The Sunday Times - How banks got rich on low rates
Banks have squeezed an extra £1,700 from customers since interest rates were cut in 2009 with higher charges on mortgages, credit cards and loans and low returns on deposits, according to research for The Sunday Times.
Aaron Strutt, of Trinity Financial, said: “Interest rates for those with smaller deposits or a less than perfect credit history have barely fallen and in some cases risen.”
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