Bank Products News
The Bank's Exit Fees Can Be Hefty When You Quit A Home Loan Early
Saturday March 31, 2007
THERE'S a reason the banks are still reporting mega-profits - and it's not just the pitiful rates paid on most savings accounts. Over recent years, bank executives have become masters of the hidden fee. Not hidden, as in undisclosed - that would run too high a risk of falling foul of the regulators. These fees are stated in black and white, but most customers are ignorant or unconcerned because they assume they won't have to pay them.