Halifax and Santander win waves of new current account customers while Barclays is clearest loser, switching data shows

Halifax and Santander win current account customers while Barclays is the loser

There was a seven per cent increase in the number of people choosing to switch current account in the last 12 months, according to data published today. Two banks have been clear winners of the switching rules put in place in September 2013 - Halifax and Santander.

Paragon Bank fires to top of best buy tables after upping rate on two of its fixed-rate savings accounts

New challenger bank Paragon has fired to the top of the independent This is Money savings tables after upping the rate on two of its fixed-rate offerings.

Saver wins compensation from a building society after it fails to inform them of a rate cut - can you?

BJT83G Hand fan of £20 banknotes

A report by the financial ombudsman, revealed that the building society had not told their customer of the change in rate because it deemed the cut to be small.

Give the boot to last year's top cash Isa deals as bonuses disappear and banks and building societies chop rates 

broken piggy bank showing coins coming out of he  piggy bank

Just 12 months ago, leading deals paid as much as 1.65 per cent. But some came with a bonus, which will now disappear - 130 Isa rates have been chopped since the start of the year.

Lloyds TSB told me I needed a packaged account to get a chip and pin card which I've found is untrue - can I claim fees back?

Lloyds TSB mis-sold me a packaged current account in 2009 - can I claim the fees back?

I was told that in order to get a chip and pin card I would have to pay £9.95 with a silver current account at Lloyds TSB. I found out this isn't the case. The account also had perks I didn't know about, including insurance I could never possibly have taken advantage of. Can I claim monthly fees back?

RBS and Natwest are latest banks to axe reward card deal after EU ruling

epa03932287 Pedestrians queue at an ATM machine at a branch of the Royal Bank of Scotland in the City of London, Britain, 01 November 2013. According to media reports on 01 November 2013, Britain's Royal Bank of Scotland said it would create an 'internal bad bank' to manage 38 billion pounds (61 billion dollars) of its riskiest assets, avoiding a split into two so-called good and bad banks.  EPA/FACUNDO ARRIZABALAGA

The banks are to stop their YourPoints scheme from July 1. RBS said it had been forced to cut the scheme as a result of the EU ruling in March.

Savers urged to act fast if they want best buy deals as some vanish within days - including top cash Isa from Skipton BS

Pink piggy bank with pound coins.


Earlier this month, Skipton BS withdrew its 1.5% online bonus cash Isa after barely ten days. It replaced this with a new one paying 1.6% - which closed yesterday after a similarly short spell.

Metro Bank aims to create extra 3,300 jobs by 2020 - we visit its 'university' to unlock the secret to its customer service success

Behind the scenes at Metro Bank university which trains staff

Metro Bank plans to create an extra 3,300 jobs by the end of the decade, it boldly announced last week amid a visit to its Kingston-upon-Thames branch by Chancellor George Osborne. On the same day as the Chancellor visited, This is Money went behind the scenes at its Fulham Broadway store. Buried underneath is its 'university' - study rooms in which staff are encouraged to continue progressing through the company.

Barclays unveils Blue Rewards current account add-on offering £12 monthly bonus to take on cashback rivals

Barclays has exclusively unveiled details of its new current account add-on which comes with a monthly loyalty reward and cashback on a variety of shops.

The best and worst overdrafts revealed: As Co-op Bank improves its offering for customers in the red, how does it compare?

FILE - NOVEMBER 22: An Inquiry Into The Co-op Bank Is Expected To Be Announced Today CREWE, UNITED KINGDOM - NOVEMBER 04:  A general view of the Crewe branch of the  Co-operative Bank on November 4, 2013 in Crewe, United Kingdom. The Co-operative Bank has announced plans to cut its network of branches by at least 15% by the end of 2014 as part of the company's rescue plan.  (Photo by Christopher Furlong/Getty Images)

A simpler charging structure and a reduction of fees, including the abolition of the unpaid item fee, will help customers who occasionally use an informal overdraft.

How a sinister new twist on those phone call scams cost small hair salon owner Jenny £4,000

St Neots, UK, 10/04/2015, Picture by Georgie Gillard
Pictured: Jenny Tofts, 36 from St Neots
Jenny runs Affinity Salon in St. Neots, Cambridgeshire. She was defrauded out of £4,000 from her business bank account and they are now refusing to help her recover her money.

The owner of a small hair salon has been duped out of £4,000 after being tricked into believing that bailiffs were about to burst into her business.

Shawbrook Bank launches new best buy one year fixed-rate cash Isa - but longer term deals axed by other providers

Savers with up to £1m in their account to be protected under the compensation scheme for up to six months

Man counting pound coins
rights managed

New rules to come into force on July 2 will give savers extra cover under the Financial Services Compensation Scheme if they have a large amount in their account for up to six months.

Half now use current account as a home for their savings in bid to beat lousy rates offered via traditional accounts

There has been a notable shift in the way savers are putting away money for a rainy day according to new research from comparison website Moneysupermarket.

Tables: Best cash isas
Chosen by This is Money
Blue World Map Credit Card
Provider Rate
West Bromwich BS 1.55% More
Skipton BS 1.50% More
Santander Direct 1.50% More
NS&I; Isa 1.50% More
Post Office Online 1.41% More

Premium Bonds winners

April 2015
Prize value Winning bond No. Area
£1,000,000 55DM417553 Wiltshire
£1,000,000 115SG511998 Suffolk
£100,000 80MH293690 Devon
£100,000 5ZX425829 Devon
£100,000 2VQ611480 Surrey
£100,000 231CK511061 Birmingham
£50,000 53KX083995 Nottinghamshire
£50,000 35VF197037 West Midlands
£50,000 240RM142522 West Midlands
£50,000 185NT214902 Birmingham
£50,000 168WQ372604 South Gloucestershire
More Premium Bonds winners
Best Current accounts
Chosen by This is Money
Blue World Map Credit Card
Provider Incentive
M&S; Bank £100 voucher More
The Co-op Cashback More
Nationwide Travel cover More
Santander 3% cashback More
Halifax £5 a month More

LEE BOYCE: It's all quiet on the savings front - but how else can banks and building societies offer juicy rates with current accounts?

