Money lounge opens in Manchester

Virgin Money has opened its first Lounge in 2012 at 98 King Street in Manchester.

Halifax wins Moneyfacts Best Customer Service Award

Halifax has picked up the big prize at the latest Consumer Moneyfacts Awards after being named Best Customer Service provider at a ceremony at London's HAC.

Tesco Bank's Winter Warmers

Kick-off 2012 on a great financial footing by taking advantage of Tesco Bank's Winter Warmer Deals. With deals on Loans, Credit Cards, Pet and Car Insurance, Tesco Bank hopes to attract new customers and to reward the loyalty of millions of Clubcard customers.

All internet and phone payments to be faster from 2012

Quicker internet and phone banking payments are set to become standard from 1 January 2012, enabling many consumers to pay their tax and credit card bills on a same-day basis for the first time.

HSBC announces great deals for its 2012 annual sale

HSBC's eighth annual sale starts tomorrow with some valuable discounts and enhanced savings rates, including a great switching deal on current accounts offering 6 per cent interest on balances up to £2,500 and a zero per cent overdraft rate, both for 12 months.

Cash is king for Christmas

Having cash in your pocket as Christmas approaches remains a prime concern for people across the UK in these tough economic times.

Green Investment Bank moves a step closer

The establishment of the first Green Investment Bank (GIB) moved a step closer today as Business Secretary Vince Cable published the criteria for deciding where the Bank will be based and what the Bank's first priorities will be until 2016.

Massive cash boost in countdown to Christmas

LINK, the UK cash machine network reported that the value of LINK cash withdrawals during the week ending Sunday 4 December had risen by 11% to £2,592 million (£2.6 billion) when compared to the same week last year.

Northern Rock sale to Virgin Money should shake up high street banking

Today's news that the public owned Northern Rock bank has been sold to Virgin Money should bring more competition to the market, benefiting consumers trying to get the most for their money says uSwitch.com, the independent price comparison and switching service.