When looking for a new
The association has stated that consumers need to think seriously about exactly what it is they are looking for from a bank.
Brian Capon, spokesperson for the BBA, explained that with the wealth of
“Are there any limitations or conditions to getting that interest rate, such as only making a limited number of withdrawals?” he said. “Also look at the protection you are getting.”
By checking whether a bank is authorised on the Financial Services Authority website, consumers can check that they are eligible for its compensation scheme limit of £35,000, Mr Capon added.
Research by the National
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