• 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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  • Saving & banking

    Web blackout at Barclays: Customers will be locked out of telephone and online banking for one weekend a month

    Barclays customers will be locked out of their online banking for one weekend a monthBARCLAYS customers will be locked out of their online and telephone banking for one weekend a month between now and January as the bank overhauls its systems.Customers will be unable to check their balance or move money online, over the phone or via the mobile app between 11.30pm on Saturday and 3.30pm on Sunday.The first outage will be this Saturday but there will be no break in service in December so as not to disrupt customers Christmas plans. The update comes after the Government told banks ...

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  • Saving & banking

    Get 20% income boost from top one-year bonds: Abandon the big banks to get a better rate

    The top one-year fixed-rate bond from online Paragon Bank pays monthly income at 1.74%Monthly income seekers coming to the end of one-year bonds can boost their rate as long as they abandon the big banks.New banks, along with a handful of building societies including Yorkshire, Leeds and Skipton, have edged up rates in the past few weeks.The top one-year fixed-rate bond from online Paragon Bank pays monthly income at 1.74 per cent a year. The top deal a year ago was 1.45 per cent, meaning rates are a fifth higher. But the big banks which pay just 0.6 per ...

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  • Saving & banking

    Bitcoin soars past $4k after leaping by 332% this year but is the vaulting cryptocurrency heading for a 'dotcom' style crash?

    The price of cryptocurrency bitcoin has surged in the last few weeks meaning the value of the coins is up 332 per cent since the start of the year.Now sitting at $4,317 a coin, bitcoin had reached a record high of $2,476 back in May when This is Money last covered the digital currency.From there, it had fallen below $2,000 a coin in mid-July. However, it has surged since it 'forked' with a separate spin-off cryptocurrency bitcoin cash created from that earlier in August. Soaring value: Bitcoin, ethereum and ripple have seen their value explode so far this yearBitcoin cash ...

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  • Saving & banking

    Challenger bank PCF launches the ONLY savings deal to match inflation - but you'll have to lock your money in for SEVEN years

    Savers can now find a home for their money which matches the official inflation rate thanks to a new fixed-rate bond launched by challenger bank PCF Bank. The PCF account, paying 2.6 per cent, is the best deal available across the whole of the savings market - but there is a catch, savers will have to lock their cash away for a whole seven years.The launch comes amid a flurry of (relative) competition from the smaller banks, including a new Limited Edition Easy Access Isa from Paragon Bank, paying a table topping 1.05 per cent. This week the Bank of ...

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  • Saving & banking

    Savings rates bump up again: Bank of Cyprus launches new market-beating easy access account paying 1.3%

    Bank of Cyprus has bumped up its Online Easy Access Account to a new best-buy rate of 1.3 per cent. The step up is a fresh sign of at least a little bit of better news for savers, who are still suffering from historically low rates but are at least seeing the best deals shift upwards.Thanks to that 0.15 per cent on its interest rate, the Bank of Cyprus account pushes past Ulster Bank's previous market-beating deal and takes a 0.05 percentage point lead in This is Money's independent best-buy savings tables. Interest boost: Bank of Cyprus sits 0.05 per ...

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  • Saving & banking

    British households in midst of a saving crisis, warns think-tank - but spare cash should be invested not put into savings accounts

    Millions of Britons have not saved a penny in the last two years and those who do should be shunning traditional savings accounts at banks and building societies, a report claims.Despite the best attempts of policy makers, regulators and consumer groups, the 'Saving Better' report by think-tank the Social Market Foundation concludes that British households have a savings problem.It says that the clear links between saving, wellbeing, living standards and economic growth make Britain's poor saving performance a major social policy concern. Savings lull: Nearly half of all Britons have not saved at all in the last two years, the ...

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  • Saving & banking

    Loyal savers get boost at new banks: Ford Money edges up its Flexible Saver deal to 1.12%

    Loyalty rewards: Ford Money has edged up its Flexible Saver deal to 1.12%New banks and building societies are continuing to push up rates.Ford Money has edged up its Flexible Saver deal to 1.12 per cent. It s not the top rate on offer, as you can get 1.25 per cent with Ulster Bank, or 1.3 per cent with Bank of Cyprus, including a bonus for 12 months. But Ford Money account comes with a difference.When it raises its rates, it guarantees that existing savers as well as new customers will benefit from the increase. Most banks tend to reserve ...

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  • Saving & banking

    Osborne killed off cash Isas, lenders admit, as savers pull 1.17bn from big banks in June

    Upset: George Osborne's reforms as chancellor made cash Isas less attractiveGeorge Osborne's reforms as chancellor made cash Isas less attractive Banks are finally admitting that a change in tax rules is killing off ordinary cash Isas.Money is pouring out of cash Isas as these once-attractive accounts fall from grace.In June, savers pulled a huge 1.17 billion from big banks, figures from trade body UK Finance show the largest amount since records began more than ten years ago. They put in 6.5 billion into taxable bonds and easy-access accounts.For the first time, the banking trade body has pointed the finger ...

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  • Saving & banking

    Royal Mint launches 5 coin to celebrate Prince Philip's 70 years of service - and the last coin featuring him now sells for 550% of its original price

    A new 5 coin celebrating Prince Philip and his 70 years of service could end up being worth a mint in the future, depending on how rare it becomes.The coin, available to pre-order from the Royal Mint for 13 to be shipped in late August, reads 'NON SIBI SED PATRIAE' in Latin, which means: 'Not for himself but for his country.'It is not the first time Prince Philip has featured on a coin. In 2011, a 5 coin was issued to celebrate his 90th birthday. New 5: The 'brilliant uncirculated coin' features both Prince Philip and the QueenThat has turned ...

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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