One current account pays annual interest of 2pc on your balance, while another pays a flat rate of £5 a month if you maintain a minimum balance. Which one is the better deal? For some, this is a straightforward calculation. But many Britons struggle with day-to-day maths, and find managing their money a daunting task. Some 49pc of the working-age population have a numeracy level that would be expected of primary schoolchildren, according to National Numeracy, the education charity, ahead of...

Bitcoin continues to attract enormous attention from investors, but it is not the only cryptocurrency in existence. As fears grow that Bitcoin's rapid growth was little more than a bubble, more and more people are starting to consider its rivals. There are now hundreds of cryptocurrencies and, while they have significant differences, all are based on blockchain technology. A blockchain is a method of record-keeping that uses a network of individual computers to store a log of transactions,...

The success rate for fund managers attempting to beat the market has varied between 23pc and 91pc over the past five years depending on the sector, according to new analysis by Telegraph Money. The performance of active managers – who pick individual stocks – has come under increasing scrutiny in recent years, along with the higher fees they charge to do so. Low-cost computer-driven funds that track stock market indices rather than trying to beat them are soaring in popularity. The number of...

Banks are reporting up to an eight-fold increase in the number of customers joining them from TSB, as droves of customers abandon the bank after its IT meltdown. Three major banks – HSBC, RBS and Metro Bank – told the Telegraph that they have seen a rise in the number of customers leaving TSB and switching accounts to them since the problems began. A spokesman for Nationwide, the country's largest building society, said: “Since the start of the issues at TSB we have seen an increase in...

For many investors, technology means “Faang” – Facebook, Amazon, Apple, Netflix and Google – but these are far from the only options for gaining exposure to the impact of technological change on day-to-day life. The share price growth of the Faang stocks has been one of the main drivers of the soaring American stock market. However, while many professional investors still back the firms, 200 or more fund managers around the world surveyed in Bank of America Merrill Lynch’s monthly survey have...