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survival tips for you and your money

Published: 01/02/2009

Civvy Street – 1st February 2009

 

Know what the real irony is about the financial crises of 2008?  According to BBC reporter Robert Peston, it’s that savers and careful investors – who usually come out well in a recession – are now carrying the can and showing hefty losses, while some bankers – currently the world’s favourite people, not! – managed to get themselves refinanced just in time to collect some Christmas bonuses.

 

Bank fees and charges vary hugely, according to Andrew Hagger at Moneynet.co.uk.  The average authorised interest rate is 14.48%, whilst an unauthorised debit interest is more than 60% more expensive.

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