Tuesday, November 17, 2009
UK Savings Providers Delay the Release of Saversâ€™ Funds
According to the report published by The Times, a large number of UK savers have faced problems with banks and building societies they trusted. Many Brits accuse their savings providers of delaying the release of their bonds. The Times says that several UK savings providers that once offered best-buy savings deals paying as much as 7% have now tied up the funds of savers whose deals are maturing. Many letters were sent by the readers, who complain that the delays of banks and building societies cost them a lot as they are unable to transfer to other top-rate fixed deals.