-
5corpio started a blog post Overdrafts costs soar to 40 TIMES the base rate as banks squeeze borrowersOverdrafts costs soar to 40 TIMES the base rate as banks squeeze borrowers
Banks have pushed the interest rates on credit cards, mortgages and overdrafts to their highest levels in three years despite the base rate being kept at a historic low. The Bank of England has held the base rate at 0.5 per cent since March 2009 to help ease the pressure on cash-strapped families. However, banks have steadily increased rates across the board and the interest charged on overdrafts alone is the highest since records began – and 40 times more than the base rate....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