Latest news with #RainyDaySaver
Western Telegraph
14-05-2025
- Business
- Western Telegraph
Barclays, Santander and NatWest customers warned of changes
NatWest, Santander, and Barclays will introduce significant updates soon. Butler is therefore keen for customers to keep abreast of these developments. In a recent video, she advised: "A lot of changes are going down, which you probably don't know about," highlighting the lack of communication from banks to their customers. "This is all happening this month, and people aren't sufficiently kept in the loop by banks. So make sure you know what's going on with your bank - check emails, log into your bank and just make sure you're not missing out on anything." Listen to Frances Haque, our Chief Economist, as she talks about the base rate change announced today. — Santander UK (@santanderuk) May 8, 2025 Caroline broke down the upcoming changes, providing her expertise and guidance on how to avoid any adverse effects on personal finances. Natwest NatWest is set to assume control of Sainsbury's Bank's savings and credit card loans. Caroline cautioned: "If you have any of those to do with Sainsbury's, things are going to change for you." NatWest has confirmed the acquisition on their website, stating: "As of 1 May 2025, NatWest became the legal owners of certain personal loans, credit cards and savings accounts. There are no immediate changes to how customers use and access their account(s)." The banking giant has pledged to work closely with Sainsbury's Bank to guarantee a smooth and secure transition for customers. Barclays Caroline highlighted that the bank is "slashing the rate" on its Rainy Day Saver accounts from an impressive 5.12% down to a less lucrative 4.61%. On their website, Barclays announced: "Interest rates on the Rainy Day Saver are banded. This means you'll earn 4.61% AER/4.52% gross p.a. interest on the first £5,000 of your balance, and 1.00% AER/gross p.a. on your additional balance over £5,000." Recommended reading: Santander Caroline pointed out that starting from May 12, the bank plans to discontinue its text alert service - a crucial tool for many clients in managing their finances. "So if you rely on those alerts for managing your money, then you need to be mindful of that," she warned. "You'll need to switch to their app or start using mobile banking." Santander adds: "If you've registered for some alerts on a Personal current account or savings account, from 12 May 2025 we'll stop sending them. We're doing this because you can get a more detailed view of your account activity with Mobile or Online Banking."
Glasgow Times
14-05-2025
- Business
- Glasgow Times
Barclays, Santander and NatWest customers warned of changes
NatWest, Santander, and Barclays will introduce significant updates soon. Butler is therefore keen for customers to keep abreast of these developments. In a recent video, she advised: "A lot of changes are going down, which you probably don't know about," highlighting the lack of communication from banks to their customers. "This is all happening this month, and people aren't sufficiently kept in the loop by banks. So make sure you know what's going on with your bank - check emails, log into your bank and just make sure you're not missing out on anything." Listen to Frances Haque, our Chief Economist, as she talks about the base rate change announced today. — Santander UK (@santanderuk) May 8, 2025 Caroline broke down the upcoming changes, providing her expertise and guidance on how to avoid any adverse effects on personal finances. Natwest NatWest is set to assume control of Sainsbury's Bank's savings and credit card loans. Caroline cautioned: "If you have any of those to do with Sainsbury's, things are going to change for you." NatWest has confirmed the acquisition on their website, stating: "As of 1 May 2025, NatWest became the legal owners of certain personal loans, credit cards and savings accounts. There are no immediate changes to how customers use and access their account(s)." The banking giant has pledged to work closely with Sainsbury's Bank to guarantee a smooth and secure transition for customers. Barclays Caroline highlighted that the bank is "slashing the rate" on its Rainy Day Saver accounts from an impressive 5.12% down to a less lucrative 4.61%. On their website, Barclays announced: "Interest rates on the Rainy Day Saver are banded. This means you'll earn 4.61% AER/4.52% gross p.a. interest on the first £5,000 of your balance, and 1.00% AER/gross p.a. on your additional balance over £5,000." Recommended reading: Santander Caroline pointed out that starting from May 12, the bank plans to discontinue its text alert service - a crucial tool for many clients in managing their finances. "So if you rely on those alerts for managing your money, then you need to be mindful of that," she warned. "You'll need to switch to their app or start using mobile banking." Santander adds: "If you've registered for some alerts on a Personal current account or savings account, from 12 May 2025 we'll stop sending them. We're doing this because you can get a more detailed view of your account activity with Mobile or Online Banking."
South Wales Argus
13-05-2025
- Business
- South Wales Argus
Barclays, Santander and NatWest customers warned of changes
NatWest, Santander, and Barclays will introduce significant updates soon. Butler is therefore keen for customers to keep abreast of these developments. In a recent video, she advised: "A lot of changes are going down, which you probably don't know about," highlighting the lack of communication from banks to their customers. "This is all happening this month, and people aren't sufficiently kept in the loop by banks. So make sure you know what's going on with your bank - check emails, log into your bank and just make sure you're not missing out on anything." Listen to Frances Haque, our Chief Economist, as she talks about the base rate change announced today. — Santander UK (@santanderuk) May 8, 2025 Caroline broke down the upcoming changes, providing her expertise and guidance on how to avoid any adverse effects on personal finances. Natwest NatWest is set to assume control of Sainsbury's Bank's savings and credit card loans. Caroline cautioned: "If you have any of those to do with Sainsbury's, things are going to change for you." NatWest has confirmed the acquisition on their website, stating: "As of 1 May 2025, NatWest became the legal owners of certain personal loans, credit cards and savings accounts. There are no immediate changes to how customers use and access their account(s)." The banking giant has pledged to work closely with Sainsbury's Bank to guarantee a smooth and secure transition for customers. Barclays Caroline highlighted that the bank is "slashing the rate" on its Rainy Day Saver accounts from an impressive 5.12% down to a less lucrative 4.61%. On their website, Barclays announced: "Interest rates on the Rainy Day Saver are banded. This means you'll earn 4.61% AER/4.52% gross p.a. interest on the first £5,000 of your balance, and 1.00% AER/gross p.a. on your additional balance over £5,000." Recommended reading: Santander Caroline pointed out that starting from May 12, the bank plans to discontinue its text alert service - a crucial tool for many clients in managing their finances. "So if you rely on those alerts for managing your money, then you need to be mindful of that," she warned. "You'll need to switch to their app or start using mobile banking." Santander adds: "If you've registered for some alerts on a Personal current account or savings account, from 12 May 2025 we'll stop sending them. We're doing this because you can get a more detailed view of your account activity with Mobile or Online Banking."
