UK Money News
7th January 2008
Nationwide: Savings code of conduct call
Nationwide is calling for a voluntary code of conduct for the savings industry to protect consumers against misleading introductory rate offers.
The building society claims some providers lure customers in with high rates of interest but fail to inform them when these rates fall after a certain period of time.
It believes a voluntary code whereby providers would be required to make clear to savers when they open an account exactly when the rate they receive is due to change is needed.
Matthew Cater, director for savings at Nationwide, said that as introductory deals become more commonplace it is more difficult for savers to make the best decisions about their personal finance.
"Consumers are told when their mortgage deals are due to change and it shouldn't be any different for savers," he stressed.
Attractive interest rates may have encouraged more people to put money away as research from Alliance & Leicester shows that Britons' savings have almost doubled since 2000 and could reach a total of £1 trillion by 2012 if current growth continues.
back to January's Money News
This article and more Latest Money News can be found on MoneyCrocodile.co.uk
Personal Loans from UKPersonalLoans.com
Personal Secured Loans for Homeowners and Personal Tenant Loans for Non-Homeowners. You can apply online for an Any Purpose Loan or Personal Debt Consolidation Loans or use one of our Loan Calculators.
Debt Advice from ReduceDebt.com
Debt problems? Refused a loan? Got CCJ's or Arrears? Get the best advice and help by enquiring online. Our Debt Professionals will help you whatever debt problems you have. Some of the options available to you are Debt Management, Debt Consolidation, Debt Couselling and IVAs,
UK Personal Finance from MoneyCrocodile.co.uk
UK Online Personal Finance site covering: Loans, Mortgages, Credit Cards, Insurance, Debt Advice, Bankings and Savings, Finance Tools and Money Jargon. We also cover Any Purpose Loans, Secured Loans, Personal Loans, Tenant Loans, Car Loans and Debt Consolidation Loans. If you are looking for Personal Finance let Money Crocodile put a smile on your face.
Car Loans from GBCarLoans.com
Don't just accept the dealers finance - get a quote from us before you buy!. UK Car Loans for New Cars or Used Cars: Supermini, Small, Hatchback, Saloon, Estate, MPV, 4x4, Sports, Luxury, Executive, Cabriolet or Classic Car.
Tenant Loans from TenantLoan.com
If you're looking for a low cost tenant loan, then look no further. We aim to find you a highly competitive interest rate and you can borrow anything from £5,000 and £250,000 with up to 25 years to pay.
