Monday 11 December 2017

Charlie Weston: Beware the balderdash as bankers make us pay

GET ready for the bank charges onslaught. That's the clear message from the move by Bank of Ireland (BoI), first reported in this newspaper last week, to hike a range of interest rates.

Just days after the taxpayer had taken a 16pc stake in the bank, it emerged that it is set to raise the interest rate it charges its personal customers on overdrafts, loans and student loans.

At the same time, it is to cut the interest it pays to customers who remain in credit on their current accounts.

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