Financial Services Industry
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Financial Adviser, November, 2003
So interest rates are on the way up. Within minutes of the announcement Nationwide courteously e-mailed me to tell me that savings rates would increase in line with the increase in the bank base rate, while their mortgage interest rate would increase by 0.35 per cent.
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Once again, it is proved that one of the simplest things we can do for our clients is to alert them to the interest rates that they are obtaining on their savings and the costs of borrowing. It amazes me how many clients persist in holding their money in branch-based bank and building society accounts where the ...
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