Banks are still ripping us all off after nearly bringing the world economy to the point of collapse. About time someone came along to give us somewhere else to go. I would go with them just to stick 2 fingers up at all the other banks.
Whilst the 'Market' needs competition & NEW IDEAS, I will stick with my 'Mutuals'
[The Nationwide Building Society and the Cooperative Bank.]
For Equity Based Investments 'Discount Brokers' Such as Hargreaves Lansdown meet my needs at a fairer price.
Having recently switched and found it a very painful experience - direct debits not paid for loans, credit cards, council tax, bank unable to put things right, etc. (despite using the "switching service") I have changed back to my old bank and there I shall stay! Nothing to do with how good they are but I will not pay the penalties for things that aren't my fault (I was refunded them all after a lot of work). Not the fault of those companies that went unpaid, I appreciate that, but not mine either. It is too much hassle to change, and it's that simple!!
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