The great savings scandal – This is Money Show

It’s not often that a watchdog not only watches but also bites.

But that’s what the Financial Conduct Authority (FCA) has done to our shameful banks.

Sorry listeners, it’s bad bankers again!

This time it’s the ‘pathetic’ interest rates paid to loyal savers, some as low as 0.01%.

Share Radio’s money guru Georgie Frost is joined by editor Simon Lambert and consumer affairs editor Lee Boyce, who name and shame the banks named and shamed by the FCA.

And it’s all thanks to a campaign This is Money launched in 2011 to make banks tell their customers what rate of interest they are being paid.

Also, on the show…

The price of oil is coming down again – they could start giving it away soon, well almost.

The main Bank of England interest rate is kept on hold for the 81st month in a row, provoking more debate on the threat of it going up soon

Could young people’s dream of owning a home come true thanks to a massive building programme – on the Green Belt?

Guess what? We’re overpaying for our gas and electricity bills. Someone has totted up the pennies and it adds up to billions of pounds.

Investing in whisky

Best and worst fund managers

Stupidly expensive food and drink

Does filling your freezer with newspaper help to cut your electricity bill?

And finally…

No, it doesn’t. But it’s fun to find out why.

#money #saving #interestrates #moneysaving #whisky #newspaper #banks #badbanks #greenbelt #houseprices #bills

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