Interest

There's a credit card punch-up going on. In the last eight weeks, 10 new table-topping balance transfers have launched. We've covered the key blows in this email, but now I want to calmly take you through step-by-step how to use this price war to save large, like Jill:

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.

- 95% of people won't pay tax on savings interest from 6 April

Banks will soon be forced to give savers clearer information about easy access savings account interest rates – something MoneySavingExpert.com has argued for for years – after the financial regulator approved a package of measures to be introduced in December 2016.

Over 10 million Barclaycard credit card customers will have their interest rates linked to the Bank of England base rate from February next year, while the same is also happening for some Lloyds Banking Group customers.

Almost 4,000 borrowers are due a share of £1.7 million after CashEuroNet UK LLC, trading as QuickQuid and Pounds to Pocket, lent some customers more than they could afford to repay.

Tens of thousands of Erudio customers will begin to have interest applied to their loans after it was initially frozen last year following an investigation into historic paperwork issues.

Interest rates could begin to rise from their historic lows at the turn of this year, the Bank of England Governor predicts.