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The Nationwide upped the interest it charges on overdrafts to 18.9 per cent

Rising overdrafts mean it's time to cheque out of your current account

The Nationwide's increase in charges for those in the red means it's time to shop around

Inside Money

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Simon Read: Why wait to write off credit card cheques?

A government crackdown on unsolicited credit card cheques has long been overdue. The cheques have seemingly indiscriminately been junk-mailed to millions of credit card holders in recent years simply to encourage them to overspend and boost banks’ profits. According to figures from uSwitch, 280 million of the cheques were sent out to 14 million people last year alone. And the 3.2 million of those suckered into using the cheques helped the credit card companies pocket an extra £571m in handling fees and interest charges last year.

Age Concern has a benefits calculator online that people can use to get an idea of what they might be entitled to

Poverty-hit pensioners miss out on cash lifeline

Half a million poverty-hit pensioners could be put back on a firm financial footing simply by taking up the state benefits they are eligible for, a leading charity has claimed. Age Concern and Help the Aged says older people are turning down £5.4bn-worth of extra cash that is rightfully theirs. The money is made up of means-tested benefits and allowances that pensioners fail to claim.

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