Increase in Banks Paying 0% Interest On Accounts

Western MailJuly 08, 2009

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Summary


THE number of banks and building societies paying 0% interest on current accounts has doubled during the past nine months, according to latest research.

Only 16 current accounts, representing 9% of the market, paid no interest on in-credit balances in September last year when US investment bank Lehman Brothers collapsed.

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Increase in Banks Paying 0% Interest On Accounts

But since then the number of current accounts offering no interest has so...

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