• Saving & banking

    Metro Bank now lets you open its accounts with no European spending fees online as it tempts customers who don't live near a branch

    Metro Bank will now allow customers to open its current accounts online rather than having to go into branch, the challenger revealed this morning.People can apply for an account with a 'selfie' and says it can all be done within 10 minutes, including setting up internet banking.This will be welcome news for frequent travellers to Europe, with its current account still offering fee-free cash machine withdrawals and purchases on the Continent. Selfie banking: Metro says customers can open accounts online within 10 minutes - and it means you don't need to go into branchOnline start-up Monzo has recently downgraded its ...

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  • Saving & banking

    NatWest offers £125 to switch to its bank accounts - its first perk to join in nearly a decade but is it worth taking up?

    NatWest is offering current account switchers a £125 cash incentive to switch to one of its bank accounts - its first sweetener since 2009. The offer is available for both new and existing customers until February 16 moving their main account to a Select, Reward, Reward Silver, Reward Platinum or Reward Black accounts.  The bank’s Reward Account already earns account holders an average of £83 in cashback on their household bills so with the new sign-up offer, new customers could pocket £208 (£184 excluding the £24 annual fee) in the first year. Money for nothing: Natwest has launched a new £125 cash ...

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  • Saving & banking

    Now you can save money through Facebook: Tech firm Oval Money makes saving social

    Are you addicted to posting on Facebook? Fed up of people telling you it's a waste of time?Now, as well as staying in touch with friends and racking up likes and comments, you can start saving money every time you post on Facebook. It's a new feature of the Oval Money app, which helps you track your money. It allows you to set automatic savings triggers to remove money from your current account into a digital wallet. From there, you can then transfer cash into a savings account. You can start saving money every time you post on Facebook with the ...

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  • Saving & banking

    I got an unusual 50p coin in my change featuring two motorbike racers dated 1997 – is it rare and what's it worth?

    Recently, I received an unusual 50p coin in my change, which I had never seen before. It shows two motorcyclists racing with a wreath-style pattern on either side.The coin is dated 1997 on the back, with the usual effigy of the Queen and says Isle of Man on it.I have tried to research it to see if it is rare but cannot find much about it. I'm hoping that I have struck gold. Racy: Is my Isle of Man 50p coin rare - and how much could I sell it for?Lee Boyce, consumer affairs editor at This is Money, replies: In ...

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  • Saving & banking

    Savings rates fail to bounce back over two months after the Bank of England base rate rise - and high street banks still offer the stingiest deals

    Savings rates are still failing to return to levels seen before interest rates were cut last year - despite the base rate bouncing back up again in November. Rates have risen slightly following November's base rate rise from 0.25 per cent to 0.5 per cent, but they are still languishing behind those seen in July last year.Some banks and building societies continue to offer pitiful rates, which do not reflect the rise in the underlying base rate. Fixed rates have risen most this year with the average five-year bond hitting 2.03 per cent, the data from Moneyfacts shows.   Short-term bonds rates ...

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  • Saving & banking

    You CAN share your online banking passwords with budgeting apps, says watchdog - despite warnings from banks that you won't be protected

    Savers who want to use apps that help them manage all their bank accounts in one place have been told they can share log in details with them, despite warnings from banks that they shouldn't.These apps typically link to your bank account and analyse spending habits to see how much you can save each month. But most of them — including Chip, Cleo, Moneybox, Moneyhub, Money Dashboard, OnTrees and Plum — ask customers for full log-in details for online banking. Some banks have been telling customers not to share their online banking login details with third party apps. They warn that customers ...

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  • Saving & banking

    NS&I launches new fixed-rate savings deals and the first guaranteed income bonds in eight years

    Savers can now get their hands on four new accounts from National Savings and Investments as it looks to attract more cash this financial year.It has launched two Guaranteed Growth Bonds. The one-year option has a 1.5 per cent rate while the three-year rate is a near market-leading 2.2 per cent.This is the same rate that was launched earlier in the year in the form of the Investment Guaranteed Growth Bond. However, this new account allows a far more generous £1million to enter, rather than a ceiling of £3,000.A pair of Guaranteed Income Bonds pay slightly lower rates at 1.45 per ...

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  • Saving & banking

    Monzo boss Tom Bloomfield on how Open Banking should help the challenger bank turn a profit as 400k customers sign-up in just two years

    Monzo has come a long way since launching in 2015 as an audacious tech-centric challenger bank seeking to disrupt the status quo moulded by larger, more established rivals.More than 400,000 people have coughed up a £100 deposit to get their hands on its distinctive coral-pink cash cards to keep tabs on how much they are spending via its accompanying app.The challenger bank itself has scaled up. It says it is now valued at £280million and has laid down roots in Old Street, which is rapidly becoming London's equivalent of the Silicon Valley hub of tech firms. Staff numbers have swelled to 210 - ...

