Thursday, August 9, 2012

Overdraft rates 'higher than before the credit crunch' - Personal ...


From: Think Money - 12:29pm - August 8, 2012

The average interest rate on an authorised overdraft is higher than before the credit crunch, according to research by Moneyfacts. This is despite the base rate falling to an all-time low of 0.5% during that time. A low base rate would normally mean that interest rates on borrowing also fall, but the difficult economic situation has meant that in some cases lenders have actually increased rates. Full article: Overdraft rates 'higher than before the credit crunch'Visit: www.thinkmoney.com

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Source: http://ewallstreeter.com/overdraft-rates-higher-than-before-the-credit-crunch-5070/

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