May 2023 News Archive

The building society will begin paying eligible members £100 each next month.

The building society will begin paying eligible members £100 each next month.

Despite the fall food prices remain stubbornly high.

Despite the fall food prices remain stubbornly high.

Yorkshire Building Society and Coventry BS see selected variable rates rise, with other providers also increasing interest rates.

Yorkshire Building Society and Coventry BS see selected variable rates rise, with other providers also increasing interest rates.

Swap rates and market sentiment have played a role in reversing an established trend.

Swap rates and market sentiment have played a role in reversing an established trend.

The switching incentive amounts to £150, with other current accounts able to provide up to £200.

The switching incentive amounts to £150, with other current accounts able to provide up to £200.

Four more well-known banks have been scrutinised by Parliament for not rewarding loyal customers. Nationwide, Santander, TSB and Virgin Money are the latest banks and building societies to come under fire from the Treasury Committee for offering savings rates significantly below the current interest rate. This widens the Committee’s campaign for banks to increase the savings rates offered to loyal customers, which in March saw Barclays UK, HSBC UK, Lloyds Banking Group and NatWest Group called into question. In letters sent yesterday, the Treasury Committee asked the banks to explain how increases to the base rate are passed on to savers, why rates on their easy access accounts are so much lower than the base rate, and whether they make loyal customers aware of higher rate savings options available to them.

Four more well-known banks scrutinised by Parliament for not rewarding loyal customers.

This is the 12th consecutive rise to the base rate since December 2021.

This is the 12th consecutive rise to the base rate since December 2021.

The mortgage differs from the competition by negating the need for a guarantor.

The mortgage differs from the competition by negating the need for a guarantor.

With King Charles III to be crowned at Westminster Abbey this Saturday, we take a look at what’s happened in the 70 years since the last coronation.

With King Charles III to be crowned at Westminster Abbey this Saturday, we take a look at what’s happened in the 70 years since the last coronation.