Engine, the technology Starling Bank was built on, has been busy – and quietly – launching banks around the world, from Australia to Romania. Engine sells its banking technology to start-ups to launch their own digital banks. This clever move means it is expanding in a relatively risk-free way by taking a small stake in … Read more
One-year fixed rate bonds have been a firm favourite among savers for months. But a new sweet spot has emerged, and short-sighted savers could miss out on higher returns if they stick with the ever popular one-year staple. Two-year fixed bonds are the new star of the show, as inflation falls and interest rates are … Read more
Customers who opened HSBC’s one-year Isa say it is fraught with problems The Isa does not appear in online banking and cash transferred does not show The issue affects customers who opened an Isa after April 10. Are you one of them? Email [email protected] By Helen Kirrane Updated: 17:00 BST, 29 April 2024 Customers who … Read more
Step off the train at Cambuslang in South Lanarkshire and you’re greeted by a multi-coloured mural welcoming you to the town. It’s bold and brash, alluding to the area’s coal mining history, its monuments and glorious parks. Cambuslang was once a thriving town, renowned for its steel making and the steel plates integral to ship … Read more
By Sylvia Morris Updated: 22:25 BST, 9 April 2024 I have a feeling that National Savings and Investments (NS&I) is either going to have to increase its Premium Bond prize rate or launch an enticing new product this year to attract savers’ cash. That’s because it has revealed details of its new British Savings Bond, … Read more
Products featured in this article are independently selected by This is Money’s specialist journalists. If you open an account using links which have an asterisk, This is Money will earn an affiliate commission. We do not allow this to affect our editorial independence. This is Money picks our five favourite cash Isas for savers in … Read more
By Richard Browning Updated: 10:07 BST, 1 April 2024 Every month a couple of people bag a million pounds in the Premium Bonds draw but while you’ll have memorised your birthday and probably the date of Christmas and Boxing Day, do you know when Premium Bonds Prize Day falls – the date the winning numbers … Read more
Inflation dropped to 3.4 per cent in the 12 months to February, falling from 4 per cent in the 12 months to January. Economists forecast inflation to fall to 3.5 per cent in the 12 months to February. It’s the lowest inflation in almost two and a half years, and well down from the peak … Read more
The boss of the Financial Conduct Authority has said the regulator would ‘not stand in the way’ of banks opting to charge customers to hold accounts. Many City firms are concerned about spiraling costs in the wake of regulatory changes, which are also forcing some to shift their business models. Nikhil Rathi, the FCA’s chief … Read more
New report shows 80% of 85 to 95-year-olds paid with contactless in 2023 93% of in-store card payments up to £100 were made with contactless in 2023 By Helen Kirrane Updated: 00:01 GMT, 27 February 2024 More over-65s than ever before are using contactless for payments, data suggests. Today, 80 per cent of 85 to 95-year-olds pay … Read more
