Goldman Sachs-backed Marcus Bank has brought back its one-year fixed-rate deal, but the account now pays a lower rate than its easy-access deal. The bank launched a 12-month bond paying 1.45 per cent towards the end of March, expanding its offering beyond its sole easy-access account which at the time was paying 1.3 per cent. … Read more
Cash was used for less than a quarter of all payments last year for the first time ever, new figures show, as people frequently choose debit cards and contactless to make payments instead. The percentage of all payments made using banknotes and coins fell to 23 per cent in 2019, according to trade body UK … Read more
Top fixed rates are disappearing: Average account now pays just 0.3% compared with 0.75% ten years ago By Sylvia Morris For The Daily Mail Published: 22:01 BST, 2 June 2020 | Updated: 23:18 BST, 2 June 2020 Savers are being urged to snap up top one-year fixed rates before they disappear — but you should … Read more
Thousands of us have picked up a surprise savings habit in lockdown, a Money Mail survey reveals today. The coronavirus crisis has inflicted job losses and pay cuts – and still threatens to kill off many struggling businesses. But despite the doom and gloom, many Mail readers have found they are saving hundreds of pounds … Read more
Not a bad coronavirus punt: Saver grabs a 7,000% return after scooping £1m Premium Bonds jackpot from a February 2020 investment A Stoke-on-Trent saver turned a £14,000 investment into the £1m jackpot The visit from Agent Million means they secured a 7,042% return Over the same period putting the money in UK stocks could have … Read more
Last week, a reader of our sister title Money Mail found an old bank book from 1997 with Lloyds TSB, containing a balance of £38.68, which ended up being worth £63 now. This is Money frequently receives emails from readers asking for help tracking down lost or old accounts in the hope of a financial … Read more
One of Britain’s largest cash machine providers is launching a campaign to convince people to continue using cash once coronavirus lockdown ends, saying it wants to dispel ‘fake information’ about banknotes and coins being unsafe. Peter McNamara, founder and chief executive of NoteMachine, which runs 11,000 ATMs, told This is Money that the idea cash … Read more
‘Sorry, we don’t accept cash.’ That is likely to be a familiar phrase repeated by staff members and information posters alike for the rest of 2020 as major retailers begin to reopen on mass in mid-June. Whereas at the turn of the last decade, many local, smaller businesses didn’t accept cards, this has been flipped … Read more
Savers desperate to switch Isa deals lose out to costly delays as banks and building societies cut rates almost daily By Sylvia Morris For The Daily Mail Published: 22:01 BST, 26 May 2020 | Updated: 22:01 BST, 26 May 2020 Savers desperate to move their Isa money to a better-paying account are suffering long delays … Read more
Some TSB customers have complained the bank has left them out of pocket by denying them a £50 cashback bonus they believe they were entitled to, despite appearing to follow the rules of the offer. At the centre of the row is a seemingly innocuous sentence from TSB’s terms and conditions, telling customers they must … Read more