Moneynet in The Press
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borrowers see red as overdraft charges rise
Published: 24/02/2010 |
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Daily Express (Main) The cost of going into the red on a current account has soared in the past two years despite a campaign against excessive charges. New figures from price comparison service Moneynet.co.uk show that in February 2008, a customer who was overdrawn by £1,000 for six months would pay £69.25 in interest charges, which equates to an average interest rate of 13.85 per cent. But the same scenario today would cost more at £76.63, an average of 15.32 per cent.”
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