Instant Saver - Instant loser more like (Abbey National)

Name: brownp1

Hello doyoo user, You have to be logged in to use these functions... Login or register Close window

Send message to member

Product:	Abbey National
Date:	01/02/01 (319 review reads)
Rating:

Advantages: none

Disadvantages: not a saving account at all

7 years ago I opened an instant saver with Abbey national, as a means of saving for large items of expenditure. At the time this was the best rate on the market however over time the rate has drifted down so that now it is a pathetic 0.5% - my savings were actually becoming less valuble since inflation was greater than this rate.
I am unaware of Abbey National informing me of the rate changes, as a greedy corporate entity they were just satisfied with giving me an atrocious deal and only by reading the financial press did I discover this state of affairs

Be warned - Abbey National are out to help themselves - NOT you.

Summary: