Metro Bank, the first high street bank to launch in the UK for a century, opens its doors today but none of its products have made it onto best buy tables.
It promised to revolutionise the British banking experience through offering retail opening hours, unparalleled service and a simple range of products that will be suitable for everyone. But none of the mortgage and savings products launched today was competitive enough to make it on to the best-buy tables, while many paid below the industry average, the Telegraph reports. These include an instant-access savings account offering a return of just 0.5%, compared with a best-buy rate of 2.8%, as well as a three-year fixed rate bond paying only 3%, significantly below the market leading r...
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