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Banks to restrict access to savers money
Comments
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At many various times over the years fixed term deposits have been issued in which only access on death was provided.
They have never made the headlines in the past and dont see why they should now.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Which is why,(IMHO) in these uncertain times, it's madness to do longterm fixes without a get out, and why the banks will find it harder to get people to tie up money long term if the get outs are removed.True, which makes them a riskier product, so you get a premium rate for that extra risk. It's fair enough really.0
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