Get wise get richer! (Abbey National)

Member Name: pebbles

Product:	Abbey National
Date:	25/09/00 (33 review reads)
Rating:

Advantages: Slow but sure

Disadvantages: Low returns, better to shop around

I have been an Abbey National customer for more than 15 years and strangely enough I always felt I would be loyal and stay put. However I now wonder if I did that because it was less hassle. I have had varying accounts in order to save money and as I have got older and wiser I now shop around. I have closed the majority of my accounts as the returns were so poor. I found it hard to believe that they would charge customers a heap for being overdrawn yet I kept a fair bit of money in my current account as a way of saving and the interest rate was the same even if I had only a tiny amount in there. You would have thought that I would have been rewarded on a sliding scale of interest rates, what good is a few pence interest when you can put it somewhere else and watch it grow? On one visit to the local branch they tried to offer me a pension or an ISA. I explained that I wasn't too impressed with the performance I had even after 15 years with them and they seemd unperturbed. It doesn't pay to be loyal to one company anymore.

Summary: