Packaged bank accounts come with a monthly fee to cover all the insurance related benefits and extras and can be a good deal as long as you make use of all the individual elements. Seeking out the best packaged current account isn’t always black and Read More
From November this year Nationwide Building Society will be charging customers 39.9% EAR – yes that’s right 39.9% EAR for agreed overdrafts on its current accounts. At the moment Flex Direct Customers pay 50p per day and FlexAccount customers pay an interest rate of 18.9% Read More
The struggle to stay financially afloat every month is very, very real for many people out there. Whether it’s a big one-off cost to pay, ongoing debts or just the fact you can’t resist a good old spending spree, most of us are constantly counting Read More
The table below highlights why the FCA today announced that it wants to abolish fixed fee overdrafts – you can see how much of an income generator it is for some of the big banks.
The Financial Conduct Authority has today announced some wide ranging proposals to overhaul the overdraft market. The key changes it is looking for are: Ensuring the price for each overdraft will be a simple, single interest rate – no fixed daily or monthly charges. Tackling Read More