Banking

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.

App-based bank Monzo is introducing new fees for customers who take out cash or order replacement cards from October – though you won't need to pay if you have Monzo Plus or rely on Monzo as your main bank account.

The Money and Mental Health Policy Institute has awarded Lloyds Bank the first-ever 'Mental Health Accessible' accreditation for businesses.

Monzo has topped the latest official banking service league table, narrowly beating Starling Bank, while Tesco Bank took the wooden spoon.

TSB customers have been reporting problems trying to use the bank's online services this week – here's what we know so far.