“Bank Transparency: Why Savers Aren’t Aware of Higher Interest Rates”

Bertrand also denounces the banks’ lack of transparency. Instead of raising the interest on the classic savings accounts, they are launching new formulas that offer a slightly higher interest rate. Few savers are aware of this situation.

“It’s too crazy for words,” says Bertrand. “Banks should automatically apply the new, better conditions to current savings accounts instead of customers having to open a new account with the same bank.”