Banks

Rewards and interest rates on Lloyds', Halifax's and Bank of Scotland's flagship current accounts could be under threat, after their parent company Lloyds Banking Group said it will conduct a review as a result of "changing market conditions".

Interest rates on two different Santander products have been cut this week as customers continue to wonder whether the bank is preparing to reduce the headline rate on its flagship 123 current account from 3% to 2%.

The Financial Conduct Authority (FCA) has said it plans to push ahead with the introduction of a time-bar on PPI reclaiming, with the cut-off now expected to be in place by June 2019.

The prospect of banks charging personal customers for holding their savings remains unlikely, despite a warning by Royal Bank of Scotland (RBS) and NatWest to business and commercial customers that negative interest rates could become reality.

Plans to give homeowners the option of switching their mortgage provider within just one week are being considered by the Government, as part of an effort to make switching easier for consumers across a range of sectors.

The competition watchdog's set out plans to cap fees for busting your overdraft limit. This should help, but don't wait. Overdrafts are a debt like any other - the key is to cut the rate, repay faster and avoid any penalties.

Millions more people in the UK will now be able to make everyday purchases with a tap of their smartphone following the launch of Android Pay.

The competition watchdog has called for monthly unarranged overdraft fees to be capped as part of its recommendations to overhaul the way banks work.

Beleaguered mortgage applicants are facing yet another hoop to jump through after it was announced that lenders may be forced to put their IQ to the test as part of stricter affordability checks.

A MoneySaver who made the most of banks' hefty switching incentives has told how he netted almost £800 in free cash and vouchers after opening six bank accounts in just over two years. Are you a bigger bank tart – and how do you do it to avoid the pitfalls?