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SPUGGIE J · 28-06-2009, 05:56

In principal I am not against paying for their services as we pay for services from all kinds of institutions whether they be the council RAC AA mortgage etc. What has me wary is how they would go about this without all the small print and corparate jargon that we normally see from them. People of a certain age can benifit from some as has been mentioned. But and a big but is what about those of a certain age that might not really understand it and just sign up with them just to get peace or thinking its safe?

This kind of action needs serious thought and trials to be acceptable to people. Always believed that banks paid interest on current accounts because they were considered an asset and could be used to up their star in the market. They used this this money in a virtual sense and as a result you got the reward of interest. This is how they fund mortgages as well is it not. Might be wrong so can I be re-educated if I am?

28-06-2009, 05:56	#22
SPUGGIE J God Member Join Date: Aug 2005 Location: Not sure anymore Posts: 9,009 Blog Entries: 10 Liked: 1 times Rep Power: 515	Re: would you pay for Banking services? In principal I am not against paying for their services as we pay for services from all kinds of institutions whether they be the council RAC AA mortgage etc. What has me wary is how they would go about this without all the small print and corparate jargon that we normally see from them. People of a certain age can benifit from some as has been mentioned. But and a big but is what about those of a certain age that might not really understand it and just sign up with them just to get peace or thinking its safe? This kind of action needs serious thought and trials to be acceptable to people. Always believed that banks paid interest on current accounts because they were considered an asset and could be used to up their star in the market. They used this this money in a virtual sense and as a result you got the reward of interest. This is how they fund mortgages as well is it not. Might be wrong so can I be re-educated if I am? __________________ All comments above are nothing to do with here and therefore not the resposibility of the Accrington Web site owners admins or mods. THEY ARE MINE!!!!