1 min Read
28 Sep 2010

Written by Damien

Damien is one of the most widely quoted money and investment experts in the national press and has made numerous radio & TV appearances. He created MoneytotheMasses.com while working in the City when he became disillusioned with the way the public were left to fend for themselves because they could not afford financial advice.

More about Damien

Banks offering a raw deal to offline customers

Stefano Valle / FreeDigitalPhotos.net

 New research by Which? Magazine has uncovered ‘that an online saver could be £375 better off over the course of a year compared with a branch-only saver. It also found the average rate for instant-access savings accounts available in-branch to be just 0.56%, less than half of that available to online savers (1.14%). Fixed-rate savings accounts and cash ISAs also offered a much better range of best-rate products for online savers.

 With figures from the Department for Work and Pensions showing that four million people in the UK are digitally excluded, either because they can’t afford or don’t have internet access, it appears the banking industry is treating its offline customers unfairly.’ (source Which?)

 If you are reading this post then you clearly are already online savy. It is very easy to find the best savings rates by using one of the many online comparison sites. But to make it even easier for you here is a link that will take you directly to the best deals. Click here.

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