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 soonCould 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 managersStupidly 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 Follow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us [email protected] us  020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen CraneProducer: Georgie Frost Hosted on Acast. See acast.com/privacy for more information.