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New High Street bank


badlad
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The first High Street bank to launch in the UK for more than 100 years is opening its doors for the first time.

 

Metro Bank says it will put special emphasis on good customer service, including extended opening hours.

 

It will be closed only on Christmas Day, New Year's Day, Good Friday and Easter Sunday.

 

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Metro Bank's overdraft rate will be a standard 15%, personal loans will be charged at 10%, while annual interest paid on instant access savings will be just 0.5%.

 

However analysts said that the mortgage and savings products being launched were not yet competitive enough to enter the best-buy tables.

 

"Although they are offering all these other benefits, such as longer opening hours, one of the main things for people is a competitive interest rate,"

 

Can't see many going for that !

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