Banking

Two MoneySavers who were tricked into transferring £10,000s to fraudsters were wrongly refused refunds – despite their banks being signed up to a new code designed to protect customers from 'authorised push payment' scams. 

Lloyds and Bank of Scotland will be cutting the interest paid on balances of up to £4,000 on their Club Lloyds and Vantage accounts from this autumn – but as the rates can be beaten elsewhere, if you only have the accounts for the interest you could earn more by ditching and switching.

Financial app Moneybox has launched a cash Lifetime ISA with a market-leading rate of 1.4%.

TSB has cut the interest on its Classic Plus current account from 5% to 3% from today.

With free cash machines disappearing, there's a handy tool to let you find nearby ATMs where you can withdraw cash for free – and it'll now also show you thousands of Post Office branches where you can take cash out over the counter.

Clydesdale and Yorkshire Banks, as well as app-based bank B, will all be rebranded as Virgin Money by the end of 2021.

Coventry Building Society is to withdraw debit cards from more than 30,000 customers using its MoneyManager savings accounts in September – and some will also lose overdraft facilities.

Fixed daily and monthly overdraft fees will be banned and replaced with a single interest rate from next April, the financial regulator has announced. 

Fewer than five fake polymer £5 and £10 notes are being reported to the Bank of England each month, MoneySavingExpert.com can reveal – a massive reduction on the 1,000+ counterfeit notes spotted each month when the notes were still paper.

App-based bank Monzo is investigating a problem which is delaying bank transfers, or causing them to fail.