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HSBC Pays Less, Increases Overdraft Fee

HSBC will drop the rates on some savings products and business accounts and increase the overdraft rate on all its current accounts. Rates will drop on all cash Isas, Flexible Saver and Instant Access Savings accounts. All business account holders will suffer a drop in their interest rate and overdraft rates are […]

Banks in the firing line as savings rates are cut

Base rate hasn’t moved for almost a year, but that has not stopped savers being penalised, writes Kathryn Cooper

BANKS and building societies have been accused of profiteering by slashing their savings rates even though the Bank of England base rate — the yardstick for all UK interest rates — has not moved for nearly a […]