UK Savers Missing Out on £565 Each Year
Millions of UK savers are losing hundreds annually by keeping cash in low-interest accounts. Research shows switching to top easy-access accounts could earn £714 instead of £149.
Category : Banking
RBA Rate Rise Hits Australian Mortgage Holders
The Reserve Bank of Australia has increased the cash rate to 3.85%, impacting household budgets as it combats persistent inflation while home prices continue to rise.
Nationwide Updates on Merger Services and Branch Promise
Nationwide Building Society provides an update on customer services following its Virgin Money takeover, including a wider product range, extended branch promise until 2030, and potential member profit payments.
RBA Rate Hike to Cost Homeowners $1300 in Higher Repayments
The Reserve Bank of Australia is likely to raise interest rates today, potentially costing homeowners around $1300 more in repayments over the next year, as experts warn of inflationary pressures.
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Bank of England Rate Freeze: Blow for Borrowers
The Bank of England is expected to keep interest rates at 3.75% this week, disappointing millions of mortgage holders. Inflation has risen to 3.4%, delaying potential cuts.
Bank of England Rate Decision: Key Factors and 2026 Outlook
As the Bank of England's Monetary Policy Committee prepares for its February meeting, experts weigh the likelihood of further interest rate cuts amid persistent inflation and economic uncertainty.
19 Bank Branches Closing in February 2026: Lloyds, Halifax
Lloyds, Halifax, and Bank of Scotland are closing 19 branches in February 2026, citing increased online banking usage. Charities warn vulnerable customers are at risk.
Bank of England to Hold Interest Rates at 3.75% in 2026
The Bank of England's Monetary Policy Committee is widely anticipated to maintain interest rates at 3.75% this week, following an unexpected rise in inflation to 3.4% in December.
Nationwide's April Restructure & Member Rewards
Nationwide Building Society confirms its structural changes with Virgin Money integration by April 2026, while continuing member rewards and branch commitments.
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UK Banks Paying £250 For Switching Accounts In 2026
Financial expert Vicky Parry explains how UK banks are offering cash incentives up to £250 for switching current accounts, detailing the pros, cons, and practical steps for consumers.
Trump Nominates Kevin Warsh as New Fed Chair
Donald Trump has nominated former Fed governor Kevin Warsh to replace Jerome Powell as Federal Reserve chair, seeking a more compliant central bank leader amid ongoing tensions over monetary policy independence.
TSB £255 Bank Switch Deal: What You Need to Know
TSB is offering new customers up to £255 in cash, cashback and vouchers for switching to their Spend & Save account. The deal includes £150 upfront cash, monthly rewards and an Amazon voucher.
Auto-Enrolment Payroll Savings Proposed to Address UK Crisis
A banking expert has told MPs that auto-enrolment payroll savings could transform Britain's savings crisis, as new ISA rules and tax changes loom for 2027.
NatWest Confirms 32 More UK Bank Branch Closures
NatWest has confirmed plans to close 32 additional branches nationwide, citing shifting customer demand toward online banking. The closures affect locations from London to Halifax.
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Kevin Warsh Named Youngest Federal Reserve Chair by Trump
President Donald Trump has announced Kevin Warsh as the next chair of the Federal Reserve, succeeding Jerome Powell. At 35, Warsh becomes the youngest person ever to hold this pivotal economic role.
Santander UK Names New CEO from Parent Bank
Mahesh Aditya, currently group chief risk officer at Banco Santander, will become chief executive of Santander UK on March 1, replacing Mike Regnier as the bank prepares to integrate TSB following a £2.65 billion acquisition deal.
Trump's Fed Chair Pick Amid Rate Cut Feud and Market Moves
Donald Trump is set to announce his nominee for US Federal Reserve chair, with speculation favouring Kevin Warsh, as tensions over interest rate policy and institutional independence intensify.
Santander Names New UK Chief from Spanish Parent
Mahesh Aditya, currently group chief risk officer at Banco Santander, will become chief executive of Santander UK on March 1, replacing Mike Regnier as the bank prepares to integrate TSB following a £2.65 billion acquisition deal.
Trump to Nominate Kevin Warsh as Fed Chair
Donald Trump is reportedly preparing to nominate former Federal Reserve governor Kevin Warsh as the next chair of the US central bank, a move seen as an attempt to influence monetary policy.
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Ford and GM Launch Auto Banks: Impact on Car Loans
Ford and General Motors receive conditional FDIC approval to operate their own banks, potentially reshaping auto financing amid rising vehicle prices and longer loan terms.
Five Bankers' Convictions Referred to Appeals Court
The Criminal Cases Review Commission has referred five former bankers' rate-rigging convictions to the Court of Appeal following landmark Supreme Court rulings.
250th Banking Hub Announced as Santander Confirms Closures
Cash access body Link has recommended four new banking hubs, bringing its total recommendations to 250, as Santander confirms plans to close 44 branches across the UK.
Lloyds CEO: Bankers Must Reskill for AI Revolution
Lloyds Banking Group CEO Charlie Nunn warns AI will radically change customer experience in finance, requiring staff to reskill while acknowledging potential job reductions in some areas.
Nationwide Wins Banking Switch Race, Santander Loses Accounts
Nationwide leads current account switches with 41,450 new customers, while Santander loses nearly 20,000. Over a million switched in 2025, driven by cash incentives and competitive offers.
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Santander Closes 44 UK Branches, 300 Jobs at Risk
Santander UK is closing 44 branches, risking nearly 300 jobs, as it prepares for a £2.6bn takeover of TSB, citing a shift to digital banking and regulatory delays.
250th Banking Hub Announced as Santander Closes 44 Branches
Cash access body Link has confirmed four new banking hub recommendations, bringing its total to 250, as Santander announces 44 branch closures across the UK.
Lloyds Profits Surge Despite Car Finance Compensation Costs
Lloyds Banking Group has announced a 12% increase in pre-tax profits to £6.66 billion for 2025, despite setting aside £968 million for remediation costs, primarily for mis-sold car finance compensation.
Santander to Close 44 Branches, 291 Jobs at Risk
Santander confirms 44 more UK bank branch closures, putting 291 jobs at risk, as digital banking now accounts for 96% of all transactions.
Santander Closes 44 Branches, 291 Jobs at Risk
Santander announces closure of 44 UK bank branches, putting 291 jobs at risk, as digital banking shift accelerates. The move follows last year's 95 branch closures.
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Lloyds Profits Jump 12% Despite Motor Finance Hit
Lloyds Banking Group has announced a 12% rise in annual pre-tax profits to £6.66 billion for 2025, overcoming significant motor finance compensation costs of nearly £1 billion.
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