{"id":49650,"date":"2017-03-25T14:00:02","date_gmt":"2017-03-25T07:00:02","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/lords-call-for-the-banks-to-get-back-to-basics\/"},"modified":"2017-03-25T14:09:49","modified_gmt":"2017-03-25T07:09:49","slug":"lords-call-for-the-banks-to-get-back-to-basics","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lords-call-for-the-banks-to-get-back-to-basics\/","title":{"rendered":"Lords call for the banks to get back to basics"},"content":{"rendered":"


\nA \u2018basic account\u2019 is just that \u2026 but they aren\u2019t well promoted probably because they don\u2019t make moneyThere are almost 8m basic bank accounts open in the UK, and most of the big banks offer them, but they are arguably the\u00a0Cinderella of the financial services world. You won\u2019t find sports stars appearing in multimillion-pound TV adverts to plug them, or billboard posters extolling the virtues of these no-frills accounts. But perhaps that could be set to change.In a report on tackling financial exclusion, a House of Lords committee says banks must be \u201cmuch more proactive\u201d in promoting their basic accounts. It claims that in some cases, even branch staff are unfamiliar with them, and recommends that the government should \u201crequire\u201d banks to properly promote them, in branches and via advertising. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Lords call for the banks to get back to basics<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A \u2018basic account\u2019 is just that \u2026 but they aren\u2019t well promoted probably because they...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-49650","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-cUO","jetpack-related-posts":[{"id":30353,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savers-suffer-as-banks-withdraw-more-than-100-savings-accounts\/","url_meta":{"origin":49650,"position":0},"title":"Savers suffer as banks withdraw more than 100 savings accounts","date":"October 17, 2016","format":false,"excerpt":"\r The number of available products is at its lowest level since 2007, following the Bank of England\u2019s August base rate cutMore than 100 savings accounts have been withdrawn from the market since the Bank of England cut interest rates in August, and the choice available to savers has hit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94687,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-regulators-could-enforce-minimum-interest-rate-for-savers\/","url_meta":{"origin":49650,"position":1},"title":"UK regulators could enforce minimum interest rate for savers","date":"July 25, 2018","format":false,"excerpt":"\r Billions of pounds in low-interest accounts are a crucial source of profits for banksBanks could be forced to pay savers a minimum interest rate after City regulators found that longstanding customers in instant access accounts are paid derisory rates because of their apathy about switching providers. The Financial Conduct\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20600,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-bank-accounts-paying-savers-a-pittance\/","url_meta":{"origin":49650,"position":2},"title":"The bank accounts paying savers a pittance","date":"July 23, 2016","format":false,"excerpt":"\r The interest offered by some banks and building societies has hit 0%, so who are the worst culprits and where\u2019s the best place to park your cash?Britain\u2019s chief financial watchdog this week named and shamed the banks paying their savers a pittance. In some cases customers are being paid\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6578,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/could-a-bitcoin-style-monetary-system-spell-the-end-for-britains-banks\/","url_meta":{"origin":49650,"position":3},"title":"Could a bitcoin-style monetary system spell the end for Britain's banks?","date":"March 2, 2016","format":false,"excerpt":"\r Deputy BoE governor warns digital-style currencies could deny commercial banks crucial deposits and potentially hinder their ability to lend moneyThe Bank of England (BoE) could become the hub of a bitcoin-style digital currency that sidelines high-street banks and cuts the costs of financial transactions, according to a senior executive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29611,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/switching-banks-the-man-whos-had-more-than-10-current-accounts\/","url_meta":{"origin":49650,"position":4},"title":"Switching banks: The man who's had more than 10 current accounts","date":"September 13, 2013","format":false,"excerpt":"\r We talk to one man who has several bank accounts running at once in a bid to snaffle the best freebies and interest ratesMany bank customers think switching accounts involves lots of hassle and runs the risk of direct debits going awry. But those who do it \u2013 including\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13836,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-banks-want-your-current-accounts-but-who-offers-the-best-deals\/","url_meta":{"origin":49650,"position":5},"title":"The banks want your current accounts, but who offers the best deals?","date":"April 27, 2015","format":false,"excerpt":"\r As the competition grows fiercer by the day more than a million customers have now taken the plunge and switchedYou might still feel that you are more likely to divorce your spouse than change your current account (according to the oft \u2013quoted adage) but a significant 1.1 million people\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/49650"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=49650"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/49650\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=49650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=49650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=49650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}