Seven high street names accused of 'blatant profiteering' for raising mortgage rates while cutting savings rates
- Seven banks and building societies are accused of 'blatant profiteering' for raising mortgage rates while cutting savings rates, according to Money blog.
- Justin Moy noted that higher savings rates typically correlate with the base rate, which was reduced last month.
- Ranald Mitchell described the banks' actions as 'naughty' for quickly increasing mortgage rates while cutting savings rates.
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Coverage Details
Total News Sources0
Leaning Left4Leaning Right2Center5Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
46% Center
L 36%
C 46%
R 18%
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