kk said..
Do they still pay interest on savings?
My guess is that the banks are concentrating on getting savings accounts with higher balances and less transactions, although I don't know why age would come into it, other than for advertising purposes perhaps. A bit like the lifestyle villages for over 55s ?
Of course they still pay interest, 2 tenths of sweet stuff all, but they still pay it.
For years they have pushed pensioner security accounts, they pay the same as Govt deeming rate used for tax purposes.
