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FCA tells banks to speed up savings rate increases
Record profits and low savings rates spurred the FCA to meet with some of the UK’s top banks.
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Six shared banking hubs open as more branches close - where to find them
News Six banking hubs are now up and running, and aim to plug the gaps left by branch closures. We explain who can use them and if there’s one near you.
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Watchdog summons banks to explain paltry savings rates
Savings rates trail mortgage rates - and the financial watchdog has summoned banks to a meeting amid concerns of profiteering.
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HSBC and First Direct to boost savings rates as pressure mounts on banks to pass on betters rates to savers
HSBC and First Direct plan to boost the rate on to their savings accounts today, as consumers call on high street banks to do more to give savers a better deals as the base rates hits 5%.
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MoneyWeek Glossary: The Financial Services Compensation Scheme (FSCS)
Glossary The Financial Services Compensation Scheme (FSCS) covers bank, building societies and investment accounts, and will pay compensation if the holding institution goes bust.
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Why did SVB collapse and what does it mean for investors?
News California-based Silicon Valley Bank collapsed seemingly overnight, casting doubts over the future of thousands of tech and science startups in the US and the UK.
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HSBC launches 3.99% fixed-rate mortgage
News Mortgage rates have remained elevated since the mini-Budget, but could this latest offering from HSBC be a sign of lower rates to come?
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Treasury grills bank bosses over savings rates
News The Treasury Select Committee says customers are earning between 0.5% and 0.65% on basic savings accounts, well below the Bank of England base rate
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High street giant HSBC to close 114 branches
News HSBC is to shut the doors of 114 branches as more customers switch to online banking.
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