4 major banks make unwelcome change to customer accounts - full list

NewsCost Of LivingYour MoneyNationwide and Barclays among those affected06:20, 18 Jul 2026Nationwide and Barclays have dealt a major blow to customers with a key and unwelcome change to accounts. The banks, both of which have Birmingham branches, have increased mortgage rates.‌The pair are joined by Virgin Money and Co-operative Bank in doing the same. The new rates take hold on Thursday.‌Liam Daly, an economist at the Centre for Economics and Business Research, said: "After mortgage rates fell notably in June, there was growing optimism that a sustained period of relative stability in the Middle East would reduce the risk of interest rates hikes, and that falling mortgage rates would gradually restore some affordability and activity in the UK housing market."‌READ MORE New rubbish law for