-
Exposed: 'Big five' banks pay less than 0.5% base rate on TWO IN FIVE savings accounts
Britain's 'Big Five' banks are openly pilfering interest from savers by paying less than the 0.5 per cent Bank of England base rate on two in five accounts, a This is Money investigation has found. Just under 40 per cent of accounts listed on Santander, HSBC, Barclays, RBS/NatWest, and Lloyds/Halifax's websites paid less than 0.5 per cent - supposedly a 'minimum standard' - on balances of up to £5,000. The robbery looks even worse because major banks can get at least 1 per cent when they lend to each other...Read more HEREYou must be logged in to post a comment.
- Hi & Welcome to the AAD Consumer Forum
We're a FREE consumer debt and legal forum offering help, support and debate in many areas of day-to-day life. You will need to Register a Free Account before you can join in with the discussion and contribute with your own posts. Remember to also check out the FAQ's so you can get to grips with how the forum works ready to start posting your new topics. Read about the new GDPR 2018 Rules and how it affects you as a member of AAD.
Tweet