LENDERS PENNY-PINCHING ON INSTANT ACCESS SAVINGS ACCOUNTS – NO NOTICE NO LONGER MEANS NO CHARGE, WARNS MONEYNET.CO.UK
BANKS and building societies are surreptitiously skimming off interest earned on so-called instant access accounts by limiting the number of free withdrawals allowed per year, according to online data comparison service Moneynet.co.uk.
Moneynet.co.uk is the UK's longest established online personal finance research and data analyst company. The company offers consumers a choice of thousands of low cost financial services products. From mortgages, personal loans to motor, home and medical insurance, credit cards, savings accounts and best buy fixed rate products, Moneynet is one of the most comprehensive online services of its kind in the UK. Founded by chief executive Richard Brown, the Moneynet brand is destined to become one of the UK's major players in consumer finance products.