Savings

Banks could be made to display clearer information on how much compensation savers could claim in the event of an institution failing, under new proposals.

The Bank of England put more emergency medicine for the UK economy on hold today, despite more evidence that the recovery is grinding to a halt.

Bank of Cyprus savers in the UK could get better protection for their cash, as the firm plans to formally become a UK bank .

Halifax has launched what is believed to be the first ever 'rate for risk' 0% deal. While long term credit cards APRs normally vary with successful applicants' credit scores, until now 0% deals were fixed for all. It's feared if more firms go this way, it could set a worrying precedent for borrowers.

Banking giant Santander claims it has turned the corner after a torrid past 18 months which has seen it consistently score poorly on customer service.

The Government will sell Northern Rock to Virgin Money, to create a combined bank with four million customers.

Millions of victims of payment protection insurance (PPI) mis-selling will have to pay tax on their payout, the Government has confirmed.

Norwich and Peterborough Building Society (N&P) has this week been taken over by Yorkshire Building Society (YBS), which means big changes for many of its 420,000 customers.

The final stages of the sale of Egg were completed this week, meaning big changes for its 1.7 million customers.

Santander will pay interest upfront on its new savings account in what is the latest move by banks to tempt savers, by giving them instant cash.