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  • Saving & banking

    Table-topping easy access savings account launched - but Paragon Bank only beats rivals by a whisker at 1.31%

    Paragon Bank has launched a new easy access savings deal that shoots straight to the top of This is Money’s independent best buy savings tables with a rate of 1.31 per cent.The new Limited Edition Easy Access saver, available from Friday 10 November, beats rival deals from RCI Bank and BM Savings by a whisker of just 0.01 percentage points.While the new deal pushes rates in the right direction, the tiny increase in best buy rates will disappoint savers holding out hope for a more substantial jump following the Bank of England base rate rise last Wednesday.  Savings pot: The new top-paying easy ...

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  • Saving & banking

    As Lloyds and Halifax overhaul overdraft fees will you be better off switching? Here's everything you need to know

    Lloyds Bank is overhauling its overdrafts, ditching monthly fees and overdraft interest and replacing them with a flat-rate charge.The new fees - which come into effect on Thursday 2 November - will see Lloyds, Bank of Scotland and Halifax borrowers now pay 1p for every £7 they borrow using their current account. While the new charges will leave some better off, borrowers could end up paying an effective interest rate of up to 52 per cent, according to new research from Moneycomms.co.uk. Here's everything you need to know about the new fees and the top alternative accounts with cheap overdrafts.  Overdraft fees: ...

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  • Saving & banking

    I've got five WWF 50p coins that I've saved from my change, are they really worth much more?

    I've received five WWF 50p coins over the years that I've held onto and I'm wondering if they are actually worth more than face value?I don't want to spend them only to find that I could have sold them online for far more than a collective £2.50. C.M, via e-mail. Wildlife favourite: Many may have kept hold of the WWF 50p coin because of its nature designLee Boyce, consumer affairs editor at This is Money, replies: We have been inundated by plucky collectors contacting us this year asking whether certain notes or coins are worth more than face value.Many are ...

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  • Saving & banking

    Does Nationwide now offer the best current account? Building society attracts four times as many switchers as its nearest rival

    Nationwide Building Society is the clear winner in the current account switching battle, attracting nearly four times as many customers as its nearest rivals.Britain's biggest mutual won over 38,683 more switchers than it lost in the first three months of the year, according to the latest data from payment provider Bacs.The figures also reveal, however, that appetite for switching has dipped 15.7 per cent in the 12 months to the end of September 2017 with 892,643 switches compared to 1,059,674 in the same period a year earlier. Nationwide: The building society offers FlexDirect - which comes with 5% interest on ...

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  • Saving & banking

    The mysterious case of Barclays closing down a customer's three accounts after she reported a 'strange' payment she'd received

    A Barclays customer with acute anxiety and depression has been left devastated after the banking giant suddenly closed down her three accounts without explanation or warning.Eve, 19, from Yorkshire who This is Money has chosen not to fully name - holds a savings, student and current account with the banking giant.Last month, she noticed a payment of 138 that she did not recognise had entered her student account. Policy: Barclays usually gives two month's notice before closing an account, but can do with no notice at all in some circumstancesTo be on the safe side, she decided to alert Barclays, ...

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  • Saving & banking

    NS&I launches its first Junior Isa offering 2% interest but there are more than a dozen accounts with better rates on the market

    National Savings and Investments has this week launched its first Junior Isa, which comes with a two per cent rate of interest.Junior Isas are a popular way of savings for a child's future, and the new NS&I version can be opened with a minimum deposit of just 1, although it must be opened and managed online. Junior Isas have a far lower subscription limit than the standard adult version. Just 4,128 can be deposited in an account this year, compared to 20,000 for a standard Isa. Junior Isa: NS&I have launched their first Junior Isa which comes with a 2% ...

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  • Saving & banking

    Isa rates hit 1.05% but act quickly because online deal with Paragon Bank is unlikely to be around for long

    Paragon Bank has launched an online Isa paying a top 1.05 per cent,Paragon Bank has launched an online Isa paying a top 1.05 per cent, but the Limited Edition Easy Access cash Isa is unlikely to be on sale for long.When Charter Savings Bank launched its Easy Access cash Isa at 1.02 per cent last month, it was on sale for just one week before the bank closed it to new savers.Internet-based Ford Money has one of the best deals, at 1 per cent on its Flexible Cash Isa. There are no withdrawal restrictions and it is unlikely to ...

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Everyone went outside to smoke cloves and bitch about having to stay after for the State.

Jon Stewart on events following Charles — January 19, 1999