I don’t know about you, but everywhere I turned this week I saw banks letting their customers down in fundamental ways that left me clutching my head in awe.
Well here’s a real kick in the jaw if you’re trying to grow your savings pots: not only is your ‘best buy’ deal abysmal, rates are being slashed everywhere!
Now here’s some news almost too good to believe: banking providers are actually helping their customers for a pleasant change!
While savers have long known there’s little that High Street banking providers can offer them, now it seems that borrowers are being told to look elsewhere too.
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Whatever type of business banking you opt for, make sure the bank has a mentor. The sooner you break the dependency, the quicker you keep more of your cash.
Never be afraid to ask for trade references or do credit checks. Companies unwilling to offer data freely may jeopardise short-term cashflow with late payment.
If you’re trying to grow your savings pot at the moment, expect no help from any quarter – both the Bank of England and High Street banks are not listening.
Not that anyone will be particularly surprised by this, but it turns out that the Big Five banks in the UK are horrid when it comes to customer service.
If you’re looking for a way to grow your savings pots in the current economy, good luck to you: banks and building societies are slashing rates left and right!