Banking

An influential group of MPs has launched an inquiry into IT failures at financial institutions, after a series of major outages this year at several different banks.

Scammers are telling university students they are due tax refunds in an attempt to steal their money and personal details, HM Revenue & Customs has warned.

Treasury Committee chair Nicky Morgan MP explains what the committee's inquiry into consumers' access to financial services will look at. Views do not necessarily reflect those of MoneySavingExpert.com.

Thousands of NS&I customers are facing delays in withdrawing money from their accounts this week – and others calling up about their accounts are finding call centre staff can't access their details. 

Tesco Bank has apologised to customers after payments made today have been delayed.

Most people will pay less income tax from next April after the personal allowance and higher rate tax thresholds were both increased in the Budget – but higher earners will see part of the gain cancelled out by stealth rises to national insurance. 

The Royal Mint will produce a 50p coin to mark the UK leaving the European Union, which will be available from spring 2019. 

Nottingham Building Society has launched a new market-leading online easy-access savings account, paying 1.55% interest on £1,000 or more. 

People struggling with serious debt are set to be given a longer grace period of 60 days before being hit with further interest, charges and enforcement action, the Treasury has announced.

The Royal Bank of Scotland has unveiled the design of its first £20 polymer note, featuring the image of Scottish entrepreneur Kate Cranston.