Banks are, of course, easy targets but that’s no reason not to slate them when slating is due. Following the Bank of England’s cut in the base rate to an historic low of 0.1%, the big beasts have cut their savings rates. Barclays Everyday, HSBC Flexible and Natwest Instant and Lloyds Easy Saver accounts will all now be paying 0.01%. Which means they’ll add £1 a year to your £10,000. Interesting to compare this with their published overdraft rates. Lloyds, 39.9% EAR variable representative (me neither), Natwest 39.94% and Barclays a very competitive 35%. Slating definitely due, I’d say.
“Sunak and Hunt accused of ‘damaging UK plc’ over NatWest boss’s exit”
Here’s the flip side. Should a business not have the right to choose whom it serves? If you as a client, or more likely potential client, rub us up the wrong way, are a declared anti-vaxxer or support the barges, can we not, as a business, say ‘Be Gone’?
