Andrew Hagger

“If someone with an agreed overdraft was charged at a market average of 14% and they were £500 overdrawn for 15 days each month, they would pay interest charges of £2.87 per month, he said.”

“a £50 unauthorised overdraft for just three days can cost a customer up to £60 for what is a short-term and fairly minor financial indiscretion.”

“He has calculated that by saving £22.50 per month on top of the two £250 payments from the state, a Child Trust Fund with growth at 4% would have been worth £7,964.70 by the time a child reached 18 y…”

“a small number of savings accounts offering interest rates of up to 5% were still available.”

“If someone with an agreed overdraft was charged at a market average of 14% and they were £500 overdrawn for 15 days each month, they would pay interest charges of £2.87 per month”

“If their interest rate was increased by 2%, it would mean having to pay an extra 41p every month.”

“The area that really needs more focus is unauthorised charging, where a £50 unauthorised overdraft for just three days can cost a customer up to £60 for what is a short-term and fairly minor financia…”