Banking

HSBC has raised fresh fears that it could be about to slash the interest rate on its regular savings account after accidentally sending emails to customers showing a reduced rate of just 1%, MoneySavingExpert.com can reveal.

M&S Bank is soon to close its 2.75% AER regular savings account to new customers – and it's possible its sister banks HSBC and First Direct could follow suit. Yet if you have a current account with one of these banks already, there's still time to open a regular saver and lock in the 2.75% rate for a year.

A MoneySaving couple have made £1,000 by switching banks seven times after following the tips in our weekly email – and they've used the cash to help spruce up their new garden.

Virgin Money has launched an unusual bank-switching incentive, offering new customers who switch to its current account a free case of 15 bottles of wine from Virgin Wines – but how does it compare?

Santander will cut the interest rate on its popular 123 account again in August to 0.6%, MoneySavingExpert.com can reveal. This comes on top of a rate cut in May from 1.5% to 1% and should act as a clarion call for anyone still with the 123 account to switch to better payers – and there are still a few out there.

App-based bank Monzo has launched a packaged account – 'Monzo Premium' – with a £15 monthly fee. It offers new features including travel and mobile phone insurance and a metal card – but is it worth it?

Thousands of Brits living abroad in Europe are being told their UK bank accounts or credit cards will be closed by the end of the year as a result of Brexit. We've full help below on what you can try if your account's being closed, plus the latest on what all the major banks are doing.

TSB will no longer pay any interest on its Classic Plus current account from December.

Challenger bank Tandem will be closing its credit card range later this year. 

RBS is offering £100 to new and existing customers who switch to its Select, Reward or Premier current accounts – the second big bank switching bribe to launch in recent weeks.