I have had countless email interactions with the National Consumer Agency, pointing out mistakes on the NCA website, regarding deposit products. The number of mistakes they have made on their website is frightening.
In fairness to the NCA, they have made changes to deposit product listings very quickly after I have emailed them. They have also contacted banks, also after I have emailed them, and forced banks to change deposit T&C’s in their products. I have found them responsive to complaints, willing to take action but they fail to take initiative to prevent occurrence in the first place and they help facilitate banks hiding sneaky T&C’s that serve no purpose other than to trick consumers.
The problem with the itsyourmoney.com cost comparisons is their lack of depth particularly in their term deposit listings, the frequency of error, the lack of highlighting clearly sneaky bank T&C’s and their strange illogical product display selection process.
there are so many different permutations of deposit products it’s always going to be impossible.
To cite my own bank: Ulster Bank - they are so fecking shnakey it’s incredible - make a withdrawal - lose your ‘bonus’ interest; go under/over 15k same story.
Maybe they should focus on explaining the maths behind yield instead of being like gocompare.com or whatever; then again maybe people should have learned that back in primary school…
