Monday, Jul 19, 2010
How to Beat the Banks..Lol!
Independent: Vince Cable hits out at 'rip-off' banks
Business Secretary Vince Cable today accused high street banks of "ripping off" their customers as it was disclosed some are charging up to 167% interest on unauthorised overdrafts.
Posted by happy mondays @ 08:43 AM (671 views) Add Comment
4 Comments
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1. mrflibble said...
The Halifax with its 3,650% APR just managed to pip wonga.com with its typical 2,689% APR.
Meanwhile the average man on the street is struggling to find a 3% easy access account.
All I ask is one full year of 2,000% interest and I'll become a cigar and cocktail connoisseur on some tropical island somewhere.
2. i remember the 90`s said...
If you manage your money you won`t need to go overdrawn its not rocket science
3. Rental John said...
On the other end of the scale, I received a leaflet in the post from RBS saying that my interest paying current account will no longer pay any interest (not that it was that fantastic anyway)... In the leaflet it also details no interest on any of its loyalty accounts (though RBS website has not been updated yet!).
4. rumble said...
Overdrafts, 'cos banks want to lend a hand.