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Consumers confused over rates

Amanda Jarvis

October 9, 2002

According to the survey, nearly 15 million adults – over one in three of the UK adult population – said they simply didn’t know the relationship between the rates banks pay on their savings and the rates they pay on their mortgage borrowings. Some one in ten adults revealed that they thought the interest rate that their bank or building society paid them was actually higher than the rate they were charged on their mortgages and a further one in seven thought they were about the same.


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