Halifax

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".

More than 150,000 Halifax Clarity credit card customers will no longer be able to pocket a £5 monthly reward for using their card. However, new customers applying online can still take advantage of the old offer for a limited time.

The number of current account customers switching banks is on the up, despite the fact that of the UK's 68 million current accounts, fewer than 1% were switched during the opening six months of 2016.

MoneySavers who've racked up £100s by repeatedly switching banks have battled it out for the title of Britain's biggest bank tart – with one couple sharing a whopping £1,565 and another switcher making £845 in the first three months of 2016 alone.

If you're a Barclays, Halifax or Co-operative Bank customer who earns 'rewards' in the form of monthly cash payments on your current account, you may owe tax.

Young savers who open a Halifax Kids' Regular Saver account are no longer able to secure a 6% interest rate following the bank's decision to chop the rate to 4%.

Halifax has cut the interest rate of its Help to Buy ISA from 4% to 2.5% for new customers – but if you already have one, you can breathe a sigh of relief as existing customers won't be affected by the change.

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?

More than a million current accounts were switched to a new bank in 2015, according to new figures published today. But with total switches down 11% compared with 2014, the message is: if you're not gaining from your bank account, switch now.