🚀 go-pugleaf

On Sun, 7 Jun 2009 14:26:50 UTC, "HEMI-Powered" <none@none.sn> wrote:

> Invisible Man added these comments in the current discussion du
> jour ... 
> 
> > Hidden in the conditions most banks etc tell you how they will
> > advise you of interest rate changes and when.
> > For some changes are poorly advertised and often notification is
> > some time after the change.
> > I check rates for my accounts monthly. Eg. Egg have recently
> > lost one of my cash ISAs ISA having issued a new account at 2.5%
> > and cut the rate on my slightly older account to 1.55%
> > 
> Exactly. Usually, they have a pretty brochure with the big numbers in 
> it but you have to ASK to see the "fine print". It is almost NEVER 
> the case that a bank will volunteer some draconian measures.

Sigh. Uneducated Americans.

Look. Read carefully, move your lips at the same time if it helps.

NOTHING to do with the contract. UK regulations forbid changes like this
if the customer is not informed.

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