Savings rates are falling but how else would banks offer juicy current account interest?

The number of exciting savings accounts being launched at the moment is non-existent largely because banks are interested in attracting current account customers instead. There has been a lack of cash Isa rabbits being pulled out of the hat - but why would providers who can offer juicy in-credit rates on current accounts now bother?

Nationwide's new cash Isa pays 2% - but it's a regular saver that will accept a maximum of £1,270 a month...

Sticking away £1,270 each month adds up to £15,240 after a year - the 2015/16 Isa allowance.

West Brom BS goes to top of cash Isa league after boosting online account rate to 1.55% - and it accepts transfers in

The drawback is that it is not an outright easy-access Isa as it only allows three withdrawals per year. Further withdrawals are permitted, but it results in the rate sliding to a puny 0.75%.

Two-year fixed savings account from Access Bank is offering best-buy 2.38% - but is it a safe place for my cash?

Sensible Savings from Access Bank UK are currently offering 2.38 per cent rate for a two-year bond - but is it a safe place for me to put my money?

Could Halifax Reward current account customers see their savings tax Budget giveaway snaffled by their bank?

If savings tax is no longer due, surely the amount being used to pay it should go back to the saver? Not necessarily.

'We won £300,000 in our bank's Superdraw': Do you feel lucky...? Then it's time to 'play' a raft of accounts where you can scoop big prizes - but without the risk

Spurred on by the popularity of Premium Bonds, financial institutions are offering cash prizes. Raymond and Catherine Sutton are among the winners.

Nationwide Building Society cuts rates for loyal savers as the new tax year kicks off

The interest paid to savers who've been with the society for 15 years on the closed easy-access Loyalty Saver account is now 0.96 per cent after tax.

140,000 loyal NatWest and RBS customers with 'legacy' current accounts forced into new deal which comes with overdraft fee

Thousands of NatWest and RBS customers who have banked with the pair for decades are being shunted into a current account which charges more for overdraft usage.

The regular savings trick that can cut your tax bill from next April with accounts offering up to 6% a month in interest

If you start a regular savings plan at the start of the next tax year on April 6, you won't see any interest for a year - by which time, it could all be tax-free.

Savers left earning a paltry 1% as cash Isa washout continues into new tax year

A new tax year usually heralds a burst of generous offers for savers eager to exploit new tax-free Isa allowances - but this April is fast turning into a washout.

HSBC and Santander among those offering exclusive Isas to customers holding current accounts with them - but does loyalty pay?

There is less than week to make the most of the tax-free £15,000 allowance and the current crop of offers are hardly probing savers into action. We take a look at the top loyalty Isas available.

Paragon Bank fires to top of best buy tables after upping rate on two of its fixed-rate savings accounts

Paragon Bank fires to top of best buy tables after upping rate on two of its fixed-rate

New challenger bank Paragon has fired to the top of the independent This is Money savings tables after upping the rate on two of its fixed-rate offerings. Paragon Bank, which launched in February last year, has boosted the rate on its three-year fix to 2.5 per cent.

Shawbrook Bank launches new best buy one year fixed-rate cash Isa - but longer term deals axed by other providers


More must reads...

I've told Halifax I make regular money transfers to my son in Ireland - so why won't it stop blocking them as 'suspicious'?

I make two payments every month to Ireland - one to my son and one to his landlord. However, Halifax keep flagging them up as suspicious meaning I have to call up each time. Why?

ASK TONY: 'Police fraud team' phoned and told me someone had taken £1,400 from my savings account

I had a phone call from a man claiming to be from a police fraud team. He told me that ­someone in London had taken £1,400 from my savings account.

ASK TONY: I transferred £1,300, but Santander lost my cash - how can I get it back?

I asked to transfer £1,300 from my Santander Isa leaving a balance of £10,000 - but instead the cashier transferred the whole amount and closed my account.

Nationwide removed my cash Isa savings rate guarantee when I was transferred over from Cheshire - what can I do?

I opened a cash Isa account in 1999 with Cheshire BS. The savings rate was always linked to Cheshire's standard variable mortgage rate. Now Nationwide have removed it.

How to start saving or investing into an Isa - the essential guide to a tax-friendly pot

Cash Isas: The new financial year starts on 6 April

How to save safely with banks and building societies: savings compensation rules


We explain the rules on savings compensation, updated as they change, and how to keep your money safe by not putting too much savings with one bank

Savings compensation - who owns my bank? A comprehensive list of bank ownership and licences

Protected against a bust: Make sure your savings are safe by not putting more than £85,000 into each authorised bank

The way you spread out your savings with banks is crucial in terms of protection and compensation. We show you how to get protected.

How to get a better deal from your bank

Directions: Which way to turn to get the best deal from your bank

This week, the Independent Commission on Banking told how consumers get poor value from their bank. Yet we move our current account just once every 26 years. We tell you how to get a better deal.

Our savings picks: This is Money's five favourite best buy cash Isas for 2014

"No smoking" sign on a wall --- Image by © Christopher Stevenson/Corbis

We pick our five favourite cash Isas for savers. This is essential Isa reading and is kept up-to-date throughout the year

Types of savings account

A saver dropping a pound coin into a piggy bank

Guide: The array of deposit accounts can be confusing. We explain them all and reveal the best and safest rates and accounts

Latest reports from Experts