Concerns over the future of the Co-operative Bank have been raised today, but savers remain protected up to the £85,000 compensation limit, whatever happens to the firm.
Just over one million Cheshire, Derbyshire and Dunfermline customers are to be moved to Nationwide, after the building society announced plans to scrap the three brands.
Banks should be forced to warn people when their savings go above the amount that would be protected if their provider went bust, a survey of MPs and consumers has found.
The new tax year began on Saturday, but savers who want to put their money into a new Isa should do it quickly, as some of the best buys have already been pulled.
Around 15,000 savers with the UK arm of stricken Cypriot bank Laiki will have their deposits protected under British rules and will escape the Cyprus banking levy, it was announced today.
Bank of Cyprus's UK customers won't have their accounts raided, the bank insists, following a bailout agreement which could mean Cypriot savers have their deposits taxed.
18 March 2013
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