For the record, I have what's called an interest paying deposit account, which tops up my current account automatically on a daily basis. It seemed a good idea, but the deposit account actually pays me only about .5% interest, while if I were to overdraw on my current account I'd be charged something like 15%. This is bloody usury!
No wonder the banks are creaming it off. And the sooner their normal business is separated from their investment business, the better ...
Tony.
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