Friday, Dec 15, 2006

Banks use interest rate hikes to improve their bottom line

Free Help Advice: Banks use interest rate hikes to improve their bottom line

Research carried out by personal finance experts at Moneyfacts, in partnership with the BBC News website, has shown that banks are making good use of the recent hikes in interest rates, to push their profit margins up, by increasing the interest rates for millions of borrowers with mortgages, but not doing the same for savers.

Posted by matt @ 04:04 PM (496 views)
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