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UK Banking news

UK banking and current account news. Trends, new products and rate changes. Brought to you by the Moneyfactscompare.co.uk editorial team. Compare all bank account types and subscribe to our email newsletter for weekly updates.  

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Latest banking news

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Your gateway to smarter travel: iFAST Global Bank offers 2% cashback on overseas spending with Multi-Currency Current Account

8th August 2025

Reflecting the demand for borderless banking, the account allows holders to earn interest without worrying about high foreign exchange fees.

Reflecting the demand for borderless banking, the account allows holders to earn interest without worrying about high foreign exchange fees.

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Bank of England cuts base rate to 4.00% despite higher-than-expected inflation

7th August 2025

The base rate fell to 4.00% in August after the Bank of England’s Monetary Policy Committee narrowly voted in favour of a cut. Find out why and what it means for your money.

The base rate fell to 4.00% in August after the Bank of England’s Monetary Policy Committee voted in favour of a cut.

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Get a £180 cash boost this summer by switching to Santander

25th July 2025

Santander is offering a current account switch incentive of £180, which could provide a welcome cash boost to customers this summer.

Santander is offering a current account switch incentive of £180, which could provide a welcome cash boost to customers this summer.

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Latest student bank account offers for 2025

21st July 2025

As providers unveil their student bank account offers for 2025, find out more about the latest perks available.

As providers unveil their student bank account offers for 2025, find out more about the latest perks available.

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Barclays Bank offers a £175 cash bonus to current account switchers

16th July 2025

The high street bank becomes the latest provider to offer a current account switch incentive this summer.

The high street bank becomes the latest provider to offer a current account switch incentive this summer.

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Lloyds Bank offers £185 for switching current accounts: Are you eligible?

1st July 2025

The Club Lloyds accounts also grant access to a range of additional lifestyle perks – just in time for the summer holidays.

The Club Lloyds accounts also grant access to a range of additional lifestyle perks – just in time for the summer holidays.

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Earn a summer cash bonus of £175 by switching your current account to NatWest

25th June 2025

NatWest is the latest bank to launch a current account switch bonus, with customers able to receive £175 in cash by meeting certain requirements. Find out more.

NatWest is the latest bank to launch a current account switch bonus, with customers able to receive £175 in cash by meeting certain requirements.

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Bank of England applies brakes and holds base rate at 4.25%

19th June 2025

As inflation remains well above the Bank’s 2% target. Find out what this means for your savings and mortgage:

As inflation remains well above the Bank’s 2% target. Find out what this means for your savings and mortgage:

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Record number of providers offer savings accounts: Is it time you found a new home for your cash?

16th June 2025

Savers have a record number of accounts and providers to consider but rising inflation and base rate reductions threaten returns. With this in mind, is it time you found a new home for your hard-earned cash?

Savers have a record number of accounts and providers to consider; is it time you found a new home for your cash?

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Nationwide customers to receive £100 in third Fairer Share Payment

30th May 2025

Members can also earn an additional £200 with a new, exclusive current account switching deal.

Members can also earn an additional £200 with a new, exclusive current account switching deal.

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New switching offer from TSB worth up to £310

21st May 2025

The latest switching incentive from TSB offers qualifying customers a range of rewards worth up to £310. Find out more if you're considering switching your current account.

The latest switching incentive from TSB offers qualifying customers a range of rewards worth up to £310.

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One in 10 people don’t have any cash savings: How to kickstart a savings habit

16th May 2025

Limited access to savings contributed to one in four UK adults being deemed as having ‘low financial resilience’, said the FCA.

Limited access to savings contributed to one in four UK adults being deemed as having ‘low financial resilience’, said the FCA.

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Bank of England base rate cut to 4.25% following global tariff turmoil

8th May 2025

In the wake of new tariffs announced at the start of last month by US President, Donald Trump, the Bank of England has voted in favour of lowering the UK base rate to 4.25%. Find out the impact this could have on your savings and mortgage:

Meanwhile, volatile swap markets provide impetus for mortgage cuts. Find out how your finance might be affected:

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‘Enticing’ £175 switching offer relaunched by The Co-operative Bank

2nd May 2025

The Co-operative Bank has relaunched its switching incentive, and now offers eligible customers up to £175. Find out more.

