According to the BBC News site, financial advisors are warning people about packaged bank accounts.

I was reading through the site today and found this article warning everyone about those packaged bank accounts. I have to say I couldn’t agree more! It’s a wonder to me what the banks will try to push onto their customers and expect them to willingly take up these rather awful deals!

I can’t stand that about banks. They’re one of those organisations that makes millions and millions of pounds every year, for essentially doing incredibly little, and yet they’re constantly increasing the fees you have to pay just to have an account!

It’s good to visit an independent financial advisor every couple of years as they’ll often put you onto the best bank account that’s around at that time. Even if your current account is a very good one, banks reserve the right to change the fee structure at any time they like, which means you might need to start doing your banking at another bank if they start to play tricks with your fees!

It’s also good to keep up to date on all the financial news from more than one site as there’s so much going on in the financial world that you’ll often find the smaller news stories aren’t covered by all news outlets.

I believe that everyone is entitled to recompense for hard work, and I think that’s partly why I find myself so aggravated by banking executives. Often it seems like they do very little, and get paid a great deal, whilst the branch workers at banks seem to be running around working very hard, and they don’t get paid a great deal for it. I know there’s a sense of being rewarded for working at something long enough to be higher up in a given company, and that there’s higher pay in part to compensate for increased responsibility for the company, but still… It would be nice if they weren’t clamouring to make more money off us through fees and such.

I remain, paying fees,

Morgan D