Banking

Santander customers with the bank's popular 123 current account will see the interest paid on savings drop to just 0.3% from 12 April. It's the third time the bank has cut the account's rate cut in less than a year and means holders are better off switching.

A landmark class action case against Mastercard, which if successful could see millions of UK consumers potentially receive £100s each in damages, has been given the green light to go ahead.

Barclays is overhauling its monthly Blue Rewards membership scheme in April, which means huge numbers of current account holders who earn £36 a year will instead earn absolutely nothing, while rewards for others will be cut too.

TSB customers have complained that they've been left struggling to pay for food and bills after payments have been wrongly taken twice today (15 March). The bank said it is working to fix the issue, adding that it will refund any duplicate payments taken. 

The NatWest Group is to close 32 of its NatWest and RBS branches across the UK between May and July this year. This is in addition to 5,000 branch closures initiated over the past five years. We have a full list of the sites being shut below and what to do if your local branch is closing.

Masthaven Bank is to stop offering personal savings accounts and home mortgages to both new and existing customers over the next two years, it's been announced today (1 February). The provider plans to completely exit these UK markets by the end of 2023 - though there's no immediate change for savers or borrowers.   

Customers of the majority of the UK's biggest banks and building societies will be able to continue to use Post Office counters for basic banking until at least the end of 2025, as part of a new agreement announced today (Monday 31 January), making life easier for those who rely on cash.

A grandfather of two, who was tricked out of £25,000 by fraudsters purporting to offer NHS Covid passes, has got his life savings back after MoneySavingExpert.com intervened. He's now warning others about the scam to make sure they don't get caught out.   

Lloyds Bank has been ordered by the Financial Ombudsman Service (FOS) to settle a so-called 'Section 75' claim that is almost two-years old after the high-street lender tried to avoid making a payout because the items were bought via PayPal. We have the full details below and what to do if you face similar problems.

Nearly 5,000 bank branches have been closed since 2015 - or are scheduled to be shut - according to data from Which?, leaving millions of people at risk of being cut off from vital banking services.