Overdraft costs hit 11-year high as banks 'cynically' seek to recoup lost profits

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Overdraft costs hit 11-year high as banks 'cynically' seek to recoup lost profits

11th July 2008, 20:50:PM

Bank customers are "being pummelled" by the highest interest rates on their overdrafts for 11 years, as lenders seek to recoup lost profits from the credit crisis, according to official figures.

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Tags: bank, costs, credit, crisis, customers, interest, lenders, money, overdraft, rates, telegraph

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Overdraft costs hit 11-year high as banks 'cynically' seek to recoup lost profits

Overdraft costs hit 11-year high as banks 'cynically' seek to recoup lost profits

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