Summary
SAVERS in old bank and building society accounts missed out again in the new Banking Code which came into effect this month.
The voluntary code, which sets out how banks and building societies should treat customers, offered no guarantee that the rate they earn on their account would be kept in line with newer accounts, even though the terms and conditions on the accounts are similar.See the full content of this document
Extract
Loyal Savers Still Lose Out
Banks and building societies continually close accounts to new customers and then launch a newer, better version to attract new savers, while hoping most existing savers will stay in t...
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