21 February 2008
Nationwide Building Society has welcomed a recent report which highlights how the big five banks fail to offer genuine best buys.
A recent Which? report entitled Switch your bank and save hundreds, highlighted how customers can save money and receive a better service if they switch bank accounts.
Matthew Carter, Savings and Mortgages Director at Nationwide said: "Which?'s report highlights how many of the banks' products fail to deliver genuine value. Some of our competitors deliberately manipulate their products to make them appear better than they actually are, so consumers need to be careful and choose an organisation that has a reputation for transparency and good value.
"Now might be a good time to shop around and switch."
Mr Carter added that with the support of consumer organisations such as Which?, consumers will be better informed about the products that are best for them.
"Consumers may think their bank is offering a best buy but once they've scratched beneath the surface of many products, they may find these aren't as good as they first seemed," he said.
© 2008 Adfero Ltd
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