Some days, when nasty stuff happens, you have to decide whether to accept it calmly or to have a rant about it. This time I’m doing both. I’ve already had a private rant and now I’m going to write about it calmly, and pass on some suggestions for how to deal with it.
Category: Banks
This Is Money: Banks Claw Back Credit Losses
Banks are hitting customers with higher charges when they go over their authorised overdraft – attempting to make up ground lost on lower credit card default fees
Scotsman: Banks Slammed For Penalty Charges
BANK customers are being hit by excessive penalty fees on current accounts – some being forced to pay £30 for slipping into an unauthorised overdraft by £1.
Scotsman: Banks And Building Societies ‘skim Off’ Interest From Accounts
BANKS and building societies are “surreptitiously” skimming off interest earned on instant-access accounts by limiting the number of free withdrawals allowed per year, according to online data comparison service, Moneynet.co.uk.
Scotsman: Students Told To Claim Cash
STUDENTS hit by excessive bank charges have been urged to claim back their cash.
Motley Fool: Max Out Your Savings!
Although interest rates remained at 4.75% this month, a lot of people believe that the Bank of England will raise them to 5% in the next few months. And although this isn’t great news for those with a variable mortgage, it does mean that savers can start earning a decent rate on their cash.
Motley Fool: Better Than Banks And Building Societies!
Britain’s banks are among the most profitable in Europe, if not the world. Indeed, the UK’s five biggest banks (HSBC, Royal Bank of Scotland, Barclays, HBOS and Lloyds TSB) made a combined pre-tax profit of £33.5 billion last year, which is an all-time record.
This Is Money: ‘ID Theft Peril’ Of Online Banking
Security flaws on the internet banking sites of Cahoot, Bank of Scotland and First Direct that could allow hackers to steal identities, have been found
MoneyExpert: “Limited Offer” Tracker Mortgage From UCB
UCB Home Loans has launched a “limited offer” three-year self-certification tracker mortgage, which it says offers the “most competitive” rates on the current market.
Motley Fool: The Best And Worst Current Accounts
Around six in seven adults (85%) have a current account, but the vast majority of these forty million people don’t have the right bank account to suit their needs.