Banking
Cash ISAs lead the way in record April savings inflow
The highest ever monthly inflow to building society cash ISA accounts contributed to a record April savings inflow for societies of £1.8 billion, according to the Buildings Societies Association (BSA).
Faster Payments Service debut payments pass £200 million mark
APACS has announced the volume and value figures for the first three days' operation of the new Faster Payments Service, launched on Tuesday 27th May.
Halifax increases rate on Fixed Rate Web Saver Account
Halifax International has increased the interest rate on the two year and three year terms of its Fixed Rate Web Saver Account, with immediate effect.
Don't be a victim - protect your identity
Whether your house is burgled or your bag is stolen from a bar, being a victim of crime is a trauma. Increasingly it can also become an experience that casts a shadow into the future, with the criminal typically targeting identity documents as well as watches, jewellery and electronic equipment.
MoneyExpert.com: Barclays current account changes
Sean Gardner, founder of MoneyExpert.com, said: "Reducing a £35 fee to a £22 fee is a welcome but hardly earth-shattering move by Barclays, particularly if you can still theoretically incur multiple fees over a short period of time.
Lloyds TSB responds to Barclays' overdraft changes
In November 2007, Lloyds TSB was the first high street bank to overhaul its approach to overdrafts with the focus on helping customers keep on top of their finances and avoid slipping into the red.
M&S introducing euro and dollar cash machines in 40 stores
Commenting on M&S introducing euro and dollar cash machines in 40 stores, Steve Willey, head of travel money at price comparison site moneysupermarket.com, said: "This is a good move by M&S which brings great convenience to its customer base as the summer holiday season approaches.
Barclays current account overhaul
Kevin Mountford, head of current accounts at price comparison site moneysupermarket.com, said: "Barclays says its new current account will cause a stampede of applications, but it's far more likely to be nothing more than a damp squib.
FSA considers poor service league table for banks
Commenting on the FSA considering producing a poor service league table on banks, Kevin Mountford, head of current accounts at price comparison site moneysupermarket.com, said: "Customer service is an important factor for consumers choosing a financial product and, in particular, a bank account.
Barclays to make banking simpler and clearer
Barclays is responding to customer feedback by overhauling its current account offering, replacing the unauthorised overdraft with a fundamentally new approach to overdrawn accounts, which significantly reduces the charges for customers who go beyond their agreed overdraft limit.
Euro & Dollar cash machines now at M&S stores
M&S Money is making it even easier for holiday makers to get their travel money this summer with the launch of cash machines which dispense both euros and dollars in 40 M&S stores.
Customers split as OFT case goes into extra time
Nearly one in three customers would prefer banks continuing to impose unauthorised overdraft charges of up to £30 a time if it means that current accounts remain free, new research for MoneyExpert.com shows.
Mind your own business
Over one million small businesses are shunning specialist accounts in favour of retail accounts, which typically offer better rates on balances and overdrafts and don't have transaction fees.
Faster Payments Service now live
Payments industry marks opening of new service with £10,000 donation to Myanmar (Burma) Cyclone Appeal.
Desire for financial independence is increasing by generation
The traditional role of the ‘male breadwinner' is losing relevance to today's society, according to new research from private bank Cater Allen. Women in particular believe that men no longer need to be the ‘sole wage earner', and are becoming more eager for self-sufficiency.