The Royal Bank of Scotland has been accused of using sales target pressure for branch staff under coronavirus-lockdown at home. A whistleblower lifted the lid on the sales culture and claims that staff are having meetings over Zoom first thing in the morning to talk over targets, how many customers they’re expected to contact and … Read more
Savers opt for an old favourite: NS&I now offering many of the best deals as banks and building societies continue to slash rates By Sylvia Morris For The Daily Mail Published: 22:01 BST, 19 May 2020 | Updated: 22:01 BST, 19 May 2020 Savers who are not online can now look to old favourite NS&I … Read more
The great savings squeeze continues: Average one-year fixed rate now pays less than 1% as banks axe deals – will short-term accounts head even lower? The average one-year fixed-rate bond pays 0.99% and Isa 0.91% This is a fall of 0.16 and 0.23 percentage points since March respectively Savings rates have been falling this year … Read more
We’re still here helping you look after your money.’ So goes the latest advert for NatWest, set against a backdrop of a deserted high street and featuring some of its younger employees cheerily imploring customers to use its mobile phone app. All in all, a rather reassuring message for its millions of business and personal … Read more
It’s fair to say new digital-only banks have gone mainstream. The majority of people out there will have heard of two of the biggest players, Monzo and Starling, thanks to word-of-mouth, eye-catching debit cards and advertising campaigns. In the last few years, they have seen stratospheric growth as a slice of Britons ditch – or … Read more
Will the best savings account soon pay less than 1%? Savers at the mercy of inflation as market-leading easy-access rate is slashed from 1.20% to 1.05% RCI Bank – which funds Renault car finance deals – followed Marcus Bank The Goldman Sachs-backed bank cut its easy-access rate to 1.05% on Tuesday Ford Money pulled a … Read more
More than 1.8million people have signed up for Universal Credit since 16 March, just days before the country went into lockdown. This is six times as many claims as usual, the Department for Work and Pensions has revealed. While it highlights just how devastating the virus has been for people’s livelihoods and the economy, it … Read more
Good health: The NHS coin, representing the letter N, has become the most in-demand of the 26 A-Z 10p coins over the last 3 months Plenty of items have increased in price and become scarcer since the coronavirus pandemic hit Britain in March. Dried pasta, hand sanitiser, toilet roll, flour and dog food are all … Read more
Lifetime Isa savers may still lose their own money to tap savings… as the taxman proves slow to update its system after rule change victory The Treasury is cutting the Lifetime Isa penalty from 25% to 20% until April 2021 Savers who need to access the money now won’t be charged their own money They … Read more
Refund call for bank account perks like travel insurance or breakdown cover that cannot be used during crisis By Fiona Parker For The Daily Mail Published: 22:00 BST, 12 May 2020 | Updated: 00:14 BST, 13 May 2020 Banks should offer refunds on package account charges if customers cannot make use of the perks, campaigners … Read more