Banks Starting to Face 'Revolt' From Customers: Finance Expert

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 52%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Customers are suing banks for not updating accounts to higher-yielding options, leading to financial losses.

Amid a wave of rising interest rates, a 'revolt' is brewing among bank customers, fueled by a growing acknowledgment that some financial institutions have not been proactive in advising them of more lucrative savings options.

''People don't realize they're in a savings account getting 1 percent, and their friend chirps in their ears and says, 'You could get 5 if you switch to the money market,' and didn't know it, and no one at the bank told them. People are upset,' McMahon said.Newsweek has contacted Aquinas Wealth Management for comment by email.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 468. in RU

Россия Последние новости, Россия Последние новости