BANKS have been accused of ripping off customers after raising interest rates despite the historic low base rate. Hard-up Brits are having to deal with crippling rates on mortgages, credit cards, overdrafts and loans. The interest on overdrafts is at its highest since records began – 39 times the 0.5% base rate. Critics have blasted the banks for being “unethical” with their customers during the financial crunch. Andrew Hagger, of comparison website Moneynet, said: “Whether it is their overdraft or credit cards, consumers are being hit with ever- increasing borrowing costs....Read more here--: Daily Star: Struggling Brits hit hard by hike in interest rates