No accounting for gullibility over monthly banking fees

Lewis, Paul
November 2009
Community Care;11/26/2009, Issue 1797, p32
In this article the author offers few money management tips. The author says that paying for accounts which offer insurance extras is simply a waste of money. The author suggests to buy savings account and cheaper overdrafts to earn interest on spare money. The author says that according to the journal "Which?" banks spend 42% of their advertising budgets on promoting insurance extras. The author says that banks do so as they are very profitable, not because they offer customers a good deal.


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