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| Jars with Dollars from Shutterstock |
It’s safe to say that, after the recent recession, it will
take many, many years before banks are able to establish a reputation that
vaguely resembles ‘consumer friendly’. The question is, how hard are they
actually trying?
The economic crisis from 2007-10, which was in many ways the
result of irresponsible lending from banks themselves, led to a bailout from
the taxpayer which peaked at £955 billion. And with the amounts of interest being offered by
most banks on current accounts and Cash ISAs in recent years having plunged
towards the derisory, they certainly haven’t endeared themselves to savers
since.
That said, there are some good deals out there for those who
are open to change in terms of who they bank with; not only in terms of new
customer rewards, but also the interest, insurance and overdraft rates they
offer.