High Street Banks Are Boosting Their Profits by Pushing Up the Cost of Overdrafts [Derived Headline]

Daily MailMay 14, 2008

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Summary


HIGH STREET banks are boosting their profits by pushing up the cost of overdrafts while cutting the interest paid on current accounts.

The Bank of England cut the base rate last month by a quarter point to 5 per cent but banks have not passed that reduction on to overdrawn customers.

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High Street Banks Are Boosting Their Profits by Pushing Up the Cost of Overdrafts [Derived Headline]

Personal finance experts Money...

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