The Co-operative Bank has relaunched its switching incentive, and now offers eligible customers up to £175.

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Ends today: £175 current account switching deal from Lloyds Bank

1st April 2025

Find out how to receive £175 by switching to a Club Lloyds current account. But check the terms of the account before switching to make sure it’s right for you.

Find out how to receive £175 by switching to a Club Lloyds current account.

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Ends today: Nationwide BS’s £175 current account switching deal

31st March 2025

As well as a market-leading switching incentive, Nationwide BS also offers 1% cashback and a £50 interest-free overdraft buffer with selected accounts.

As well as a market-leading switching incentive, Nationwide BS also offers 1% cashback and a £50 interest-free overdraft buffer with selected accounts.

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Bank of England base rate paused at 4.50% ahead of Spring Statement

20th March 2025

But both mortgage and savings rates trend downwards following last month’s cut.

But both mortgage and savings rates trend downwards following last month’s cut.

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More choice for switchers as NatWest launches £150 switch bonus

12th March 2025

NatWest is offering customers a £150 cash bonus if they switch their current account to an eligible account with the bank. See more details and how it compares to other switch incentives.

NatWest is offering customers a £150 cash bonus if they switch their current account to an eligible account with the bank.

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How you could receive up to £150 by switching to The Co-operative Bank

7th February 2025

The Co-operative Bank has relaunched its switching incentive, where eligible customers can earn up to £150. Find out more.

The Co-operative Bank has relaunched its switching incentive, where eligible customers can earn up to £150. Find out more.

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Bank of England cuts base rate to 4.50% - what does this mean for your mortgage and savings?

6th February 2025

Borrowers were left disappointed after the previous base rate reduction preceded rising mortgage rates.

Borrowers were left disappointed after the previous base rate reduction preceded rising mortgage rates.

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Best finance products and providers crowned in Moneyfactscompare.co.uk Awards 2025

6th February 2025

Hundreds of thousands of people took part in our consumer awards last year. After combining their feedback with our expert in-house analysis, discover the finance products and providers voted best in class at the Moneyfactscompare.co.uk Awards 2025:

Hundreds of thousands of people took part in our consumer survey last year – and the results are finally here!

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Santander's £150 switching offer ending soon – find out if you qualify

3rd February 2025

Time is running out to take advantage of Santander’s £150 current account switching incentive after it revealed the offer will end this Wednesday.

Time is running out to take advantage of Santander’s £150 current account switching incentive after it revealed the offer will end this Wednesday.

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Earn up to £160 with latest current account switching deal from TSB

23rd January 2025

Additional perks are also up for grabs if you continue to use your new account.

Additional perks are also up for grabs if you continue to use your new account.

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Bank of England base rate remains at 4.75% in final vote of 2024

19th December 2024

Disappointment for borrowers eagerly awaiting another cut after mortgage rates fell less than many hoped this year.

Disappointment for borrowers eagerly awaiting another cut after mortgage rates fell less than many hoped this year.

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Popular news from the archive

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Contactless limit is set to rise to £45 to help fight Covid-19

24th March 2020

From 1 April 2020, consumers will be able to use contactless payments on amounts of up to £45, as concerns about hygiene when shopping continues

From 1 April 2020, consumers will be able to use contactless payments on amounts of up to £45

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JP Morgan launches UK current account – are better alternatives available?

22nd September 2021

JP Morgan has entered the UK consumer market with the launch of its digital bank, Chase

JP Morgan has entered the UK consumer market with the launch of its digital bank, Chase

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Mastercard to increase European fees – how will this impact consumers?

3rd February 2021

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Santander launch market-leading easy access rate in current account overhaul

22nd November 2022

Santander launched its new current account which is exclusively linked to its market-leading easy access rate today. This easy access rate is included under the Santander Edge saver, an account which offers a rate of 4.00% AER on balances of £4,000 or less.

The Santander Edge current account is linked to a market-leading easy access rate of 4.00% AER on balances of £4,000 or less.

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