Lloyds is the latest big banking name to hack at its current account interest rate in a move which is sure to irk millions of its customers. From January, it is to halve the interest rate on its Club Lloyds current account from four per cent to two per cent.
Last year I put £10,000 into a 65+ Guaranteed Growth Bond from National Savings & Investments and declared at the time that I was a non-taxpayer. In April this year, I was told my bond had earned £410, but tax of £80 had been deducted. When I rang NS&I; to complain, I was told to claim the money back from Revenue & Customs, which I did. But why was the tax deducted when I had declared I was not a taxpayer?
Savings deals that you MUST ditch right away: Big bank rates set to fall as low as 0.01%... but you can find better
Today, Money Mail names the savings accounts and Isas you need to ditch right now. A string of cuts in the pipeline will see rates on accounts offered by the big banks cut to as little as 0.01%. Better rates - in some cases worth four times as much interest each year - are on offer from other providers.
50 brilliant tips to save you a fortune! Park on a stranger's driveway. Never go into a pound shop. And haggle over absolutely everything
Money Mail was launched 50 years ago today to help families make their cash work harder. To celebrate we've compiled 50 of our favourite tips and tricks to help you save. From parking your car on a stranger's driveway to never going into a pound shop, there's something for everyone, whatever the size of your wallet.
New £5 notes are selling for up to £200 on eBay - check the serial number to see if you have one of the most sought-after notes
The notes, which were released last week, are proving popular with collectors looking on the online marketplace for ones with low serial numbers while they are still in good condition. The first batch from the presses will carry a serial number starting AA01, followed by a six-digit number. The first note is AA01 000001.
Why that 2p in your purse could be worth £1,400: The valuable coins that can turn up in your change... and the red herrings to watch out for
Next time you're given a handful of change in a shop, stop and look before chucking it back in your pocket, purse or a jar. Earlier this year, a 2p coin sold for almost £1,400 at auction because it was silver instead of copper (top left). We reveal other more common coins that could be worth more than you think - which include a 50p coin issued with a picture of the iconic Kew Gardens pagoda (top centre), a £2 coin issued with an image from the 2002 Commonwealth Games (top right), a 50p bearing an image of Peter Rabbit (bottom left), a 2p coin mistakenly saying 'new pence (bottom centre) and a 50p coin issued to mark the European single market (bottom right).
Virgin Money offers 2.5% on its new one-year fixed savings account - but only if Manchester United win the Premier League
The 'Champions Bond' is fixed for one year at 1.25 per cent - or 2.5 per cent if Manchester United wins the 2016/17 Premier League title. Virgin Money, which earlier in the week announced a partnership with the club, is hoping to appeal to fans of one of the most widely supported teams in the world. Manchester United are second favourites to win the league behind fierce rivals Manchester City, according to latest odds from online bookies Betfair.
Although cash Isas don't currently offer fantastic rates, it is still worthwhile opening one to shield money away from the taxman. Our savings correspondent Lee Boyce picks his five favourite cash Isas for savers in 2016 - essential reading to help you choose a top savings account for your money. This page is kept up-to-date throughout the year - bookmark it for the very latest developments.
Inside saving & banking
Premium Bonds winners
|Prize value||Winning bond No.||Area|
|£100,000||138HB024467||Hampshire and Isle of Wight|
|£25,000||86GW534216||Cheshire West and Chester|