Thursday, 28 July 2016

Will UK Banks Charge Savers Soon?

Roy Scott | Getty Images

The idea of savers being charged to keep their money in the bank might seem extraordinary even in an era of unprecedented monetary policy measures - and has never happened before in the UK.

Now one of the country's biggest banks, NatWest, part of RBS, has warned its business customers that it may have to charge for deposits. The announcement comes ahead of a meeting by the Bank of England next week which is widely expected to set a further historically low interest rate.

Read the Full Artilce

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