Beware the perils of saving TOO MUCH cash

andy12345

I don't know when the first "too much money in your account so we'll reduce your interest" precedent occurred, but, to penalise someone who is keeping your company floating by reducing the interest to one-sixth, seems like a typical banking crime. This man will no doubt be obliged to split his funds into 2 banks or maybe even three (that are unconnected) to realise the correct interest rate AND at the same time, will ensure that he keeps within the £50k protection limit. What a bonus, if you ask me.

I think Lokolo was a bit harsh, but I suppose if you had £100k plus burning a hole in your pocket, you would maybe have a couple hours chat with an independent financial adviser at the very least..

All I can say is "obsido caveo!"