The Herald Scotland
13-05-2025
- Business
- The Herald Scotland
Barclays, Santander and NatWest customers warned of changes
Butler is therefore keen for customers to keep abreast of these developments. In a recent video, she advised: "A lot of changes are going down, which you probably don't know about," highlighting the lack of communication from banks to their customers. "This is all happening this month, and people aren't sufficiently kept in the loop by banks. So make sure you know what's going on with your bank - check emails, log into your bank and just make sure you're not missing out on anything." Listen to Frances Haque, our Chief Economist, as she talks about the base rate change announced today. — Santander UK (@santanderuk) May 8, 2025 Caroline broke down the upcoming changes, providing her expertise and guidance on how to avoid any adverse effects on personal finances. Natwest NatWest is set to assume control of Sainsbury's Bank's savings and credit card loans. Caroline cautioned: "If you have any of those to do with Sainsbury's, things are going to change for you." NatWest has confirmed the acquisition on their website, stating: "As of 1 May 2025, NatWest became the legal owners of certain personal loans, credit cards and savings accounts. There are no immediate changes to how customers use and access their account(s)." The banking giant has pledged to work closely with Sainsbury's Bank to guarantee a smooth and secure transition for customers. Barclays Caroline highlighted that the bank is "slashing the rate" on its Rainy Day Saver accounts from an impressive 5.12% down to a less lucrative 4.61%. On their website, Barclays announced: "Interest rates on the Rainy Day Saver are banded. This means you'll earn 4.61% AER/4.52% gross p.a. interest on the first £5,000 of your balance, and 1.00% AER/gross p.a. on your additional balance over £5,000." Recommended reading: Santander Caroline pointed out that starting from May 12, the bank plans to discontinue its text alert service - a crucial tool for many clients in managing their finances. "So if you rely on those alerts for managing your money, then you need to be mindful of that," she warned. "You'll need to switch to their app or start using mobile banking." Santander adds: "If you've registered for some alerts on a Personal current account or savings account, from 12 May 2025 we'll stop sending them. We're doing this because you can get a more detailed view of your account activity with Mobile or Online Banking."
Daily Mirror
12-05-2025
- Business
- Daily Mirror
Barclays issues update on future bank closures after shutting 1,236 branches
Barclays' boss, CS Venkatakrishnan, made the announcement at an annual general meeting last Wednesday, as data shows the lender has shut 1,236 sites in the last ten years Barclays has promised not to announce any more bank branch closures in 2025 or 2026. Barclays ' boss, CS Venkatakrishnan, made the announcement at an annual general meeting last Wednesday. He said: "We don't have any plans to announce further bank branch closures in 2025 or 2026." However, the bank could still close more branches beyond 2026. Chairman Nigel Higgins said: "We want to see how the current branch strategy plays out." The high street bank has closed 1,236 sites over the past ten years, according to data from Which? magazine. Barclays has already shut 14 bank branches in 2025. If you're a Barclays customer and you're worried about closures, you do have several options. You can check if Barclays has a "mobile branch" near you. The bank also has 200 pop-up banking sites, located in spaces such as community centres, libraries and business hubs. However, these don't have cash or counter services. You can do some basic cash or counter services at your nearest Post Office, for example, paying in cash and cheques and making withdrawals. It comes after Barclays lowered the interest rate on its Rainy Day Saver account. The interest rate has now dropped from 4.87% to 4.61%. It marks the second time Barclays has cut savings rates in the last four months. It previously offered a rate of 5.12% for its Rainy Day Saver but this was cut by the bank in February. Barclays has also started paying out compensation to customers who were affected by a major outage earlier this year. Thousands of people were left unable to make and receive payments at the end of January following a glitch that lasted several days. Barclays previously confirmed that if you were left out of pocket due to the glitch, it would compensate you - for example, if you couldn't pay a bill and were hit with late payments. A spokesperson from Barclays says it is using its own records to try and identify customers that may have been impacted, and says it is prioritising those who are considered vulnerable. You may be contacted by the bank to provide more information. Customers can also raise a complaint directly with Barclays. The number to call is 0800 282 390 from the UK, or +44 (0)207 116 7488 from abroad. Full list of Barclays that have shut in 2025 Sheringham Borehamwood Leiston South Woodford Farnham Whitby Tredegar Ystrad Mynach Cockermouth Pickering St Neots London - West End Willesden Green Barnard Castle
