Yorkshire Bank advises financial health check
www.moneynews.co.uk > General finance > Yorkshire Bank advises financial health check
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Money News |
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Yorkshire Bank advises financial health check
Mon 22nd Jan 2007
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The financial services provider claims that consumers are losing out on nearly £2 billion because they fail to review their banking and borrowing products.
A survey by Yorkshire Bank revealed that Britons are somewhat in the dark about the state of their financial affairs, as more than a fifth do not even have a savings account.
What is more, 84 per cent of people with store cards have no idea what interest they are paying on their borrowing.
"It's a sad state of affairs that Brits have let their personal finances get so out of shape," commented Stephen Porter, senior marketing manager at Yorkshire Bank.
"That's why we're encouraging anybody to come and see one of our experts so that we can take a holistic view of their finances."
Yorkshire Bank and its sister bank Clydesdale are offering free financial health checks at their branches so Britons can shape up their cash situation.
Other tips outlined by Yorkshire Bank include giving up smoking and reducing the amount of alcohol you buy, while also ditching store cards.
By switching to a new mortgage and sorting out your savings, you can also dramatically improve your financial health, Yorkshire Bank said.
A December 2006 survey by F&C Asset Management found that of the 44 per cent of Britons who were planning to make New Year's resolutions, 79 per cent indicated that these would be to improve their finances.
Related News : General finance |
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